Save. Win. Change your life.

Our £500,000 draw is here.

Available to all Chip members. Free to enter. Tax-free prizes.1
‍November entries count towards the December draw.
Enter now
Enter now
Learn more
Learn more
T&Cs, eligibility criteria and minimum balance applies.

‍1Chip does not provide tax advice. Tax treatment depends on individual circumstances and may be subject to change in the future.
Powered by ClearBank.

18+ UK tax resident & App only.


T&Cs, eligibility criteria and minimum average balance of £100 applies. This account does not offer interest. For current prize values, entry and eligibility criteria and how to opt-out see our Prize Savings Account Terms. FSCS limits of £85,000 apply (subject to eligibility). Prizes are not FSCS eligible until they have been withdrawn back to your linked account. ClearBank provide the account and Chip offer and manage both the account and the Prize Draw.*
As featured on
Based on 4,299 reviews

Prize pool

About

How it works

Entry calculator

Boosting entries

Previous winners

Draw ends in:
36
Days
00
Hrs
00
Min
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Sec

You could be our £250,000 Grand Prize winner

This is our biggest ever prize draw, with the winner taking home a quarter of a million.
‍The more you deposit, the more entries you get for the chance to win multiple tax-free prizes1.
£250,000
1 Grand Prize available
£1,000
100 prizes available
£10
5,000 prizes available
£5
20,000 prizes available

How would you spend a quarter of a million pounds?

Whatever your dream looks like - £250k can get you there.

What is the Prize Savings Account?

The Prize Savings Account is an FSCS protected instant-access savings account that offers prizes instead of interest. Eligible deposits are protected under the Financial Services Compensation Scheme up to £85,000. Open your account in minutes, start depositing and watch your entries grow.
The account and prize draw are offered and managed by Chip. ClearBank is responsible for only the provision of the account and holding your funds which are FSCS protected (subject to eligibility). *Prizes are not eligible for FSCS protection. FSCS limits of £85,000 apply to eligible deposits per bank. This means deposits held in the Prize Savings Account and any other accounts provided by ClearBank would be eligible for a total of £85,000 of FSCS protection ONLY.

Free to enter. Access anytime.

The Prize Saving Account is much more than one draw. It’s been a big part of Chip since 2022. We’ve awarded over £2,300,000 in prizes to Chip members with draws running every month.
How it works

01

Open or hold a Prize Savings Account

It’s a free instant-access savings account

02

Make a deposit to earn entries

Deposit larger amounts earlier to gain the most entries, up to an £85,000 deposit limit

03

Boost your chances of winning

See below how you can earn extra entries in the draw

04

Wait for our winners announcement

December's £250,000 Grand Prize could be yours

Half a million reasons to start now...

Use the calculator below to see how many entries you can get in the December 2025 draw.
Enter now
Enter now
See how many entries you get
Learn more
Amount you deposit today
£100
£100 is the minimum deposit
£85,000 is the maximum deposit
If you deposit today
250
Entries
If you wait until 01 Dec
250
Entries
If you enter today
250
Entries
If you wait until 01 Dec
250
Entries
This calculator has been created for illustrative purposes and is an estimation. T&Cs, eligibility and minimum average balance applies
Check the entry tracker in your App to see your current entries
Dreaming of the Grand Prize?

Pssst...Here's a little tip

Entries are decided by your average balance in the account over the course of a month, so the more you deposit the more entries you get, right?

But here’s the trick, it’s not just about the amount, it’s about when you deposit. This is because depositing earlier in the month drives up your average balance.


