[Name], meet Meet WealthScore.
A unique measure of how your habits are setting you on the path to build long-term wealth.
Better habits build real wealth.
Diversify your portfolio
Open more accounts to avoid putting all your eggs in one basket.
Make a deposit
Regular deposits make for meaningful, sustainable growth.
Automate it
Explore Saving Tools and set up a recurring save, or switch on auto-saving or auto-investing.
Resist withdrawing
We understand that everyday life can be expensive, but try to take a moment to remember your original goals and where you aspire to be.
Top up your ISA and enjoy tax-free saving
Make the most of your annual tax allowance, and open an ISA with Chip. You can save up to £20,000 tax-free per tax year - and earn a very competitive interest rate, too.
Consistently grow your balance
Increasing your balance month on month puts you one step closer to financial freedom. Just set, forget, and watch your money grow.
How we'll calculate
your score
WealthScore isn’t about your balance. It’s a measure of how well your daily and monthly actions position you to build long-term wealth with Chip.
Based on datasets
Your score is personal to your Chip account, based on a range of datasets designed to encourage positive wealth-building behaviour.
Updated daily
Your score updates daily, so you can see the difference fine-tuning your Chip setup can make.
Like a bit of healthy competition?
Your score is your business, but if you’re motivated by how people like you build wealth, you’ll be able to see how your habits compare.
Meet our top-scorer.
They’re not who you’d expect. This Chip member is a perfect example of WealthScore not being about how much you have, but how you got there.
Sustainable saver
They split their money across most Chip accounts, growing their balance by a sustainable amount every month.
Auto-saver
They religiously save £400 every month using our AI-powered Recurring Save tool.
Diverse investor
They have a diverse investment portfolio, regularly topping up a number of funds.
FAQs
WealthScore is a unique measure of how your Chip setup and behaviours influence your long-term wealth building.
It reflects the strength of your current daily and monthly habits, and encourages behaviours that will maximise how much you can grow wealth using Chip.
Please note that WealthScore is not a credit score and cannot be used in the same way.
You will be able to check your WealthScore in-app, or we’ll direct you to a webpage from your inbox.
Your WealthScore can be an insightful tool to gauge how you’re progressing, and if there are ways you can improve and optimise your current set-up.
WealthScore rewards consistent, sustainable, positive wealth-building habits. You can increase your WealthScore by making the most of Chip. For example, setting up recurring saves, opening new accounts, and filling your tax wrapper.
Your WealthScore will update every morning, so you can refresh your app every day to see the positive impact your habits are making.
No. Your Chip WealthScore is unrelated to your credit score, and we don't share any information with credit reporting companies.
WealthScore Beta is the current version of this feature. We’ll be continuously looking at ways to improve, listening closely to member feedback, so please let us know what you think!
Yes. Noticing your WealthScore decrease can serve as a guide to what behaviours might be standing in the way of your long-term goals.