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.
Earn a 4.84% AER (variable) paid monthly.
Deposit and withdraw almost instantly.
Get started with deposits as little as £1, up to £250k
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).
4.10% AER (variable) paid monthly.
Withdraw with 90 days notice.
Bare trust account powered by OakNorth Bank.
1.10% AER (variable) paid daily.
Withdraw any time.
Bare trust account powered by Allica Bank.
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).
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.
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.
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!
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.
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.