We're pleased to be able to offer a wide range of accounts to choose from. Before you decide which is right for you, allow us to lay out the facts.

Just so you're aware, you can only open one of each type of savings account. For example, it's not possible to hold two Chip Instant Access Accounts at the same time.

Our Chip Instant Access account is a savings account with a tracker rate. This means the gross interest rate is variable and tracks at 1.06% below the current Bank of England base rate.

This account offers compounding interest that accrues daily and is paid monthly on the fourth working day of the month.

This account provides near-instant deposits and withdrawals and offers 3.24% AER (Variable) (3.19% Gross), paid on the entire balance up to £1 million. All this while the funds you deposit are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000*.

You can read more about the Chip Instant Access Account here.

*Please note that the £85,000 FSCS-protected amount is shared across the Chip Cash ISA, Chip Instant Access Account, Chip Easy Access Account, Prize Savings Account and any other account you hold with ClearBank.

Our Chip Cash ISA is a tax-efficient ISA that has a tracker rate. This means the gross interest rate is variable and tracks at 0.26% below the current Bank of England base rate. The Chip Cash ISA is free to open and offers FSCS protection up to £85,000* through our partners at ClearBank.

This account provides near-instant deposits and withdrawals and offers 4.06% AER (Variable) (3.99% Gross).

This account offers compounding interest that accrues daily and is paid monthly on the fourth working day of the month.

You can read more about the Chip Cash ISA here.

*Please note that the £85,000 FSCS-protected amount is shared across the Chip Cash ISA, Chip Instant Access Account, Chip Easy Access Account, Prize Savings Account and any other account you hold with ClearBank.
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Our Chip Easy Access Account is a savings account with a tracker rate. This means that the gross interest rate is variable and tracks at 1.00% below the Bank of England base rate. This account offers 3.30% AER (variable) (3.25% Gross).

You may also have a temporary boost depending on when you opened the account.

The interest rate is paid on the entire balance up to £1,000,000. All this while the funds you deposit are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000*.

The Chip Easy Access Account allows for 3 penalty-free withdrawals in each 12-month period. If you exceed 3 withdrawals in a 12-month period, your interest rate will be reduced by 2.10% AER (2.05% Gross) for the remainder of those 12 months. Please note that transfers to other Chip Savings Accounts (such as the Prize Savings Account, Chip Cash ISA and Chip Instant Access Account) also count as withdrawals from the Chip Easy Access Account.

This account offers compounding interest that accrues daily and is paid monthly on the fourth working day of the month.

You can read more about the Chip Easy Access Account here.

*Please note that the £85,000 FSCS-protected amount is shared across the Chip Cash ISA, Chip Instant Access Account, Chip Easy Access Account, Prize Savings Account and any other account you hold with ClearBank.
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Our Prize Savings account gives the chance of winning a grand prize of a minimum of £10k, free of charge. Simply by holding an average monthly balance of over £100, every £10 you deposit will be classed as an entry into our prize draw. Along with the £10K grand prize, we will have thousands of winners of smaller prizes of £10 and £5. Winners are randomly selected within a week of the end of the month. Your balance is available to withdraw at any time without penalty, but entries are only made based on the held balance.

This account is free to open and has a maximum balance of £85,000 and offers FSCS protection* through our partners at ClearBank. You can read more about the Prize Savings Account here.

Prizes are not cash and are applied to your Chip account as a bonus. Prizes become cash once you withdraw your entire Prize Savings Account balance into your linked bank account.

Prizes are not eligible for entry calculation or FSCS protection.

This account does not offer interest. For current prize values, entry and eligibility criteria and how to opt out see our full terms.

*Please note that the £85,000 FSCS-protected amount is shared across the Chip Cash ISA, Chip Instant Access Account, Chip Easy Access Account, Prize Savings Account and any other account you hold with ClearBank.

We no longer offer the following accounts to new users, but some longstanding Chip users might have any of the following accounts:

If you need help with any of these accounts, please contact us via the Profile tab in the app or by emailing us at hello@getchip.uk.

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