Help shape the product. Become a Chipmunk.
Exclusive insights
New competitions
Free goodies
VIP early access
An email is on its way... 🚀
.gif)
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!
We’ve already shipped many new features and improvements so far this year! See what great work our team has put together.
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.
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.
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.
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.
You can now automatically save a bit more on on the day you get paid. Read more here.
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.
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.
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.
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.
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!
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.
Our market leading savings account paying a 1.25% p.a. bonus to savers. (Now closed to new customers).
Choose to autosave to other accounts, so your savings can earn interest and bonus.
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.
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.
Our engineers are hard at work developing these exciting improvements right now!
Tax wrappers that enable the returns on savings and investments to be exempt from tax.
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.
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!
We are constantly negotiating the best rates with multiple partner banks. We are currently working on bringing you additional easy access and notice accounts.
Earn badges and rewards for achieving goals and saving milestones.
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.
These are currently with our design and commercial teams as they transform from ideas into solid plans.
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.
Round-up your autosaves to the nearest ÂŁ5 or ÂŁ10 to help you save more.
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.
Seamlessly transfer your savings across your Chip accounts to optimise your returns.
Learn more about your saving patterns and see how you can maximise your savings.
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.
Consolidate and manage your pensions in Chip, so you can plan your long term savings too.
Automatically get the best deals on life insurance.
Move your savings to where you want them and seamlessly switch between banks.
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."
Exclusive insights
New competitions
Free goodies
VIP early access
