Please note: Chip can't provide financial advice so you may want to seek guidance from a qualified professional if you are unsure or have detailed questions around investing. Your capital is at risk.

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Chip Investments is an easy and low-cost way to access investment funds, so you can grow your money and build a diversified investment portfolio in just a couple of taps.

Our investment platform gives you the freedom to invest in a range of investment funds. We’re offering funds from some of the largest fund managers in the world, BlackRock, L&G and Vanguard. Our aim is to bring you multi-asset investments that will put your money to work in a wide range of global markets, sectors and industries.

However, it’s important to bear in mind that investing is different from savings, your capital is at risk and you might get back less than you put into an investment fund.

That being said, investing in funds is generally less risky than trading individual shares, and offers something of a compromise between the low-risk/low-return safety of a savings account and the high-risk/high-return world of investing in individual shares.

In general terms, over the long term (by which we mean 5-10 years or longer) your returns should be higher than you’ll get from savings interest, although this is not guaranteed. By spreading your investment across a wide variety of equities and bonds, your exposure to the market is much broader than if you were investing in a single company. All you need to get started is your National Insurance number.

Although not suitable for everyone, we believe that the benefits of investing should be available to all, not just the super-wealthy.

You can invest in the investment funds either through the Stocks and Shares ISA or the General Investment Account.

We’ve pulled together this comprehensive list of FAQs that should help you understand investing.

See below for the full answer, but as a brief overview:

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The savings accounts we offer store your money as cash in a UK-authorised bank. Provided you are eligible for the FSCS guarantee, this means your capital is not at risk up to the limits which apply to each banking licence, and other than the effects of inflation, you don’t need to worry about your money losing value.

The bank will typically lend you money to make a profit, and pass some of this back to you as interest.

You can read more about the savings accounts we offer here.

The investment funds we offer are provided by fund managers Vanguard, BlackRock and L&G and you can buy ‘units’ of these funds.

A fund manager invests your money across multiple different assets, like stocks and shares, or government or corporate bonds, with the aim of earning returns.

This means when your money is in an investment fund your capital (money) is at risk, and there is always a chance you may get less money out than you put in. There are a number of measures investment fund managers take to mitigate this risk, but it is a risk of investing.

The funds available on the standard Chip plan are:

The funds available on the ChipX plan are:

You can read more about each fund in the Invest tab in-app. You'll be able to see a description of each fund and access the Key Investor Information Document (KIID).

You can read more about our plans/pricing here and you can read more about the ChipX exclusive funds here.

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Consider your financial position carefully before moving any money into investment funds from your savings.

Generally, investment funds are only something you should consider if you have savings that you do not need immediate access to. Especially as it can take a few days to get your money in or out of an investment fund by buying or selling your units. You should consider investments as a longer-term commitment (by which we mean 5-10 years or more).

In essence, it is unwise to put any money into an investment fund that you may need for necessary expenses. They are a place to put your long-term savings: with your 5-10 year financial plans in mind, not saving for a holiday, for example. It’s important to understand that investment funds are not a get-rich-quick scheme, and you will see times when your returns are low, stagnant, or even negative. However, over the long term, it is more likely you will see a positive return on your money.

We provide an average annual return figure as well as the full past performance data covering the history of the fund. You can find all of the information by viewing the funds in the Invest tab in-app to help you make the choices that are right for you.

You can deposit into one or multiple investment funds of your choice by going to the Invest tab in-app and going into either your Stocks and Shares ISA or General Investment Account and selecting the fund. Once you’re viewing the fund, you can click ‘Add money’ (if you’re depositing from your linked bank account or card) or ‘Transfer’ (if you’re depositing from a savings account within Chip. Please note that deposits into investments can take up to eight days to clear.

Yes, you can. You can autosave into an open investment fund of your choice. Please go to your "Auto-save settings" on the profile tab and scroll down to select which fund you'd like to autosave into.

By turning on this feature you are agreeing to purchase units in your selected fund. You can cancel an autosave before 3 pm in order to stop this going through, however, after this time the buying process will begin and can not be stopped until complete. Only after this time will you be able to sell your units. Capital at risk

Yes, you can. Currently, you are able to directly transfer funds into investments from the following accounts:

If you’re on the free standard plan, you will be charged a platform fee of 0.25% (£1 monthly minimum) for the Stocks and Shares ISA and General Investment Account.

Please note that the platform fee is per investment account and is charged directly from your funds. If you hold both a Stocks and Shares ISA and a GIA, you will be charged a separate fee for each account.

Annual management fees still apply regardless of the plan you are on. The annual management fees are charged by the fund manager (e.g. BlackRock) and can be found on the fund’s Key Investor Information Document.

You can read more about fees for our investment platform here.

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‍You will see daily performance in the app for each fund and your portfolio.

We will also provide you with quarterly valuation statements for your investment funds, where you will be able to see the entire portfolio value, as well as any growth and fees on your account. You can access these using your Chip app.

If you have any further questions, please don’t hesitate to reach out to our support team via the in-app chat or via email at hello@getchip.uk