Sheridan
Content Manager
February 25, 2021

Double your deposit: make a save, win big.

Make a manual save between now and Monday, and you could have it doubled.

Have you been saving into another savings account? Have you still got your life savings hidden under your mattress? Now's the time to put it all on Chip green.

For five days only, we're giving one lucky Chip saver the chance to have their save doubled.

Make a manual save before noon Monday 1 March, and you could win big.

Deposit £500, and if you win, we'll transfer another £500 into your Chip account; transfer £2,000 and we’ll give you another £2,000 if you're picked. You get the idea.

This comes after our data team have seen an astronomic increase in the amounts saved manually saved into Chip, so we thought we'd reward you for it!

So far this February, Chip savers have manually deposited an average of £930.08, a massive 670% increase compared to £120.8 manually saved in February 2020.

Comparing January 2020 to January 2021, average monthly manual saves rose by 721% - up from £148.9 last year to £1,221.89 this January. 

Chip’s CEO, Simon, says:

We’re seeing a massive increase in manual contributions to savings. There’s a number of reasons for that. Firstly, this is a trend we’ve been seeing for the past year - as spending dropped due to the pandemic, people’s savings rose exponentially. 
“A large amount of these additional contributions to savings are being put into accounts offering returns. This signals that people are very focused on growing their finances. As more people have more savings, increasing numbers are waking up to the idea that they need to put their money to work. 
“So we’ve been working hard to deliver more products that can satisfy this appetite for returns, and we look forward to helping people not only automatically build up their savings, but also effortlessly grow them.”


So, feeling lucky?

Terms and conditions.

  • Competition opens noon Wednesday 24 February 2021, and will run until noon Monday 1 March 2021.
  • To be eligible, you must make a manual save of up to £5,000 into your Chip account before the competition closes.
  • Chip+1 account has a cap of £5000 per deposit.
  • Chip's instant access account has a cap of £1,000 per deposit.
  • There is no minimum deposit.
  • You can only make a maximum of three save attempts during a 24 hour period. Each manual save will count as one entry.
  • You can save into any of your Chip accounts.
  • ONE (1) winner will be selected on Monday 1 March 2021 using a randomiser.
  • The winner will be notified by email no later than EOD Tuesday 2 March, 2021.
  • The money will be deposited into the winner's account after we successfully contact the winner and confirm their details.

When investing your capital is at risk

Remember your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

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