Chip Instant Access Account
A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. FSCS eligible on your deposits.
Earn a 2.90% return paid monthly.
Deposit and withdraw almost instantly.
Get started with deposits as little as £1, up to £85,000.
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Scan this QR code to download Chip.
Join over 500,000+ people building real wealth today.
Chip Instant Access Account
A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. FSCS eligible on your deposits.
Earn a 3.00% return paid monthly.
Deposit and withdraw almost instantly.
Get started with deposits as little as £1, up to £250,000.
Scan this QR code to download Chip.
Join over 500,000+ people building real wealth today.
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See how much you could earn →
Better returns,
faster than the banks.
Starting with a highly competitive 3.00% return* on your deposits paid by Chip . We give you more for your money, effortlessly.
Forget waiting for annual payouts from high street banks rewarding you less than 1% - forget endlessly signing up to multiple banks, or trying to catch the latest flash deal that’s gone tomorrow.
Leave it to us - one app, one account, no fuss.
Why Chip Instant Access?
The Bank of England base rate is rising and the banks are seeing the benefits - but why aren’t you?
We have a solution - At Chip we’re not waiting around for the banks to raise interest rates. We’re doing things our own way and giving you a 3.00% return* on your deposits right now.
Better returns today,
not tomorrow.
We’re seeing rates for savers getting better but many banks on the high street aren’t passing them on. We think you deserve better.
We keep our eyes on the Bank of England.
High street banks are slow, relying on factors like lending to decide your returns - we don’t - so can be more reactive when the base rate changes.
Award winning
auto-saving tools.
Use our clever award-winning AI to effortlessly set up recurring deposits. Sit back and watch your money grow.
We’re trusted by over half a million people building real wealth.
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Powered by Clearbank, brought to you by Chip
Covered by FSCS
All money you deposit in the Chip Instant Access Account is held by the UK authorised bank ClearBank, and is eligible for the Financial Services Compensation Scheme (FSCS) up to £85,000* subject to the scheme’s conditions.
The account is instant-access so you can withdraw deposits at any time, and withdrawals will be back with you in just a few seconds.
Please note you are covered up to £85,000 per bank whether your deposits are made via Chip or not. Chip Instant Access is provided by UK authorised ClearBank Ltd, who also provision the Prize Savings Account. This means deposits held across both Chip Instant Access and the Chip Prize Savings Account would be eligible for a total of £85,000 of FSCS protection ONLY.
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How to sign up.
Start earning better returns today with Chip.
Open your Instant Access account.
Follow simple steps to connect your account. Then deposit or withdraw whenever you want.
Start saving and earning returns!
Once your first penny hits your account, you’ll start earning monthly returns.
Open your Instant Access account.
Follow simple steps to connect your account. Then deposit or withdraw whenever you want.
Start saving and earning returns!
Once your first penny hits your account, you’ll start earning monthly returns.
Open your Instant Access account.
Follow simple steps to connect your account. Then deposit or withdraw whenever you want.
Start saving and earning returns!
Once your first penny hits your account, you’ll start earning monthly returns.
Got a question?
Check out our most popular Instant Access FAQs here, or read our Chip Instant Access Terms and Chip Instant Access Terms (Clearbank)
Our new Chip Instant Access account is an instant-access savings account paying a 3.00% return* on your deposited funds which is applied monthly as a bonus. All with full FSCS protection on your deposits (subject to eligibility).
*The return is paid monthly as a bonus, not interest. The return is not FSCS protected. Chip is not a bank so we pay out your return as a bonus instead of interest. This also allows us to be more flexible with the return we offer.
Yes. There are no fees or charges for holding this account. Please see our pricing page for general fee information
The Chip Instant Access account pays a return, awarded as a bonus instead of traditional interest.
Your return is added as a bonus to your Chip Instant Access account and is shown in the app as “bonus”.
“Bonus” money is not cash, and is not the same as money you have deposited and is not covered by the Financial Services Compensation Scheme (FSCS). This is money Chip promises to pay you when you withdraw all the cash you’ve deposited from your account. Whilst you’ll be able to see bonus money as part of your balance, it is always the last money to be withdrawn from the account, it is only accessed after you withdraw all the money from your account and will not compound. Here is a summary of the key differences.
- Bonus does not compound (you don’t earn bonus on your bonus)
- Bonus is not the same as money you have deposited and is not covered by the Financial Services Compensation Scheme (FSCS)
- Bonus funds are only available to withdraw once your full cash balance has been withdrawn
- Bonus funds cannot be transferred to another Chip product
- See further information on bonuses in our terms
Yes, you can autosave directly into this account (Savings Plans settings can be found on the profile tab) and also perform manual saves at any time should you wish by selecting the account in the savings tab and tapping ‘deposit’. Saves into this account also count toward your in-app savings goals that you can set up in the ‘Goals’ tab. Please see our pricing plan page for further information.
Eligible deposits are protected under Financial Services Compensation Scheme up to £85,000*.