So, deposit larger amounts early (and hold them there) to give yourself the most entries, and increases your chances of taking home that big £250k Grand Prize. Tax-free1.
Download app
Enter now

Want to boost your entries

For our big £500,000 draw, we’re giving you the chance to earn extra entries
Refer a friend to Chip
Yes, this is per friend – you can invite as many people as you like. Terms apply and Learn more.
Extra entries
100
per friend
Equivalent to
£1,000
per friend
Invest with Chip
If you make a £10+ deposit into an investment account before 31 December 2025, you can get a one-off hit of 100 extra entries. Capital at risk. Terms apply.
Extra entries
100
Equivalent to
£1,000
Deposit early
If you deposit into your Prize Savings Account in November, we will add your November entries to your December entries. Terms apply.
Extra entries
Up to
8,500
Equivalent to
Up to
£85,000
Enter a promocode
These are surprises - keep your eyes open for them!
Extra entries
Up to
1,000
Equivalent to
Up to
£10,000
Extra entries
Equivalent to
Refer a friend to Chip
Yes, this is per friend – you can invite as many people as you like. Terms apply and Learn more.
100
per friend
£1,000
per friend
Invest with Chip
If you make a £10+ deposit into an investment account before 31 December 2025, you can get a one-off hit of 100 extra entries. Capital at risk. Terms apply.
100
£1,000
per friend
Deposit early
If you deposit into your Prize Savings Account in November, we will add your November entries to your December entries. Terms apply.
Up to
8,500
Up to
£85,000
Enter a promocode
These are surprises - keep your eyes open for them!
Up to
1,000
per friend
£10,000
See what previous winners had to say

Meet our previous
Grand Prize winners.

We’ve had 43 people across the UK take home our tax-free Grand Prize.
Could you be next, and be our very first £250,000 Grand Prize winner?
Based on 4,299 reviews
£50,000 winner
Sarah
“I feel like I'm in a dream! My brother told me to go to Chip and put all my money in the account. It's my 50th birthday this year too!”
Sarah, from Cheshire
July, 2025
£10,000 winner
Kathryn
“Oh my, are you joking? I can’t believe it. That’s just life changing to be honest with you thank you so much. I think Chip is amazing anyway: it’s such a good app.”
Kathryn, from Central London
April, 2025
£75,000 winner
Jason
“I won that?! I don’t know what to say, that is so unexpected. I’m hoping to move house so that’s going to make a big difference. You have made my year.”
Jason, from Brighton
July, 2024

Answers to your questions

See our FAQs below for more information about the prize draw.
For more details please see the T&Cs.
What is the £500,000 draw?

This December, for the Prize Savings Account monthly draw, we’re giving away £500,000 of tax-free1 prizes, and one lucky winner will take home the Grand Prize of £250,000.

Is it part of the Prize Savings Account?

Yes it is, we’ve been running the Prize Savings Account since 2022, this is just a special edition to celebrate the £500,000 prize pool. It’s the most we’ve ever given away; a truly life-changing sum of money.

What are the prizes for December?

In December there will be £500,000 of prizes;



  • 1x Grand Prize of £250,000;
  • 100x additional prizes of £1,000;
  • 5,000x additional prizes of £10;
  • 20,000x additional prizes of £5
How is the prize awarded if you win?

All prizes are tax free sums of ‘bonus money’ we pay directly to your Prize Savings Account. Chip does not provide tax advice, and tax treatment depends on individual circumstances and may be subject to change in the future.

How do you enter to win prizes?

Each month you will be entered into the prize draw provided you have an average balance of £100 or above in the Prize Savings Account. This gains you 10 entries.

Every full £10 of average balance over £100 = one entry.

The average balance you have on 11:59pm on the last day of the calendar month is what gets counted as your entries.

For the December draw (from 1 December) we are changing the minimum average balance requirement to £10.

How and when are the winners picked?

The draw will take place within five working days after entries close (the first five working days of the following month). Winners are selected using randomised draw software.

The Grand Prize winner will be paid within 5 working days of them accepting the prize, and we aim to pay ‘additional prize’ winners within the same timeframe, but it’s normally much quicker.

Where can I find more information?

See our Prize Savings Account webpage where you can find more information about the account, a comprehensive FAQ and full terms and conditions.

Still have questions?

Contact