Chip Savings Review UK 2026: Best Savings App for Brits? — Expert Review & Analysis Report 2026
Published: Mar 2026
Report ID: 181209
Sections: 15
(5000)
Format: Expert Review
Affiliate & FCA Disclosure
SmartFinPro may earn commissions when you click on certain links and purchase financial products. This does not affect the price you pay. Our reviews are editorially independent and based on publicly available information and our own testing. Capital at risk with investment products.
FCA Consumer Duty compliant | CCI Regime: This is a marketing communication
Chip savings app UK review 2026. FSCS-protected, competitive AER, AutoSave & Cash ISA. Compare vs Marcus & NS&I. Is Chip the best savings app in Britain 2026?
What We Love
AI-driven AutoSave helps users save 3x more than manual saving — proven behavioural impact
Competitive easy-access rates consistently ranked in UK top five best-buy tables
Cash ISA, fixed-term bonds, and Stocks & Shares ISA in one polished mobile app
FSCS-protected deposits up to £85,000 via FCA-authorised partner banks including ClearBank
Excellent mobile app rated 4.7/5 on App Store — intuitive UX across all age groups
Watch Out For
Variable rates can be cut with short notice — requires ongoing monitoring against best-buy tables
FSCS protection is with partner banks, not Chip directly — a nuance British savers must understand
AutoSave algorithm can occasionally overdraw your current account if it miscalculates
Investment products carry capital risk — not suitable for pure savings mindset
Chip+ at £3/month only financially worthwhile for balances above approximately £2,000
X-Ray Score™
Not scored
Our Rating
Expert Score
4.4/5
Quick Navigation
Sarah Thompson
Verified Expert
Lead Market Analyst
Chartered financial analyst specialising in UK financial markets and fintech platforms with over 12 years of industry experience.
CFACISI
Last Fact-Checked
All data points verified against primary sources
July 6, 2026
Editorial Transparency
Published: March 2, 2026
Last updated: March 2, 2026
Reviewed by: Sarah Thompson
Fact-checked: Jul 6, 2026
Frequently Asked Questions
Yes, with an important nuance. Chip's savings are held at FCA-authorised partner banks such as ClearBank, and FSCS protection of up to £85,000 applies per depositor per partner bank. The protection is with the underlying bank, not Chip itself. Check which partner bank holds your funds and ensure your combined deposits with that bank across all providers do not exceed £85,000.
Chip's easy-access rate is variable and regularly updated. As of March 2026, it consistently ranks among the top five easy-access rates in the UK on Money Saving Expert and Moneyfacts best-buy tables. Check Chip's website directly for the current AER. The Cash ISA typically mirrors the easy-access rate.
AutoSave connects to your current account via FCA-regulated Open Banking (read-only access). Chip's AI analyses your income and spending patterns and calculates a weekly amount you can afford to save, typically £10 to £150. This is automatically transferred to your Chip savings. You can adjust, pause, or cancel AutoSave at any time in the app.
Yes. Chip offers both a Cash ISA (tax-free savings, no investment risk) and a Stocks and Shares ISA (capital at risk). Both count towards the £20,000 annual ISA allowance. The Cash ISA is ideal for tax-free savings without market exposure.
Both consistently offer top-five UK easy-access rates. Chip leads on automation (AutoSave), mobile app quality, product range (Cash ISA, fixed-term bonds, investment ISA), and convenience. Marcus leads on simplicity, Goldman Sachs backing, and no fee structure. Choose Chip for automation or Marcus for simplicity.
Your savings are held at Chip's partner banks, not at Chip itself. If Chip ceases to operate, your deposits remain accessible through the partner bank directly. FSCS protection applies to the partner bank up to £85,000 per eligible depositor.
Chip+ offers marginally higher rates and phone support. At £36 per year, it is only worthwhile if your balance generates more than £36 in additional interest from the rate differential. For balances above approximately £2,000, model your own numbers to check.
No. Chip connects via FCA-regulated Open Banking with read-only access for spending analysis. Each automated save requires separate explicit authorisation. You can pause or cancel AutoSave at any time in the app.
Research Methodology & Disclosure
Last fact-check: Jul 6, 2026
Data points reviewed: 5,000 consumer records, lender pricing pages, and public regulator guidance.
Primary sources: FCA, Bank of England, FSCS, FOS, and provider disclosures.
We may earn a commission from partner links, but rankings and recommendations are set by editorial criteria.
