Interest rate calculator.

Our helpful savings interest calculator lets you see how much interest you could earn when with your current interest rate.

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Interest rate calculator
You're in luck!
Your savings would be worth


You would earn


This calculator assumes the interest rate doesn’t change during this period of time and that no withdrawals have been made. The value of your savings will depend upon the rate available and your personal circumstances. This calculator has been created for illustrative purposes. Remember, it’s always important to do your own research when choosing the right savings account for your needs and financial situation.
Chip Cash ISA
5.10% AER

You would save - more with Chip.

Open a free account
5.10% AER (variable tracker) paid monthly.
Deposit and withdraw instantly.
Earn interest monthly, tax free.

How do interest rates work?

Interest rates with an easy-access account show how much money you could earn depending on the balance of your account. Usually, every month, the account provider will pay you a percentage of interest on your account balance.

The interest rate is usually calculated on an annual basis and tends to be added to your account either monthly, quarterly, or annually, depending on the account terms. Naturally, the higher the interest rate, the more your money will grow over time and add more to your savings. Learn about interest rates.

How does compound interest work?

Compound interest involves adding interest to the initial saved amount, allowing you to earn interest on the increased total.

For instance, if you have £1,000 saved and receive £3.71 in interest after it's paid at the end of the month, subsequent interest calculations will be based on £1,003.71. This compounding effect leads to exponential growth in your savings over time.

What is the Chip Instant Access Account?

The Chip Instant Access Account gives you instant deposits and withdrawals, regularly updates the interest rate paid based on the market, and has FSCS protection up to £85,000.

You can deposit up to £250,000 and earn interest on the full amount. Chip offers this instant access account through a dedicated, savings app. This allows you to access AI-powered auto-saving tools, setting up autosaves and recurring saves to save money automatically. Learn more how saving with Chip works.

What we offer

Meet our savings accounts.

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

Chip Instant Access
4.84% AER
4.84 AER (variable tracker).
Deposit and withdraw instantly.
Deposit up to £250,000.
Our Instant Access Account
Chip Cash ISA
5.10% AER
Build your wealth tax-free
Deposit and withdraw instantly.
Earn interest monthly, tax free.
Our Cash ISA
Chip Prize Savings Account
£62k prizes
Win a share of £62.5k in prizes each month.
Access your money anytime.
Your money is FSCS protected.
Our Prize Savings Account