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Chip (US) review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Chip suits UK adults who want a tax wrapper they can reach from an app, with a 4.5% headline and £0 monthly fees. The variable rate and the new customer boost mean the figure you open on can change once the boost ends.

Key facts

Best for
Adults in the UK wanting a tax wrapped cash account with no monthly fee.
Headline rate
4.5%↗
Rate type
Variable↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Flexible Cash ISA with 3.50% standard variable rate plus 1.00% new customer boost for 12 months; interest paid monthly; 18+ UK tax resident, app only↗
Monthly fee
£0↗
Account kind
ISA↗
Legal entity
Chip Financial Wealth Ltd↗
Headquarters
United Kingdom↗
Support channels
Email, Phone, Help-centre, Community↗
Pricing model
No monthly fee, Fixed rate
Official website
getchip.uk

Facts checked September 26, 2026, 2 sources

Apps and profiles

Get the app
App Store
Elsewhere
LinkedIncommunity.getchip.ukgetchip.uk

Pros and cons

Pros

  • No monthly charge, at £0, on a flexible Cash ISA
  • Headline rate of 4.5% sits well above 3% for savings across the site
  • Interest is paid monthly, so returns reach you through the year rather than at the end
  • Access runs by app, with email, phone and help centre available for questions
  • The account is a isa, so savings are sheltered from tax

Cons

  • The rate is variable, so the return can move rather than stay locked for a term
  • The higher headline depends on a new customer boost that ends after a set period
  • Access is app only, which suits people comfortable managing money on a phone
  • Support runs on email, phone and help centre only, with no branch counter for in person help
Chip (US)

Ready to try Chip (US)?

Scored 9.3 / 10 by SumCue.

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Who it suits

  • UK adults paying tax who want savings held in a tax wrapper
  • People who manage day to day money on a phone and check interest monthly
  • Savers building a balance without a monthly charge draining returns

Who should look elsewhere

  • Anyone wanting a rate locked for a set term, since the rate is variable
  • People who need to open or use an account without a phone
  • Readers who want branch counter service, since support runs on email, phone and help centre only

Access to your money

The account is a flexible Cash ISA, which is the isa for this kind of saving, and the rate type is variable. Interest is credited monthly, so the return arrives in smaller amounts through the year rather than as one payment. The headline rate is 4.5%, made up of a standard variable rate plus a new customer boost that runs for a set period, so the figure on the table covers the early months of an account rather than the long run. Access is app only, and opening it is limited to UK tax residents who are adults. That makes the account straightforward for anyone already comfortable moving money on a phone, and less workable for anyone who prefers paper statements or a visit in person.

Regulation and registers

The account sits with an entity registered with the Financial Conduct Authority in the UK, and that registration is recorded under the reference 1005114. The same firm is also listed under a separate payment services registration, 911255, which covers the handling of payments alongside the savings side. Two entries on the register means the savings and the payment activity are both overseen rather than only one of them. Anyone can look the firm up on the regulator's register and match the references above before opening an account.

Who runs it

The provider is Chip Financial Wealth Ltd, based in the United Kingdom, so the firm behind the account is a UK registered business rather than an overseas entity. It holds both Financial Conduct Authority entries, 1005114 and 911255, which means the regulator knows the company behind the app and the savings. Deposits are covered by FSCS up to GBP 85,000, so the balance has a stated protection level rather than sitting with the firm on trust. Support runs on email, phone and help centre, giving a mix of direct contact and self serve options, all handled within the app.

How Chip (US) compares

Where Chip (US) is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (1005114), checked September 26, 2026
Licence in United Kingdom
Financial Conduct Authority (Payment Services Regulation 2017) (911255), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the Chip Cash ISA pay?+

The headline rate is 4.5%, built from a standard variable rate with a new customer boost added for a set period. After that period the account falls back to the standard variable rate only, which is lower. Because the rate type is variable, the figure can move again after the boost ends.

Is there a monthly fee on the account?+

The monthly fee is £0, so holding the Cash ISA costs nothing each month. The provider also lists a no monthly fee model, which means there is no account charge eating into the interest earned. Interest is paid monthly into the account, so the return reaches you over the year.

Is my money protected if the provider fails?+

Deposits are covered by FSCS up to GBP 85,000, so a stated level of protection applies to the balance you hold. The provider is a UK registered company, Chip Financial Wealth Ltd, and holds a Financial Conduct Authority registration listed as 1005114. Protection applies within stated limits, so larger balances can sit above the covered amount.

Who regulates the company behind the app?+

The Financial Conduct Authority registers the firm in the UK, and that entry is 1005114. A second entry covers payment services, 911255. Both references can be checked against the regulator's public register before you open an account.

How do I open and use the account?+

Access is app only, so opening and managing the Cash ISA happens on a phone. It is open to adults who are UK tax resident, and interest is paid monthly into the balance. Support runs on email, phone and help centre if anything needs clarifying, all inside the same app.

Is the interest rate fixed for a term?+

No. The rate type is variable, so there is no term to run and no early withdrawal penalty, but the rate can change. The account is a isa, which is what makes access flexible. A locked rate would suit a saver who is certain about leaving the money alone for a set period.

How does Chip compare with other cash accounts?+

Chip's headline of 4.5% is higher than Wise at 3.29% and bunq at 3.01%. Finteres pays a headline of 0% to 36%, which is lower again. The gap comes from the tax wrapper and the new customer boost rather than from a permanent rate edge.

Is Chip right for someone saving outside the UK?+

The account is open to UK tax residents only, and the provider is based in the United Kingdom. Someone saving in a single market outside the UK would not meet that residency condition. A non UK resident looking for interest would need a different provider for their market.

Sources

  • getchip.uk checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Rate type, Support channels

    “Made up of a 3.50% standard variable rate, plus a 1.00% new customer boost for 12 months ... Interest is paid monthly ... 18+, UK tax resident & app only”

  • getchip.uk/pricing checked September 26, 2026

    Backs: Deposit protection, Headquarters, Legal entity, Pricing model, Monthly fee, Licences

    “Chip Financial Group LTD Registered office: Sixth Floor, Fora Montacute Yards, 186 Shoreditch High Street, London, E1 6HU”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit.

Chip (US)

Chip (US)

Adults in the UK wanting a tax wrapped cash account with no monthly fee.

9.3/10See alternatives