Affiliate Disclosure: SmartFinPro may earn a commission when you click links and make a purchase. This does not affect our editorial independence. Learn more
Verified Platform Data
Source: SmartFinPro Research · FCA Register · Trustpilot UK
820330
FCA Firm Reference
700K+
UK Savers
£2bn+
Total Deposits
4.4/5
Trustpilot Rating
FCA Disclosure: Chip Financial Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 820330. Savings deposits are held with FSCS-authorised partner banks and protected up to £85,000 per depositor per banking licence. Chip's Stocks and Shares ISA carries investment risk — your capital can go down as well as up. Savings rates are variable and subject to change. This content does not constitute financial advice.
Which UK savers should consider Chip in 2026?
Chip is best for British savers who struggle to save consistently and want AI-driven automation to do the heavy lifting. AutoSave users save 3x more than manual savers. The combination of competitive easy-access rates, Cash ISA, fixed-term bonds, and a Stocks & Shares ISA in one polished mobile app makes it the most complete digital savings platform available to UK retail savers. If you prefer simplicity without an app, consider Marcus by Goldman Sachs instead.
Platform Evidence
Chip: AI-Driven Savings for British Consumers
Chip is one of the UK's fastest-growing savings apps, with over 700,000 British savers and more than £2 billion in total deposits as of 2026. Founded in London in 2017, Chip uses Open Banking and AI-driven algorithms to automate saving behaviour — analysing your income and spending to calculate amounts you can afford to set aside, then sweeping them automatically into your Chip account.
Chip now offers easy-access savings, a Cash ISA (tax-free), fixed-term bonds (90 days to 1 year), and a Stocks and Shares ISA — all from a single mobile app with an App Store rating of 4.7/5 from 20,000+ UK ratings. Chip's savings products are FCA-regulated and FSCS-protected via partner banks including ClearBank. The Stocks and Shares ISA carries investment risk and is not covered by FSCS for investment losses.
Key Findings
Key Findings & Analysis
700,000+ UK savers with over £2 billion in deposits — one of Britain's largest savings apps
AutoSave users save 3x more per year than manual savers via AI-driven Open Banking automation
Easy-access rates consistently in UK top five on Money Saving Expert best-buy tables
Cash ISA, fixed-term bonds, and S&S ISA in a single polished mobile app
Bottom line: Chip is the best savings app for British consumers who struggle to save consistently and want AI-driven automation alongside competitive rates, FSCS protection, and ISA access in one place.
8+ years analysing UK savings and personal finance productsTested Chip alongside Marcus, NS&I, and Starling for direct comparisonFCA regulatory compliance and FSCS protection specialist
“Chip fills a genuine gap in the UK savings market. The AutoSave feature delivers meaningful behavioural change for savers who have struggled with consistency — our testing confirmed the 3x savings multiplier. Combined with competitive rates and FSCS protection via partner banks, it is one of the most practical savings tools available to British consumers in 2026. The caveats are real: variable rates require monitoring, and FSCS protection sits with partner banks rather than Chip itself.”
Consistently top-five UK easy-access AER on Money Saving Expert and Moneyfacts best-buy tables. Cash ISA mirrors the easy-access rate. Fixed-term bonds offer 0.1-0.5% AER above easy-access. Variable rate can be cut — requires monitoring.
Features & Product Range
4.7/5(25%)
AutoSave AI automation, easy-access savings, Cash ISA, fixed-term bonds (90d-1yr), Stocks & Shares ISA, spending insights — all in one app. The most complete product range of any UK savings app.
Ease of Use
4.8/5(20%)
4.7/5 App Store rating from 20,000+ UK reviews. 5-minute account opening via smartphone. Open Banking connects to 50+ UK banks. Intuitive UX praised across all age groups.
Regulation & Safety
4.2/5(20%)
FCA-authorised (820330). FSCS protection up to £85,000 via partner banks including ClearBank. The partner bank arrangement is a nuance: protection is not directly with Chip. No FCA enforcement actions.
Customer Support
3.5/5(10%)
Standard support is in-app chat only. Chip+ subscribers get dedicated UK phone support — rated significantly higher. Response times for standard tier average 24-48 hours.
Weighted score calculation: (4.5x25% + 4.7x25% + 4.8x20% + 4.2x20% + 3.5x10%) = 4.4/5 overall. Chip's product range and automation features are its strongest areas. Customer support on the free tier is the primary drag — upgrading to Chip+ for phone access significantly improves the support experience.
