Allica Bank - Easy Access

Start saving with Chip and earn a £20 bonus.

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Open your account in seconds

How to open

Start with this table-topping 0.7% easy-access rate.

1

Download Chip & sign up.

Download the Chip app on iOS or Android.

2

Open your account.

Find our 0.7% easy access account in your 'Accounts' tab on the app.

3

Deposit and earn daily interest.

It compounds too. Interest on interest. Exponential growth.

4

Start saving smarter.

Use Chip's award-winning automatic saving tech

FSCS eligible

Your money is eligible for FSCS

All money you deposit into this account is held in a segregated trust account with the UK authorised bank, Allica Bank, and is eligible for the government backed Financial Services Compensation Scheme (FSCS) up to £85,000.

Market leading

Earn market leading interest daily.

Deposit and earn interest daily, it compounds too. Interest on interest. Exponential growth.

Promotion terms and conditions

For a limited time, sign up to Chip with your exclusive promo code, and save at least £1 with Chip and you could be eligible for a £20 bonus.

This offer will be valid from 15/11/21 until 31/12/21.

How to redeem offer:

Download Chip and set up your new account
Enter your promo code
Save £1 into your Chip Savings account

To be eligible for the £20 bonus:

You must be a new customer to Chip and enter your promo code in the profile tab of the app and save at least £1 before 23:59pm on 31/12/21. **A new customer is defined as someone who has never previously held a Chip account**

You must keep your £1 saved in your Chip Savings Account and remain as an active Chip customer until at least the bonus date. The bonus date is 21/01/22. An active Chip customer is defined as someone who has an account balance greater than £1 and has not deleted the app.

You will need to be on our ChipAI or ChipX plan. For more information about Chip’s price plans, please see here.

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When will the £20 bonus be paid?

The £20 cash bonus will be paid into your Chip Savings Account.
The bonus will be paid on 21/01/22 .
You will be able to access the bonus by withdrawing the full balance from your Chip Savings Account.

Who are Chip?

Chip Financial Ltd is an Appointed Representative of P1 Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority, under Firm Reference Number 752005

Savings
Chip is a trading name of Chip Financial Limited. Chip is authorised by the Financial Conduct Authority under the Payment Service Regulations 2017, firm reference number no. 911255, for the provision of payment services.

Note that Chip is not a bank. We provide access to savings accounts with UK authorised partner banks and an e-money wallet with a UK authorised e-money provider.

Only the money held in our Interest Accounts and Chip+1 account is covered by the Financial Services Compensation Scheme (FSCS) for deposits. To find out more and to check your eligibility please visit: https://www.fscs.org.uk/about-us/
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Funds held in your e-money wallet are not covered by FSCS. This money is safeguarded with Prepaid Financial Services Limited.

Chip is an agent of Prepaid Financial Services Limited. Prepaid Financial Services is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, firm reference number 900036, for the issuance of electronic money and provision of payment services. Registered Office: Fifth Floor, Langham House, 302-308 Regent Street, London, W1B 3AT.
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Investments
‍For our Investment Platform business only Chip is an Appointed Representative of P1 Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority, under Firm Reference Number 752005.
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Your money may be protected up to £85,000 by the Financial Services Compensation Scheme (FSCS) under their Investment Scheme. This means that in the event Chip Financial Ltd is declared to be in default and cannot meet their obligations, you may be able to claim compensation. It’s important to understand that the FSCS doesn’t cover you in the event that your investments go down and you get back less than what you put in. Further information is available from the FSCS website (www.fscs.org.uk).

BlackRock® is a registered trademark of BlackRock, Inc. and its affiliates ("BlackRock") and is used under license. BlackRock makes no representations or warranties regarding the advisability of investing in any product or the use of any service offered by Chip Financial Limited. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of any product or service offered by Chip Financial Limited.
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Our registered office is: Chip Financial Ltd, 7 Bell Yard, London, WC2A 2JR