Offer at a glance

• Normally, for the Prize Savings Account monthly draw your entries are based off of your average balance at the end of the month.
• But we’re doing an especially large “£500k Draw” in March 2026 which you can also earn extra entries for. 
• We want to reward people who deposit early with extra entries. 
• So, if you deposit into your Prize Savings Account in January and February, your January and February entries will be added to your March 2026 entries as “extra entries” for the March “£500k” total draw for the Prize Savings Account.
• Simply deposit into your Prize Savings Account; 
  
  • between 1 January 2026 and 23:59 28 February 2026
  • your January and February entries will be added to your March 2026 entries as “extra entries” for the March 2026 prize draw.
  • You will be automatically included in this offer if you already qualify / have a balance (see “How to qualify” below). 

• You will see these entries reflected as “extra entries” on your in-app entry tracker (you can find this in your Prize Savings Account screen in app).
• “Extra entries” are distinct from your “normal entries” which are generated by your average balance. 

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Eligibility criteria (who you need to be)

You need to:

• be an active Chip user, with;
  
  • an open Prize Savings Account, and; 
  • hold an average balance of at least £10 in the Prize Savings Account as of 31 March 2026, and;
  • not have opted out of the monthly draws for the Prize Saving Account. 
• Meet the standard minimum eligibility criteria to enter the Prize Savings Account monthly draw without any extra entries applied - you can’t enter the draw based on extra entries alone. 

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Please note:

• Every full £10 of average balance = one entry.
  
  • Due to the average balance calculation, the minimum amount you need to deposit within a given month to secure one entry rises daily from £10 to a maximum of £310 as each month progresses. 
  • See the entry calculator on the Prize Savings Account homepage for more details.

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How to qualify (what you need to do)

If you don’t already have an open Prize Savings Account:

• Open a Prize savings account
• Deposit* into your Prize Savings Account;

• between 1 January 2026 and  23:59 28 February 2026

If you do already have an open Prize Savings Account (but had a balance under £10 as of 1 January 2026):

• Deposit* into your Prize Savings Account;
• between 1 January 2026 and 23:59 28 February 2026.

If you do already have an open Prize Savings Account (and your balance is over £10 as of 1 January 2026) :

• You don’t need to deposit more to qualify (provided you don’t withdraw), but;
• if you deposit* more between 1 January 2026 and 23:59 28 February 2026 you can further boost your entries for the March 2026 draw.

*You will need to deposit enough to get at least one entry. Please see the entry calculator on the Prize Savings Account homepage for more details.

 How and when you’ll be rewarded

• If you meet the standard minimum eligibility criteria and perform the qualifying actions outlined above  your January and February entries will be added to your March 2026 entries as “extra entries” for the March 2026 “£500k” draw for the Prize Savings Account.  

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• You will be able to see these displayed as “extra entries” in your in-app “Entry Tracker” for the March 2026 £500k Draw (which updates daily), these are distinct from your usual entries which are generated by your average balance. 

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• As covered in the terms above, you will lose all extra entries you accrue from this offer if your average balance in the Prize Savings Account is under £10 as of  31 March 2026.

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• If Chip has grounds to suspect any user, or associated third party of abusing the promotion in any capacity, Chip reserves the right (in its sole discretion) to disqualify any person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to award any bonus entries.

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