Open banking
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
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
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
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
You can now automatically save a bit more on on the day you get paid. Read more here.
Launched our first interest account
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
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
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
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
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.
Chip+1 account (1.25% bonus)
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.
Auto-saving into other accounts
Choose to autosave to other accounts, so your savings can earn interest and bonus.
ChipLite and ChipAI
Chip is introducing two different plans: ChipLite and ChipAI. ChipLite will be free of charge and will enable you to save and access Interest Accounts. ChipAI will enable you to access automatic saves, better returns and investment products.
Onboarding enhancements and 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.