We’re not just any savings account.

Competitive rates, monthly prizes and award-winning AI to help build your wealth. We’re doing savings differently.

Charges may apply for additional features.

FSCS covered

All the money deposited into our accounts is covered by the FSCS. To read more about how we keep your savings safe click here.

Withdraw at any time

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. 

Competitive rates

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.

Meet our savings accounts

We currently offer four savings accounts, all in one app.

Instant Access Account

Better returns today, not tomorrow.

Prize Savings Account

Make your savings exciting.

90-Day Notice Account

Resist temptation and get a higher rate.

Easy Access Account

With daily compounding interest.

Choose your account

How to choose the right savings account?

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. 


What are your
savings goals?

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. 


How often do you need access?

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.


How much do you want to save?

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.  


What are the features and benefits?

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). 

Save effortlessly with Chip

Build wealth automatically with savings plans.

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.

Types of savings accounts

What are the different types of savings accounts available through Chip?

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

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

Prize draw savings accounts

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

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

Easy-access savings accounts enable you to withdraw and deposit whenever you want free of penalties.

An award-winning savings app

Earn competitive savings rates with Chip.

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.

We're safe and secure

All our savings accounts are covered by FSCS.

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.

Easy App & Quick
"The app is very easy to use and depositing money into my Chip account is done in seconds without any hassle. Great place to invest my money!" Capital at risk.
Fantastic app for managing money!
"Chip has completely transformed how I manage my money. Within a year I had reached all my savings goals and I'm now growing my money through investments."
Great customer service
"Rare these days with banks, but when I contacted CHIP with an issue the response was very fast and the problem was immediately resolved. Well done and keep it up!"
Getting started

How to open a Chip savings account

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.

Find the 'Savings' tab

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.

Connect your bank

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.

Start saving!

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!

Invest in whisky

You can't really sell a decent single malt until it's at least 12 years old. And typically the longer whisky matures, the more valuable it gets. So as it matures, so could your investments.

Coming soon

What is the best savings interest rate?

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.

Savings interest rates are measured in AER (Annual Equivalent Rate)

This is simply a percentage rate that shows how much you’ll earn once compounding (earning interest on interest) is taken into account. 

Variable or fixed savings rates?

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).

How does Chip fight to get the best interest rate?

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.

Why do savings rates change?

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.

Build wealth your way.

Join over 500,000+ people building wealth with Chip.

Get Started
Scan this QR code to download Chip.

Our savings guides

4 min read

What is AER? Your Annual Equivalent Rate Guide

Know your APR from your AER, plus all about compound interest and much more, with this Chip guide.
3 min read

Personal Savings Allowance Guide

Learn how the personal savings allowance allows you to earn a certain amount of interest tax-free each year.
4 min read

Base Rate Guide

Learn what the Bank Rate is and how it influences the UK's financial landsscape
4 min read

Best Savings Accounts Interest Rates

Get the most out of your savings
3 min read

What is an instant access account?

Learn everything about what is an instant access account
3 min read

Open Banking Explained

Open Banking: What is it and how does it work?
3 min read

5 Easy Ways To Help Save Money

Saving money can be difficult, but it doesn't have to be.
3 min read

How Do Interest Rates Affect Inflation?

Interest rates and inflation are closely linked in the UK economy. This guide will tell you why.
4 min read

What are the Different Types of Savings Accounts?

In the UK, there are several different types of savings accounts available, each with its own unique features and benefits.
3 min read

What is a Savings Account?

A savings account can help grow your money. Here is how a savings account works, and how to open one.
4 min read

Interest Rates Explained

An interest rate lets you know how high the cost of borrowing is or the rewards for savings. Our interest rates guide covers everything you need to know.
4 min read

The 50/30/20 rule

The hardest part of planning for your financial future can be getting started… We give you a simple savings rule.
Get Started