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4.5 rating 13,419 reviews
Competitive rates, monthly prizes and award-winning AI to help build your wealth. We’re doing savings differently.
Charges may apply for additional features.
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All the money deposited into our accounts is covered by the FSCS. To read more about how we keep your savings safe click here.
You can easily request a withdrawal from any Chip Savings Account with the tap of a button. We allow you to withdraw as many times as you like with no fees, penalties or reduction in your interest rate.
We know you've got better things to do than downloading more apps, filling out applications and scrolling comparison sites. We keep our eyes on the market to make sure you’re always getting an amazing rate on your savings.
We currently offer four savings accounts, all in one app.
Better returns today, not tomorrow.
Earn a 4.84% AER (variable) paid monthly.
Deposit and withdraw almost instantly.
Get started with deposits as little as £1, up to £250k
Make your savings exciting.
Win a share of £75k prizes each month.
The more you deposit, the more entries you have.
Save up to £85,000 FSCS protected (subject to eligibility).
Resist temptation and get a higher rate.
4.10% AER (variable) paid monthly.
Withdraw with 90 days notice.
Bare trust account powered by OakNorth Bank.
With daily compounding interest.
1.10% AER (variable) paid daily.
Withdraw any time.
Bare trust account powered by Allica Bank.
When you’re deciding on a home for your savings, there are a few things you need to consider before you open a new savings account. Think about what you want to achieve and how you want to get there.
Consider what you're saving for and how you want to get to your specific goal. For example a short-term goal such as a holiday requires a different strategy to your long-term goals, such as retirement. Choose a savings account to reflect that.
If you’re saving for something like an emergency fund, it’s important to go for a savings account that gives you immediate access to your money. If your goal is in the future than a notice account allows you to lock some money away and avoid the temptation to spend.
Some easy-access accounts offer a competitive rate, but only allow a set amount of withdrawals per year for you to keep it. With our Chip Instant Access Account, there no penalties or reduction in your interest rate for withdrawing.
When choosing a savings account you want the peace of mind that your money is protected should the worst happen. Check that your savings account is guaranteed by the Financial Services Compensation Scheme (FSCS). All Chip savings accounts are covered by the FSCS (subject to eligibility).
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All our savings accounts work with our Savings Plans, so you can automatically build your savings without thinking about it. Our savings app is designed to help build your wealth.
You can use both our award-winning Auto-Saving technology and our new Recurring Saves feature to build fully customised savings plans. Charges may apply - read more on our pricing page.
A savings account is a type of bank account where you can deposit your money and earn interest on your savings over time.
It’s a safe and convenient way to keep your money and watch it grow. How does saving with Chip work?
Instant-access savings accounts enable you to not only withdraw whenever you want, but also have your money arrive back into your current account near instantly. Chip Instant Access Account
These are accounts that offer regular prize payouts instead of interest, where by depositing you get entered into a prize draw to win a large cash lump sum. Chip Prize Savings Account.
T&Cs and minimum average balances apply.
Notice savings accounts require advance notice before you withdraw any of your money. Typically 30, 60 or 90 days, but it can be longer. Chip 90 Day Notice Account
Easy-access savings accounts enable you to withdraw and deposit whenever you want free of penalties.
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Chip is a savings app that’s always looking to give you better savings rates. With our intelligent automatic saving tools and plans, we’re here to help grow your savings. Learn how to save with Chip.
You can download and begin saving with our market-leading savings account for free today. Begin building your wealth effortlessly with Chip all through our savings app. Charges may apply.
All our savings accounts are provided by UK authorised banks and any money deposited in them is eligible for the Financial Services Compensation Scheme (FSCS), where the government guarantees the return of up to £85,000.
We’ve made it easy to start building wealth with our savings accounts. There’s no forms or fuss and you can get started in just a few minutes, download the app via Google Play or App Store.
On the ‘Savings’ tab of your Chip app, you can choose from a range of savings accounts offering great interests rates and chances to win big prizes.
In order to make near instant saves and withdrawals, you just need to connect your bank. Follow the simple steps to add your account in a few taps.
Make your first deposit via bank transfer, from your Chip savings accounts, debit card or Apple/Google pay and that’s it. Your account is open!
Short answer: it depends. Obviously the higher the rate, the better. But interest rates vary between different accounts. Learn more about interest rates.
If your savings are just sitting in your current account or in a low interest savings account with your bank, you could be getting a lot more for your money elsewhere.
At Chip we’re always fighting to bring you competitive rates and our team directly negotiates with banks so you don’t have to. Sit back and let our savings app do the work for you.
This is simply a percentage rate that shows how much you’ll earn once compounding (earning interest on interest) is taken into account.
Banks might offer an account with a fixed interest rate, or a variable interest rate that they can change at their discretion.
The advantage of a fixed rate is obviously it won’t change, but you can't withdraw until the fixed term has ended. You should only open a Fixed Term Account when you have enough money to cover emergencies in an instant access account.
A bank can change a variable rate whenever they want (usually with a month’s notice).
We pool your money with all Chip customers, so we negotiate with banks on your behalf, effectively enabling you to be treated like someone with hundreds of millions in the bank. Only for Flagstone products.
Savings interest rates broadly follow the Bank of England’s Base Rate of Interest, which is a rate the UK’s central bank moves to influence the economy.
Generally when inflation is low and they want to stimulate the economy, the rate is lower, when inflation is high and they want to slow it down, the rate is higher.
But savings rates are also influenced by the market and banks competing with each other for customers.
Join over 500,000+ people building wealth with Chip.
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