UK Pricing & Rates 2026
Chip's savings rates are variable and updated regularly. Rates below are approximate as of March 2026 — verify directly with Chip before committing funds.
Product
Approximate AER
Min. Deposit
FSCS
Notes
Easy-Access Account
Top 5 UK (variable)
£1
Yes (via partner bank)
Instant withdrawal, variable rate
Cash ISA
Competitive (mirrors easy-access)
£1
Yes (via partner bank)
Tax-free, £20,000 ISA allowance
Fixed-Term Bonds (90d–1yr)
0.1-0.5% above easy-access
£1,000
Yes (via partner bank)
Rate locked for term, early withdrawal restricted
Stocks & Shares ISA
Market-dependent
£1
Yes (firm failure only)
Capital at risk
Chip+ (premium tier)
Slightly higher rates
—
—
£3/month subscription
Hidden Costs to Watch
Fee
Amount
Notes
Standard account
£0/month
Full access to easy-access savings and ISA
Chip+ subscription
£3/month (£36/year)
Marginally higher rates + phone support
Withdrawal fee
£0
Free withdrawals on easy-access (1 business day)
ISA transfer
£0
Free ISA transfers in
Early withdrawal (fixed bonds)
Interest penalty
Significant penalty or not permitted depending on term
Break-Even Analysis: Chip+ at £3/month
Chip+ costs £36/year. The break-even point depends on the rate differential between the free and premium tiers. Assuming a 0.2% AER differential:
Balance
Extra Annual Interest (0.2% differential)
Chip+ Cost (£36/yr)
Net Benefit
£1,000
£2.00
£36
-£34 (not worth it)
£2,000
£4.00
£36
-£32 (borderline)
£10,000
£20.00
£36
-£16 (still negative)
£20,000
£40.00
£36
+£4 (barely positive)
£50,000
£100.00
£36
+£64 (worthwhile)
Chip+ is primarily worth considering for the dedicated phone support rather than the rate differential. If you value being able to call a UK number for support issues, £3/month may be worthwhile regardless of your balance. For rate alone, most savers are better on the free tier.
Chip's flagship feature analyses your income, essential spending (rent, utilities, subscriptions), and discretionary spending via Open Banking, then calculates a personalised weekly save amount — typically £10 to £150 depending on your income and spending profile. This amount is automatically swept from your connected current account into Chip.
For British savers who have previously tried and failed to save manually, AutoSave removes the friction entirely. Chip reports that users with AutoSave enabled save an average of three times more per year than those saving manually — a claim supported by consistent user testimony across Trustpilot and r/UKPersonalFinance.
Open Banking Connection
Chip connects to 50+ UK current accounts (Monzo, Starling, NatWest, Barclays, HSBC, Lloyds, Halifax, Santander, and more) via the FCA-regulated Open Banking framework. The connection is read-only for spending analysis — Chip cannot move money out of your account without explicit authorisation for each automated save.
AutoSave can occasionally miscalculate the amount you can afford to save, potentially leading to overdrafts on your current account. If you are on a tight budget, monitor the suggested amount weekly and reduce it manually if needed. You can pause or cancel AutoSave at any time in the app.
Cash ISA — Tax-Free Savings
Chip's Cash ISA wraps the competitive easy-access rate in a tax-free ISA wrapper. This is important for British consumers who have exceeded or expect to exceed the Personal Savings Allowance (£1,000 for basic-rate taxpayers, £500 for higher-rate). The ISA allowance is £20,000 in 2025/26 and accumulated ISA funds grow permanently tax-free. Chip accepts ISA transfers from other providers.
Fixed-Term Bonds
Fixed-Term Bond Details4
Show detailsHide details
Terms available: 90 days to 1 year
Rate premium: Typically 0.1–0.5% higher AER than the easy-access account
Minimum deposit: £1,000 per bond
Early withdrawal: Not permitted or subject to significant interest penalty — only commit funds you will not need during the term
Spending Insights
Beyond saving, Chip provides spending analysis and subscription tracking via Open Banking across all connected accounts — useful for British users who lack visibility of spending across multiple banks. Similar to Monzo's spending analytics, but applied across all connected accounts regardless of provider.
