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Savings accounts that grow with you.
Compare our savings accounts and find the right home for your money
Everything a savings account should be
Individual T&Cs and eligibility criteria apply for each of these accounts.
1Tax treatment depends on individual circumstances and may be subject to change in the future.
The right tools to plan your future.
Your wealth, all in one view
Grow your money on autopilot
Set your goals and make them happen
Why save with Chip?
Over 400,000 people use Chip to build their financial future. We've been voted Best Personal Finance App at the British Bank Awards four times — most recently in 2025 — and are one of the fastest-growing UK companies featured in the Sunday Times Tech 100.
Simple, and easy to automate
What is a savings account?
A savings account is a secure place to store money you don't need for daily spending. This can help your money grow over time while remaining accessible.
Savings accounts are usually used for building financial security, such as:
- Emergency funds (your "rainy day" buffer).
- Short-term goals like holidays or weddings.
- Big milestones like a home deposit.
How do savings accounts work?
A savings account earns you interest for storing money securely. It keeps your funds accessible while growing your balance away from daily spending accounts.
How is my money protected?
FSCS protection covers up to £120,000 per person, per bank, subject to eligibility. This means that if the bank were to fail, your eligible deposits would be protected up to that limit.
Any limits or fees to be aware of?
Savings accounts can differ in their terms, so it is important to understand how an account works before opening one. This can include any limits on withdrawals from the account or how and when interest is calculated and paid.
How to choose the right savings account.
When you’re deciding on the right account for your savings, there are a few things you need to consider before you open a new savings account.
What are your saving goals?
Match your saving style
Consider your financial timeline
Better rates, same protection
Trusted by over 400,000 people.
FSCS Protected
All money deposited through Chip into any savings account is eligible for cover by the Financial Services Compensation Scheme (FSCS), subject to conditions and £120,000 per bank limits.
Protect yourself with biometrics
Protection for your mobile device with biometric login. As an additional security layer all Chip users need to create a 6-digit PIN to access their app.
Bank-level encryption
Every connection to Chip is secured with bank-grade encryption and built on Open Banking technology – the regulated standard for seamlessly linking accounts.
We’ve got your back
Our systems continuously monitor for suspicious activity, helping keep your account protected from fraudsters.
Help when you need it
Our UK-based customer support team is just a message away, ready to help whenever you need it.
You are covered up to £120,000 per bank. The Chip Cash ISA, Chip Instant Access, Easy Access Saver and Chip Prize Savings Account are powered by ClearBank meaning deposits across these accounts and any other accounts held with ClearBank would be eligible for a total of £120,000 of FSCS protection only. Eligible deposits in the Smart Cash ISA are FSCS protected up to £120,000 per person, per institution.
Getting started is simple
Opening a savings account is easy, follow the steps below.
Download Chip
Find the ‘Savings’ tab
Connect your bank
Saving tools that put your goals in focus
Our simple saving calculators are designed to help you visualise your goals, make the right choices, and give you the numbers you need (without the maths degree).
Saving terms explained
Make sure you understand all the key saving terms when it comes to comparing and understanding how each of our savings accounts works.
AER (Annual Equivalent Rate)
The AER is the true rate of interest you'll earn on your savings over a year, taking into account how often the interest is paid and added to your balance (compounded).
It gives you a standardised way to compare different accounts, regardless of their specific interest payment schedule. A higher AER means your money will grow faster over the year.
Gross p.a. (Gross per annum)
The Gross p.a. rate is the headline interest rate paid on your savings before any income tax has been deducted from the earnings. It represents the simple, stated rate of return on your money.
The term 'per annum' (p.a.) confirms the rate is calculated annually, or over a period of one year.
Tax-free
A tax‑free savings account allows you to earn interest without paying UK income tax on it.
This means all the interest generated within the account is yours to keep, regardless of your Personal Savings Allowance. Tax‑free status applies to specific products such as ISAs, helping your savings grow more efficiently.
ISA (Individual Savings Account)
An ISA is a UK savings and investment wrapper that protects the interest, profits, and dividends you earn from income tax. You don’t pay tax on any returns generated within an ISA.
There is a maximum limit, or allowance, on the total amount you can contribute to all your ISAs each tax year.