Enter the £500K draw
To enter, scan the QR code to download the app.
or get a download link via email.
Oops! Something went wrong while submitting the form.
To enter, scan the QR code to download the app.
or get a download link via email.
Entries close 31 March
Deposit into our Prize Savings Account to earn entries into the March £500k draw.
T&Cs, eligibility criteria and minimum balance applies.
Entries close 31 March
Grand prize
£250,000
Total prizes paid
25,101
Total winners
11,104
"This is unbelievable! The money gives me options in terms of planning for the future. I’m going to pay off my mortgage.
My stepdaughter is getting married in April, so we can pay towards her wedding. We can help put my 16 year old through uni. Then I’ll invest a bit so I can retire early!
I’m proof real people win [with the Prize Savings Account]. I’ll be advocating for Chip even more than I did before."
Chip is trusted by over 400,000 people
Powered by ClearBank
All money deposited into the Prize Savings Account, and any of our other savings accounts, is held with ClearBank and is eligible for cover by the Financial Services Compensation Scheme (FSCS), subject to FSCS conditions2
Protect yourself with biometrics
Protection for your mobile device with biometric login. As an additional security layer all Chip users need to create a 6-digit PIN to access their app.
Bank-level encryption
Every connection to Chip is secured with bank-grade encryption and built on Open Banking technology – the regulated standard for seamlessly linking accounts.
We’ve got your back
Our systems continuously monitor for suspicious activity, helping keep your account protected from fraudsters.
Help when you need it
Our UK-based customer support team is just a message away, ready to help whenever you need it.
2The 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 £120,000 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 £120,000 of FSCS protection only.
This March, 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.
1Chip does not provide tax advice, and tax treatment depends on individual circumstances and may be subject to change in the future.
Yes it is, we’ve been running the Prize Savings Account since 2022 – but every quarter we run an extra-special draw, where we reward one Chip saver with a life-changing £250,000 Grand Prize.
Yes, our March prize draw is larger. There will be £500,000 of prizes:
All prizes are tax free sums of ‘bonus money’ we pay directly to your Prize Savings Account.
Each month you will be entered into the prize draw provided you have an average balance of £10 or above in the Prize Savings Account. This gains you 1 entry.
Every full £10 of average balance = 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.
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.
See our Prize Savings Account webpage where you can find more information about the account, a comprehensive FAQ and full terms and conditions.