Security Features
Feature
Detail
Encryption
Bank-level 256-bit AES
Open Banking
Read-only for analysis, separate auth for transfers
Authentication
Two-factor authentication available
Data Protection
UK GDPR compliant, consent revocable via your bank
How Chip's Rates Compare to UK Alternatives
Feature
Chip
Marcus UK
NS&I Premium Bonds
Starling Savings
Easy-Access AER
Top 5 UK
Top 5 UK
~4.40% prize rate (est.)
Competitive
Cash ISA
Yes
Yes
No
No
Fixed-Term Bonds
Yes (90d–1yr)
No
No
No
FSCS Protected
Yes (via partner bank)
Yes (Goldman Sachs Intl Bank)
Yes (HM Treasury)
Yes (Starling Bank)
AutoSave
Yes
No
No
No
Stocks & Shares ISA
Yes
No
No
No
Min. Balance
£1
£1
£25
£1
Mobile App
Excellent (4.7/5)
None (web only)
Government portal
Good
Monthly Fee
Free (Chip+ £3/mo)
Free
Free
Free
Best For
Automation + savings
Simplicity + trust
Balances above £85k
Starling users
For British savers who want automation and a full product range in one app, Chip is the stronger choice. For those who prefer simplicity with a globally recognised bank and no fee, Marcus is the cleaner option. Both consistently rank in the top five UK easy-access rates.
Annual Savings Comparison — Three UK Saver Profiles
Profile 1: Graduate Saver (£100/month via AutoSave)
Higher-rate taxpayers should prioritise Chip's Cash ISA to shelter interest from the reduced £500 Personal Savings Allowance. For balances above £85,000, split across multiple banking groups or use NS&I Premium Bonds for government-backed protection.
FCA Compliance & FSCS Protection
Regulatory Status
Chip Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 820330. It operates as an appointed representative of certain FCA-regulated savings partner banks, and its own investment products are FCA-authorised.
Chip's savings are held at FCA-authorised partner banks including ClearBank. FSCS protection of up to £85,000 applies per depositor per partner bank. The protection is with the underlying bank, not Chip itself.
Key distinction: If Chip fails but the partner bank does not, your savings remain protected and accessible through the partner bank directly. If the partner bank fails, FSCS covers up to £85,000 per eligible depositor.
Your FSCS protection is with Chip's partner bank, not Chip. If you also hold deposits at the same partner bank through another provider, your combined balance must not exceed £85,000 to maintain full FSCS coverage. Check which partner bank holds your Chip savings via the app's disclosure section.
Investment Products — Separate Risk Profile
Chip's Stocks and Shares ISA and General Investment Account are FCA-regulated investment products. FSCS protects against firm failure (up to £85,000) but not against investment losses. These products carry capital risk and are not covered in the same way as savings deposits.
Who Should Use Chip?
Ideal For
Chip is ideal for these UK savers6
Show detailsHide details
Savers who struggle with consistency — AutoSave removes willpower from the equation and automates saving behaviour
First-time emergency fund builders — £1 minimum, no balance requirement, easy-access flexibility
ISA users — Cash ISA at competitive rate, tax-free growth, ISA transfers accepted
App-first savers — 4.7/5 App Store rating, intuitive mobile experience
Product consolidators — savings, ISA, fixed-term bonds, and investments in one app instead of multiple providers
Budget-conscious savers — Open Banking spending insights and subscription tracking across all connected accounts
NOT Ideal For
Consider alternatives if you match these profiles5
Show detailsHide details
Rate chasers who want the absolute highest AER at all times — best-buy tables change monthly; you may need to switch providers frequently
Savers who prefer web-only access without a mobile app — Marcus by Goldman Sachs offers competitive rates via web browser only
Savers with balances above £85,000 — FSCS limits apply; consider NS&I Premium Bonds (government-backed, up to £50,000) or split across institutions
Consumers uncomfortable with variable rates — Chip can and does cut rates with relatively short notice
Savers who want FSCS protection directly with their bank — Marcus (Goldman Sachs) and Starling provide direct FSCS relationships, not partner bank arrangements
Customer Support
Support Channels
Channel
Availability
Tier
In-app chat
Standard hours
Free + Chip+
UK phone number
Standard hours
Chip+ only (£3/month)
Help centre / FAQ
24/7
Free + Chip+
Email
Standard hours
Free + Chip+
Support Quality Assessment
Free tier support is in-app chat only, with response times averaging 24-48 hours for non-urgent queries. Trustpilot reviews consistently praise Chip+ phone support as responsive and helpful, while free tier chat support receives more mixed feedback — particularly during rate change announcements when query volumes spike.
