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Goodbye Chip+1, Hello Prize Savings Account
Goodbye Chip+1, Hello Prize Savings Account

Move your money today for the chance to win prizes

James avatar
Written by James
Updated over a week ago

What’s happened to Chip+1?

Throughout 2021 we got in touch to inform you that the 1.25% bonus rate on Chip+1 was ending. The rate ended on December 8th 2021. This means that any funds still held in your Chip+1 account have not earned returns since the 8th of December 2021. Further deposits into this account were stopped entirely from the 19th of December 2022.

Fortunately, you can now easily transfer your balance over to our brand new Prize Savings Account in a few taps, giving you a chance to win prizes of over £10,000*.

To move your funds to our new account, just open the app and look for the banner on the home screen titled: 'Transfer your money'

Simply click on the banner, follow the prompts and we'll take care of the rest! Just look for the following banner on your home screen:

Alternatively, you can access the function through the savings account tab, just click on your Chip+1 account and look for the prompt to transfer funds.

The process takes less than a minute, but if you can’t move your money or can’t see the in-app feature, first please ensure you are running the latest version of our app.

If you’re still having problems, get in touch with the team via chat or via

*T&Cs, eligibility criteria and minimum balances apply. For current prize values, entry and eligibility criteria and how to opt-out see our full terms.

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