Chip's roadmap 2020/21

What we've done already, and what we're going to do next.

Despite everything 2020 has thrown at us, Chip has gone from strength to strength. We're smashing all our targets and brought you some market-leading features ahead of schedule!

🚢 What’s live (2020)?

We’ve already shipped many new features and improvements so far this year! See what great work our team has put together.

Open banking

Save AI

We’re now making the most of the Open Banking technology, which means your automatic saves should become practically perfect in every way. Read more here.

Save Streaks

Save AI

See how long you've gone without skipping a save, as a nice little feature to keep your eyes on the saving prize. Read more here.

New home feed

App improvements

We redesigned the home feed you see when you open Chip, so it's easier to keep track of saving and check up on Chip at a glance. Read more here.

Goals personalisation

Save AI
Growth

You can now add your image to your goals in Chip, as an extra little incentive to help you stay motivated. Read all about it here.

Payday Put Away

Save AI

You can now automatically save a bit more on on the day you get paid. Read more here.

Launched our first interest account

Returns

Chip savers now have access to savings accounts with market-leading interest and FSCS eligibility at the tap of a button. We rolled these out to our 11,000 investors first, followed by our 20,000 strong Chipmunk community. Read more here.

AI 2.0

Save AI

The data that comes with Open Banking enables us to build on and enhance the machine learning behind our auto-saves, so Chip can learn from your spending habits and intelligently adjust your automatic saves. If you skip or adjust saves, Chip will learn from that and tailor your future saves. Read more here.

Full FCA authorisation

Chip is now fully authorised by the Financial Conduct Authority (FCA) for the provision of payment services. A major step on our journey to be the world's best and biggest savings app.

Deconstruction of monolith & building of micro services

App improvements

This was a monumental task by our engineering team to rebuild our monolithic codebase and replace it with microservice architecture. This essentially makes maintenance and building new features much easier in the future.

Improvements in security and reliability

App improvements

Our team work tirelessly to keep Chip completely safe and stay one step ahead of fraudsters. This year we've enhanced our security checks, anti-money laundering and anti-fraud measures. But we can't go into more detail for obvious reasons!

New website

Growth

We've rebuilt our website and blog, to make it easier to keep up to date with the latest Chip news and explain how Chip works.

Onboarding enhancements and improvements

Growth
App improvements

It's now much more streamlined and friendly for new savers to get started with Chip. We've added a few tutorials to the app and slowed down the welcome save following some user testing.

⚒️ In development

Our engineers are hard at work developing these exciting improvements right now!

ChipX (£85,000)

Save AI
Returns
ChipX

Access smarter savings and deposit larger sums of money into Interest Accounts to make the most out of your savings with our first version of ChipX.

Auto-saving into interest accounts

Save AI
Returns

Choose to autosave to your Interest Account, so your savings can earn interest and bonus.

Chip+1 account (1.25% bonus)

Returns
Growth

You will be able to invite a friend by sharing your VIP Pass, and both you and your friend will gain exclusive access to our new Chip+1 account and earn 1.25% bonus.

📅 Next up into development

The product team are working on user-testing and scoping these out so they're ready to be handed over to the development team. Keep an eye out to see when these move into development!

Chip Free / Chip Standard / ChipX

Save AI
Returns
ChipX

Chip is introducing three different plans: Chip basic, Chip standard and ChipX. Chip basic will be free of charge and will enable you to save and access Interest Accounts. Chip standard plan and ChipX will enable you to access smarter saves, better returns and investment products.

ChipX (Core investment funds)

Returns
ChipX
Growth

We will offer a number of passive funds with different risk profiles where our savers will be able to easily invest at the tap of a button.

✏️ In design

These are currently with our design and commercial teams as they transform from ideas into solid plans.

Swipe to round-up

Save AI
App improvements

Round-up your autosaves to the nearest £5 or £10 to help you save more.

Faster payments

Returns
ChipX
App improvements

Deposit money instantly into Chip from your bank account using Open Banking technologies. These types of payments are instant and super secure meaning you can move your funds immediately.

Additional FSCS interest accounts

Returns
ChipX

We are constantly negotiating the best rates with multiple partner banks. We are currently working on bringing you additional easy access and notice accounts.

Income auto-detection

Save AI
App improvements

Chip's AI can detect you salary and other sources of income and automatically save a percentage into your Chip account to help you effortlessly save more money.

Transferring funds between accounts

Returns
App improvements

Seamlessly transfer your savings across your Chip accounts to optimise your returns.

Saving badges and achievements

Growth
App improvements

Earn badges and rewards for achieving goals and saving milestones.

Saving insights

Save AI
ChipX

Learn more about your saving patterns and see how you can maximise your savings.

🔮 Scoping for the future

These are ideas that are currently being researched by our product and commercial teams, with business cases being presented to the board and steering groups.

ISAs

Returns
ChipX

Tax wrappers that enable the returns on savings and investments to be exempt from tax.

Pension management

Returns
ChipX

Consolidate and manage your pensions in Chip, so you can plan your long term savings too.

Automatic insurance products

ChipX
App improvements

Automatically get the best deals on life insurance.

Connecting multiple personal bank accounts

App improvements

Move your savings to where you want them and seamlessly switch between banks.

Saving streak bonus

Save AI
Returns

Earn a bonus for the longer you go without skipping a save. A radical way to earn returns for saving up, not just on the money you've already saved.


How we work


"At Chip we use an agile and iterative approach to deliver new products for our users. We listen to our users' feedback, monitor and analyse the fintech market and observe how users interact with the app to help us identify new products and opportunities to further satisfy our customers needs.

"Our cross functional teams, composed of designers, developers, marketeers etc... come together to build, test and release these new exciting products as quickly as possible.

"This approach is super important because it enables us to go to market with new products rapidly and get as much feedback as possible from our users. We then use this feedback to iterate the initial product accordingly to refine it to exactly what our users want and need."


Corinna Lamberti
Product Manager

Help shape the product. Become a Chipmunk.

Way better than being nominated for an Oscar if you ask us. Get involved with our community and have your say on the future of Chip.

Exclusive insights

New competitions

Free goodies

VIP early access

An email is on its way... 🚀
Oops! Something went wrong while submitting the form.

Join 250,000+ people. Get Chip today.

Save effortlessly.
Get Chip today.

Start saving for the things you *really* want to do.