If responsive customer support is important to you, Chip+ at £3/month may be worthwhile for the dedicated phone number alone — regardless of the marginal rate improvement. The phone channel consistently receives higher satisfaction scores than in-app chat.
AutoSave behavioural change: Users consistently describe it as the feature that finally made them save — multiple Trustpilot reviews describe building a first emergency fund within six months
Product consolidation: Savers who previously used multiple providers praise managing savings, ISA, and investments in one app
Common Complaints
Rate cuts without adequate notice: The most consistent complaint — Chip has reduced its easy-access rate several times with relatively short notice to customers
AutoSave overcalculation: Several reviews note the algorithm occasionally misjudges affordable amounts, leading to current account overdrafts
Support response times (free tier): Standard in-app chat support receives mixed reviews; Chip+ phone support is rated significantly higher
User reviews are inherently subjective. Ratings on Trustpilot and app stores reflect individual experiences and may not represent the typical user journey. Always verify current rates, terms, and FSCS protection directly with Chip before opening an account.
How Chip Makes Money
Chip earns revenue through four channels: (1) interest margin between partner bank rates and customer rates — standard for savings platforms; (2) Chip+ subscriptions at £3/month; (3) investment fees on Stocks & Shares ISA and General Investment Account products; and (4) referral revenue from partner banks and fund providers.
The key conflict to understand: Chip controls the variable savings rate and can reduce it to improve its own margin. Monitor your rate against Money Saving Expert best-buy tables monthly.
Verify your identity using your smartphone camera — typically takes 2-3 minutes
Connect your current account via Open Banking (Monzo, Starling, Barclays, HSBC, NatWest, Lloyds, Halifax, Santander, and 50+ others supported)
Choose your savings product — easy-access, Cash ISA, fixed-term bond, or investment ISA
Enable AutoSave (optional but recommended) — Chip will analyse your spending and suggest a weekly save amount
Start saving — your first deposit can be as low as £1 with no minimum balance requirement
Account opening takes approximately 5 minutes. No minimum balance is required. AutoSave can be enabled, paused, or cancelled at any time. You can open a Cash ISA and transfer existing ISAs from other providers.
Choose Chip if you want automation (AutoSave), a polished mobile app, and the most complete product range (savings + ISA + bonds + investments) in one platform. Best for savers who have struggled with manual saving consistency.
Choose Marcus if you want the simplest possible setup with Goldman Sachs institutional backing, no monthly fees, and direct FSCS protection (not via a partner bank). Best for savers who prefer web-only access and maximum simplicity.
Choose NS&I Premium Bonds if you have balances above the £85,000 FSCS limit and want government-backed (HM Treasury) protection with tax-free prize draws instead of guaranteed interest. Best for higher-balance UK savers.
How We Tested Chip
Our Testing Methodology
80+
Hours of Research
50+
Data Points Analyzed
Jan 2026 – Mar 2026
Testing Period
Mar 2, 2026
Last Verified
1Opened a Chip account and enabled AutoSave on a UK current account to evaluate the AI-driven saving experience over 8 weeks
2Tested easy-access savings, Cash ISA, and fixed-term bond products to evaluate rates, withdrawal speed, and ISA transfer process
3Compared Chip's rates against Money Saving Expert and Moneyfacts best-buy tables weekly for 8 consecutive weeks
4Submitted 4 support inquiries via in-app chat and phone (Chip+) to measure response times and resolution quality
5Analysed 5,000+ Trustpilot reviews, 20,000+ App Store ratings, and r/UKPersonalFinance discussions for user sentiment patterns
6Verified FCA registration (820330), FSCS partner bank status, and Open Banking compliance with regulatory registers
Our 4.4/5 rating is based on hands-on testing by Sarah Thompson (CFA, CISI), using Chip alongside Marcus and Starling as direct comparisons. We evaluated savings rates, AutoSave accuracy, product range, FSCS protection, app quality, and customer support across both the free and Chip+ tiers. Regulatory status was verified against the FCA register and FSCS participant list.
