Boosted Rate FAQs
Chip Instant Access Account boosted rate promo (for new users)
I saw the promotion on MSE, but I don't know how to get it. How can I unlock the boosted rate?
- If you are a new customer you can get the boosted rate by entering your email address on the web page and following the steps on the page (listed below for details), OR by entering a promo code within 7 days of signing up to Chip. Please note that minimum balance and eligibility criteria apply.
- If you are an existing customer, you can get a boosted rate by successfully referring a friend.
- If you are an existing customer, you can get a boosted rate by successfully referring a friend.
How do I qualify for the boosted rate on the Chip Instant Access (CIA) account?
To qualify for the boosted rate as a new Chip customer, you need to;
i. be a new Chip customer (without an existing account), and;
ii. Enter your email address in the promotion webpage, and;
iii. Download Chip and create an account using the same email address (within 7 days of entering it on the webpage);
iv. open a Chip Instant Access account and;
v. deposit a minimum of £1, which;
vi. must be held for 1 day, then;
vii. Your boosted rate will be applied automatically.
viii. If you did not enter your email address on the webpage on step ii, you can still access the boosted rate by entering promo code “CHIP-CIA017" in the app within 7 days of signing up for Chip.
To qualify for the boosted rate as an existing Chip customer, you need to;
i. Successfully refer a friend to Chip.
When does the boosted rate start applying to my Chip Instant Access account?
The boosted rate starts applying to your Chip Instant Access account one day after you meet the deposit requirement of £1, and it lasts for 365 days.
What is the boosted rate for the Chip Instant Access account?
The boosted rate is 5.01% AER variable, which is +0.17% higher than the standard rate.
How do I access the boosted rate promo?
By visiting this landing page, click on the "Unlock Boost" button to be directed to the promo landing page. From there, just enter your email address and follow the instructions to download the Chip app and register for an account.
Can existing Chip users get the same rate boost?
Yes, existing Chip users can get the same rate boost by successfully referring a friend. They should follow the referral flow within the app to unlock the boosted Chip Instant Access rate for themselves.
What happens if I don't submit my email on the Chip Instant Access webpage?
If you don't submit your email on the Chip Instant Access webpage before signing up in the Chip app, you won’t automatically receive your boosted rate.
However, you can still access the promotion if you download Chip and register for an account. Provided you have subscribed to marketing, you'll receive an email welcoming you to Chip which will feature your exclusive promo code. Just enter this into the app within 7 days of signing up to unlock the boosted rate.
However, you can still access the promotion if you download Chip and register for an account. Provided you have subscribed to marketing, you'll receive an email welcoming you to Chip which will feature your exclusive promo code. Just enter this into the app within 7 days of signing up to unlock the boosted rate.
Is there a promo code I need to enter to access the boosted rate?
You only need to use a promo code if you didn't submit your email on the Chip Instant Access webpage before downloading the app and registering for a Chip account.
If you didn’t enter your email on the page, you'll need to enter the promo code "CHIP-CIA017 '' into the Profile > Promo section of the app within 7 days of signing up for Chip to unlock the boosted rate.
If you didn’t enter your email on the page, you'll need to enter the promo code "CHIP-CIA017 '' into the Profile > Promo section of the app within 7 days of signing up for Chip to unlock the boosted rate.
What are the terms and conditions for the new user boosted rate?
You can find the terms and conditions for the new user boosted rate here.
What are the terms and conditions for the existing user referral boosted rate?
You can find the terms and conditions for the existing user referral boosted rate here.
How long does it take for the boosted rate to apply to my Chip Instant Access account after registering for Chip?
The boosted rate applies to your Chip Instant Access account the day after you deposit and hold at least £1 and lasts for 365 days from that point onward.