Chip's product roadmap 2021/22

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

After a strong 2020/21 which saw us increase deposits by 548%, bring in hundreds of thousands of new users, and launch the market's best easy access savings rate, we're not slowing down with lots of new exciting things in the pipeline.

🚢 What’s live (2021)?

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

Launched the UK's best easy access account

Returns

We are always working hard to negotiate with banks to bring you the best savings rates and put market leading returns in the palm of your hand. In September 2021 we launched the UK's best rate on easy access savings. Read more here.

Choose which account you want to auto-save into

Save AI
Returns

You can now autosave into multiple savings accounts, so you can make sure you're automatically building savings in the account with the best rates.

ChipX

Save AI
Returns
ChipX

We launched our returns engine, ChipX, which enables you to level up your savings with our full suite of investment funds.

Stocks & Shares ISAs

Returns
ChipX

As part of our work on ChipX and investment funds wrappers that enable the returns on savings and investments to be exempt from tax.

Investment funds with BlackRock

Returns
ChipX
Growth

We offer a number of funds with different risk profiles where our saves can easily invest at the tap of a button.

All new deposits are now covered by FSCS

App improvements

We said goodbye to our old e-wallets and replaced them with savings accounts powered by UK authorised banks, where money is eligible for the Financial Services Compensation Scheme.

New payment provider

App improvements

We've just added a new payment provider which makes it much more efficient for us to move your money in and out of Chip, and also opens the potential for new exciting features, like a G-pay integration.

Customer statements

App improvements

You can now find full statements in Chip that you can download as a PDF and keep for your records.

⚒️ In development

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

Transferring money between accounts

Returns
App improvements

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

Additional market leading savings 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.

Blockchain fund

Returns
ChipX

We're bringing a new investment fund to Chip, which invests in companies involved in the burgeoning blockchain and crypto currency industries.

Automated saving into investments

App improvements

You will soon be able to send your auto-saves directly into your investment funds, allowing you to automatically build your investments.

Personalised comms and notifications

App improvements
Growth

We are about to improve the messages that Chip sends to you, to make sure it's much more relevant to you.

Onboarding enhancements and improvements

Growth
App improvements

We want to make it much easier for new people to get started with Chip, streamlining the steps new customers need to go through to get started.

🔮 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.

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.

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.

Native Crypto Investing

Returns
ChipX

We're investigating adding more asset classes to our platform for those with higher risk/return appetities, such as crypto assets.


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
VP of Product

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