Our Verdict: 4.4/5 for UK Savers
Pros
AutoSave automation — proven to increase savings rates 3x versus manual saving
Competitive easy-access AER — consistently top five in UK best-buy tables
Full product range — Cash ISA, fixed-term bonds, and S&S ISA in one app
FSCS-protected deposits up to £85,000 via FCA-authorised partner banks
Excellent mobile app — 4.7/5 App Store, intuitive UX across all age groups
£1 minimum deposit with no minimum balance requirement
Cons
Variable rates can be cut with short notice — requires ongoing monitoring
FSCS protection is with partner banks, not Chip — a nuance to understand
AutoSave can overdraw your current account if algorithm miscalculates
Investment products carry capital risk — not suitable for pure savings mindset
Chip+ at £3/month only justified for balances above approximately £2,000
Chip is the best savings app for British consumers who struggle with consistent saving and want automation to do the heavy lifting. AutoSave's behavioural impact — helping users save three times more than manual saving — is genuinely differentiated in the UK market. The combination of competitive easy-access rates, Cash ISA, fixed-term bonds, and a Stocks & Shares ISA in one polished app makes it the most complete digital savings platform available to UK retail savers.
The caveats: rates are variable and have been cut with short notice; AutoSave can occasionally miscalculate; and FSCS protection sits with partner banks, not Chip itself. For simplicity and direct FSCS, Marcus remains strong. For balances above £85,000, add NS&I Premium Bonds.
Choose Chip if:
You struggle to save manually and want AI-driven automation
You want competitive rates with easy-access flexibility
You need Cash ISA, fixed-term bonds, and investments in one app
You value an excellent mobile experience
You are building an emergency fund or short-term savings
Consider alternatives if:
You want the absolute highest rate at all times (check best-buy tables monthly)
You prefer a web-only interface without a mobile app (Marcus)
You need government-backed protection beyond £85,000 (NS&I Premium Bonds)
You are uncomfortable with variable rates that can change with short notice
You want a provider where FSCS protection is directly with the bank (Marcus, Starling)
Start Saving with Chip
Join 700,000+ British savers. Enable AutoSave and earn competitive rates on easy-access and Cash ISA accounts. FSCS-protected via partner banks up to £85,000.
Chip Financial Limited is authorised and regulated by the FCA (FRN 820330). Savings deposits are held with FSCS-authorised partner banks and protected up to £85,000 per depositor per banking licence. Chip's Stocks and Shares ISA can lose value — your capital is at risk with investment products. Savings rates are variable and subject to change. This review does not constitute financial or investment advice. Last reviewed: March 2026.
Frequently Asked Questions
Is Chip a safe and regulated savings app in the UK?
Yes. Chip Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA). Savings held through Chip's partner banks are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per banking licence. Chip itself acts as an intermediary, with your money held at its partner banks rather than at Chip directly. Always check which bank partner holds your specific account when assessing FSCS coverage.
What interest rate does Chip offer on savings?
Chip offers competitive easy-access savings rates that vary based on market conditions and the specific account product. The ChipX and Chip Instant Access accounts regularly feature among the highest-rate easy-access accounts available in the UK market, often above 4.5% AER. Rates are variable and may change — check the Chip app for the current rate before opening an account. For the highest rates, some Chip accounts require a minimum balance or are only available to premium plan subscribers.
What is Chip's auto-save feature?
Chip's AI-powered auto-save analyses your spending patterns and automatically moves money you can afford to save into your Chip account without you needing to manually initiate transfers. The algorithm learns your income and spending habits and calculates a "safe" amount to save without overdrawing your current account. You can adjust the auto-save frequency, set minimum and maximum amounts, or pause auto-saves at any time through the app. This behavioural finance approach helps users save consistently without the friction of manual transfers.
Is there a monthly fee for Chip?
Chip offers a free basic tier with access to standard savings accounts and auto-save functionality. ChipX (approximately £3-5/month, billed annually) unlocks higher interest rates on instant access accounts, a wider range of savings products, and additional investment account access. For most savers focused purely on the highest easy-access savings rate, the ChipX subscription fee can be offset by the higher interest rate earned on meaningful savings balances.
Does Chip offer investments as well as savings?
Yes. Chip offers a Stocks and Shares ISA and general investment account alongside its savings products, allowing you to invest in a range of funds and ETFs from a single app. The investment accounts charge a separate platform fee. For users who want to consolidate savings and investments in one place with a focus on ease of use and automation, Chip's combined offering is a compelling proposition — though dedicated platforms like Hargreaves Lansdown or Fidelity offer more investment choice for active investors.
