The best easy-access savings rate. The top of the table. The cream of the crop. Numero uno. (FSCS protected too).

Chip is not your average boring savings account. We are always working hard to bring you the best savings rates and put market leading returns in the palm of your hand.

You just sit back and watch your money grow in savings accounts covered by the FSCS guarantee.

So, we are delighted to say we have negotiated the BEST easy access interest rate on the market for you. You won’t find this anywhere else.

It pays 0.70% interest, compounding.

To ensure everyone gets a slice of the action, we’re initially capping total deposits per person at £30,000, but if you’re a high roller, we may raise this cap soon.

How do we do it?

How the magic works...

We pool our savers money together and negotiate with banks like you’re all millionaires. 

Imagine, instead of waiting to see what banks offer, quietly scrolling through comparison websites, you kick down the bank’s door in a designer suit and say: 

“I have several million quid, what’s the best deal you can give me? I’ve been to the bank next door and they’re only offering 0.3%, but I don’t get out of bed for less than 0.7%!”

It’s less dramatic than this, but in a nutshell that’s what we’re doing for you, all the time. So whether you have £1 or £100,000 you’re getting the millionaire treatment. 

And what’s more, you don’t need to fill out any long boring forms, just open Chip and deposit in a few taps. 

But enough about us. Let’s talk about the main attraction. 

Easy access

Withdraw whenever you want.

With an easy access account you can withdraw your money whenever you like without penalty.

Daily compounding interest

We’re talking exponential growth.

The interest is paid every day (yes you can see it in the app), and it compounds.

This means you earn interest on interest, essentially exponential growth. Your money makes more money. Einstein called it “the eighth wonder of the world.”

However, bear in mind 0.70% is the annual interest rate. To get the daily rate our partner bank simply divides 0.70% by 365.

Covered by FSCS

Safety first.

This account is covered by FSCS, the highest protection you can get for your savings.

FSCS stands for the Financial Services Compensation Scheme, it’s a government initiative that guarantees the return of up to £85,000 of your savings - provided you’re eligible.

All eligible savings and bank accounts in the UK are covered by FSCS. Read more here.

Powered by Allica Bank

A specialist British business bank.

Allica Bank is mostly a business bank and you won’t find this account outside of Chip.

They’re a specialist bank that works with British small-medium enterprises, so your savings could be put to work creating your local independent coffee shops, florists, bakers, butchers (we’re not sure candlestick makers are still a thing), and giving the UK economy a general boost.

There’s more to come

You ain’t seen nothing yet.

We’ve got some more exciting savings accounts on the way. We’re negotiating with a few banks right now.

But we’re always working hard to bring you the best. One of our mantras is “we work hard, so one day, you don’t have to”.

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