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One Spring Draw. Three prize options.
Building wealth takes years, so we've made the wait more interesting. Save with Chip for the chance to win a life-changing prize.
18+ UK tax residents only. T&Cs, eligibility criteria and £1,000 minimum balance in eligible accounts apply. Earn draw entries from 1 April to 31 May 2026.
The Spring Draw is offered and managed by Chip Financial (Investments) Ltd on its own behalf and on behalf of Chip Financial Limited.
The Spring Draw is now live.
Each day across April and May, for every qualifying £1,000 you hold in an eligible Chip account¹, you’ll earn an entry into the draw – money held in the Prize Savings Account gets you double entries.
One winner will choose between: seven nights on a superyacht (worth £250,000+), up to £200,000 towards their mortgage, or £10,000 a month for a year.
18+ UK tax resident & app only. See full T&Cs. Eligibility criteria and £1,000 minimum balance in eligible accounts apply. Earn draw entries from 1 April to 31 May 2026.
1Eligible accounts include: The Prize Savings Account, Chip Instant Access Account, Chip Easy Access Account and Chip Cash ISA, which are provided by Chip Financial Limited and powered by ClearBank.
The Smart Cash ISA, General Investment Account and Stocks & Shares ISA are provided by Chip Financial (Investments) Limited. When investing your capital is at risk.The Spring Draw is offered and managed by Chip Financial (Investments) Ltd on its own behalf and on behalf of Chip Financial Limited.
Ten lucky Chip members will also win a five-figure travel credit to redeem with Flightgift.
Spread it across multiple journeys with a companion, or keep it all to yourself and book an unforgettable first-class trip. Champagne before take-off. Lie-flat beds at 35,000 feet. And that dream destination? Finally ticked off the bucket list.
Who are Chip?
We’re a London-based wealth app started by co-founders Simon Rabin and Alex Latham in 2017.
Unlike most fintech companies, Chip was crowdfunded by tens of thousands of ordinary people, not big institutions.
Real investors backing an idea: that building wealth shouldn’t be reserved for the few. Today, over 400,000 people use Chip to save and invest, trusting the app with over £6 billion of their money.
And we’re on a mission to make building wealth unbelievably rewarding.
Our Accounts
Savings
Smart Cash ISA
Savings
Instant Access Account
Savings
Prize Savings Account
Savings
Easy Access Account
Investing
Stocks & Shares ISA
Individual T&Cs and eligibility criteria apply for each of these accounts. Charges may apply for certain app features and products.
Tax treatment depends on individual circumstances and may be subject to change in the future. With investments, your capital is at risk.
How to open your account
We've made it easy to get started with all our savings accounts.
No forms or fuss, open your ISA in just a few minutes.
How to become eligible for Spring Draw
If you’re new to Chip, follow the simple steps below to start earning entries.
- Download the Chip app
- Open an eligible account (Prize Savings Account, Chip Cash ISA, Smart Cash ISA, Chip Instant Access Account, Easy Access Saver Account, Stocks & Shares ISA or General Investment Account). When investing your capital is at risk.
- Make a qualifying deposit of at least £1,000 into or across any of the above accounts
- You will earn one entry per day for every qualifying £1,000 across eligible accounts. Every qualifying £1,000 held in the Prize Savings Account earns two entries.
How Spring Draw entries are awarded
Every night at midnight, we take a snapshot of your eligible balance and award entries for that day based on your net deposits.In short:
- The higher your eligible balance, the more entries you’ll get.
- Keep that balance, and you’ll earn the same amount of entries again the next day.
- If you withdraw money, you keep every entry you have already earned for the draw. However, a withdrawal will reduce your balance, which may lower the number of new entries you earn from that point forward.
During the qualifying period we use "net deposits" to calculate draw entries.
If you deposit more than you withdraw during the qualifying period, your Net Deposits increase.
If you withdraw more than you deposit, this results in a "Net Withdrawal," which reduces your eligible balance for future daily entries.
If you choose to sell down your investments this will update your Eligible Balance using the same calculation we use for your Annual Valuation Statement.
We look at the original price you paid for your investment and compare this to how your investment's unit price has changed to ensure that original capital is accounted for proportionately towards the “net deposits” in your entries.
18+ UK tax residents only. T&Cs, eligibility criteria and £1,000 minimum balance in eligible accounts apply. Earn draw entries from 1 April to 31 May 2026. The Spring Draw is offered and managed by Chip Financial (Investments) Ltd on its own behalf and on behalf of Chip Financial Limited.
The Prize Savings Account, Chip Instant Access Account, Chip Easy Access Account and Chip Cash ISA are provided by Chip Financial Limited and powered by ClearBank.
The Smart Cash ISA, General Investment Account and Stocks & Shares ISA are provided by Chip Financial (Investments) Limited. When investing your capital is at risk.
Spring draw FAQs
The Spring Draw is a prize draw operated by Chip Financial (Investments) Limited on behalf of itself and Chip Financial Limited, giving members the chance to win a Grand Prize and one of 10 prizes of £10,000 Flight Vouchers by holding a balance of at least £1,000 in Eligible Accounts during the draw period.
There is one Grand Prize where the winner chooses one of the following:
- £250k+ superyacht experience.
- £10,000 a month for 12 months.
- Up to £200,000 to pay down an existing mortgage or towards a new property or mortgage.
There are also 10 prizes of £10,000 flight vouchers.
The Prize Draw will take place on 3 June 2026. The draw period for accruing entries runs from 00:00 on 1 April 2026 to 23:59 on 31 May 2026.
Entry is automatic if you hold a total balance of at least £1,000 in either one or across multiple ‘Eligible Accounts’.
- Existing members with £1,000+: You are entered automatically at the start of the draw period.
- Existing members with less than £1,000: You must make net deposits to bring your balance across Eligible Accounts to at least £1,000 before 23:59 on 31 May 2026.
- New members: You must download the app, open an Eligible Account, and make a settled net deposit of at least £1,000 before 23:59 on 31 May 2026.
Entries are calculated daily based on your "Eligible Balance" (Opening Balance + settled net deposits - withdrawals).
- Prize Savings Account: 2 entries for every full £1,000 held daily.
- All other accounts: 1 entry for every full £1,000 held daily.
Total entries are the sum of these "Daily Accrued Entries" across the draw period.