Our memberships

Join the club.

Chip is free, but but you can upgrade to a ChipX membership anytime.

Chip is more than just a savings account.

A Chip membership means you'll always get amazing savings rates, or be able to effortlessly invest your money, all with no forms and no fuss.

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Here’s what you get with a FREE standard Chip membership...

FSCS-eligible savings accounts
Deposit between £1 and £85,000 in any of our savings accounts.
Amazing rates brought to you
We’re always negotiating with banks to bring you even better rates. No more switching banks and chasing rates!
Interest paid every single day
It compounds too!
Withdraw any time
Our Easy-Access accounts have unlimited penalty-free withdrawals.
Automatically build your savings
Our award-winning auto-saving technology can put aside money for you. The average Chip user saved an extra £3,000 in 2021.
Savings goals
Keep track and stay motivated as you build your savings.
Put your money to work with investments (GIA only)
Open a General Investment Account (GIA) and start seeking inflation busting returns. An annual platform fee of 0.5% (min. £1 per month) applies on invested money.
Basic investment funds
Highly diversified funds from the biggest asset manager in the world, BlackRock, as well as well-known index funds (FTSE 100 and S&P 500 Tech Fund). Fund manager charges apply (see these in app).
Chip AI
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Our standard membership, designed to automatically build up your savings.

Learn More
Everything in basic and...
Unlimited access to autosaving.
Deposit up to £30,000 into market-beating savings accounts.
Deposit an unlimited amount into our 3 core investments funds, with a 0.75% annual platform fee.
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What you get with a ChipX membership…

Everything from Chip
All of the awesome features from the standard Chip membership, plus...
All our investment funds
Our full range of investment funds managed by some of the biggest names in the business.
Stocks & Shares ISA
Tax-efficient returns from your investments.
(Tax treatment depends on individual circumstances.)
Ethical  and clean energy funds
Put your money to work and save the world.
Emerging markets fund
Invest in companies in some of the fastest developing nations in the world.
Innovative new funds
We’re adding new investment funds and products to Chip all the time. Like our new Crypto Companies fund.
Lower investment platform fee
There’s just a 0.25% annual platform fee for investing. One of the lowest in our industry.
Remember when investing your capital is at risk.

Frequently Asked Questions

What is the monthly cost of your app?

The standard Chip plan has no monthly cost, or subscription fees. ChipX is £3 every 28 days.

Is Chip free

Yes! The standard Chip plan has no monthly cost. Just note additional fees apply if you choose to invest.

What’s the total cost of investing through Chip

The investment platform fees vary depending on your plan.

Fees you will need to pay to invest with a free Chip membership:

• 0.5% annual platform fee, collected monthly (£1 minimum monthly fee).

Fees you will need to pay to invest on the ChipX plan:

• 0.25% annual platform fee, collected monthly (no minimum monthly fee).

We reserve the right to amend these fees with two months’ notice.

Please note additional fund management charges apply. These are charged directly by BlackRock and other fund managers (see About BlackRock) and you can find the charges in-app when you open a fund, and on the funds’ Key Investor Information Documents.

Are there any other fees?

No one likes hidden fees. So we do not charge any.

On occasion we may need to charge administrative fees, though we work hard to avoid charging these and most of our customers will never need to pay them.

About the old e-wallet admin fees
A £10 admin charge applies every 28 days if you have more than £0 in your old e-wallet. If you have more than £0 in your e-wallet, please withdraw it now to avoid these admin fees.

We are closing the old e-wallets and replacing them with savings accounts covered by the Financial Services Compensation Scheme (FSCS). As part of this process we need to charge an admin fee.

Everyone affected by this has already been informed. You cannot open an e-wallet or deposit more money in one, you can only withdraw.

You can read the full details in the formal notice here.

As of 25 January 2021:
• We need to charge a £10 administration fee every 28 days if you have more than £0 in your e-wallet.
• We will charge this fee directly from money in your e-wallet, including any accrued bonus, until the balance is £0.
• If the balance is under £10 we will charge whatever the balance in your e-wallet is.
• Once the balance reaches £0, we will close your e-wallet.
• You can easily avoid this fee by withdrawing your entire e-wallet balance.

How do I upgrade/downgrade?

You can downgrade, or upgrade your plan at any time.

Simply head to your profile tab, tap on ‘Your plan’, then ‘View plans’ and choose which plan you want to be on.

If you choose to downgrade from ChipX, you will stay on the ChipX plan until the end of your 28 day window.

In essence, you always get your money’s worth; if you paid £3 on the 3rd of the month, you’d stay on the plan until the 30th.

How/when am I charged the subscription fee for ChipX?

You will be charged on the first day you upgrade to ChipX, then in 28 day cycles starting from that day.

What's the Investment Platform fee?

The platform fee is what you pay to Chip so we can bring investment funds to you in an accessible and easy to manage account.

Platform fees are a standard charge across the industry, and all retail investment platforms and banks will have them. They take the form of an annual percentage on the value of your investments including any growth, but are charged on a monthly basis.

It’s called a platform fee because it’s what we charge to use our ‘platform’. Provided your balance in any investment fund is above £0.50, we will charge a platform fee (unless you're on ChipX where there's no minimum fee see below).

You will be able to see when a platform fee has been taken in your contract notes, and will have full visibility on the amount paid in your Quarterly Valuation Report.

You can read more about the costs of our Investment Platform here.

How do I switch between plans?

You can upgrade to a ChipX membership whenever you like, you’ll find a few prompts around the app, or you can head to your ‘Profile’ tab, and select your plan.

Full access to our investment platform comes with ChipX membership. While you can access our investment platform with a standard Chip membership, you’re limited to three funds.

You can also downgrade whenever you like, but you’ll need to make sure you have a £0 balance in all ChipX exclusive funds before you can downgrade.