Boosted Rate FAQs
This is a limited time promotion. You must qualify between 16 September and 23:59 22 September 2024, and you can get a boosted interest rate of 0.28% AER on top of your Chip Cash ISA’s standard rate for 365 days from 23rd September 2024, provided you enter a promo code and meet the eligibility criteria.
Find the Cash ISA Promo T&Cs here.
This is a limited promotion between 16 September and 23:59 22 September 2024, where you can get a boosted interest rate of 0.28% AER on top of your Chip Cash ISA’s standard rate for 365 days from 23 September 2024, provided you enter a promo code and meet the eligibility criteria.
You need to:
Be a new Chip customer;
Download the Chip app;
Enter the promo code within 14 days of downloading;
Open a Chip Cash ISA;
Deposit and hold a balance of at least £1;
Before 23:59 on 22 September 2024.
A new customer is someone who has never previously held a Chip account.
Download the Chip app;
Set up your account;
Go to Profile > Promos & Referrals > Enter a code (before 22 September 2024).
Then, open a Chip Cash ISA and deposit and hold a balance of at least £1 before 22 September 2024.
The boosted rate will be applied from 23 September 2024 for a duration of 365 days, provided you meet all eligibility requirements.
The 0.28% AER boost is added to your existing Chip Cash ISA AER interest rate. The boosted rate will be applied daily to your balance and the interest will be paid monthly.
If the underlying Chip Cash ISA rate changes, your AER will also change accordingly, however your 0.28% boost will remain the same.
Example:
The underlying rate is currently 4.84%, your boost takes your AER to 5.12% (4.84% + 0.28%).
If the underlying rate drops to 4.49%, your boost takes your AER to 4.66% (4.49% + 0.28%).
The interest earned from the boosted rate is paid monthly as part of your regular monthly interest payment, which occurs on the 4th business day of each month.
After 365 days, your interest rate will revert to the basic Chip Cash ISA interest rate.
Yes, you must be using at least version 4.56.0 of the Chip app to participate in the promotion.
You have until 23:59 on 22 September 2024 to enter the promo code to qualify for the boosted rate (provided you meet the other eligibility criteria).
No, you must enter the promo code by 23:59 on 22 September 2024 to qualify for the boosted rate.
Yes, you must deposit and hold at least £1 into your Chip Cash ISA by 23:59 on 22 September 2024.
No. Pending transfers do not count towards the minimum £1 balance. To qualify for the boosted rate you will need to deposit and hold a minimum balance of at least £1 in your Cash ISA before 23:59 22 September 2024.
To qualify for the boost you need to deposit at least and hold a balance of at least £1 before 23:59 on 22 September 2024, if your balance is under £1 on this date, you will not be eligible for the boost.
Withdrawing money does not disqualify you, but the boosted rate only applies to the balance you hold in your Chip Cash ISA each day.
No, the promotion code can only be used once per new customer.
If you encounter any issues, you should contact Chip customer support for assistance. You can reach out to our support team via the in-app chat (which can be found in the Contact us section on the Profile tab) or via email at hello@getchip.uk
No, the promotion is only available to new Chip customers who have never previously held a Chip account.
You can find more information about the eligibility requirements for a Chip account in Section 4 of Chip's Terms of Use.
Yes, Chip reserves the right to disqualify any participant or promo code if there is any suspicion of deception, fraudulent activity, or abuse of the promotion. Chip also reserves the right to modify or terminate the Boosted Rate Promotion at any time without notice.