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Chip review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Chip's Smart Cash ISA pays a variable 4.5% with withdrawals on demand the next working day, and the same app runs investing accounts alongside it. It suits UK savers who want tax-free cash, an interest credit each month and a place to hold investments later, without tying the balance up.

Key facts

Best for
Tax-free cash savings with on-demand withdrawals and a very small entry deposit.
Headline rate
4.5%↗
Rate type
Variable↗
Minimum deposit
£1↗
Deposit protection
FSCS up to GBP 85,000↗
Access terms
Flexible cash ISA, on-demand withdrawals arriving next working day, interest calculated daily and paid monthly↗
Monthly fee
£0↗
Account kind
ISA↗
Regulators
Financial Conduct Authority↗
Legal entity
Chip Financial Wealth Ltd↗
Headquarters
United Kingdom↗
Founded
2017↗
Support channels
Email, Chat, Help-centre, Community↗
Pricing model
No monthly fee
Official website
getchip.uk

Robo-advisors

Management fee
0.25%↗
Investor protection
FSCS up to GBP 85,000↗
Account types
ISA, SIPP↗
Portfolio types
ETF, ESG, Cash, Crypto↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
TrustpilotLinkedIncommunity.getchip.uk

Pros and cons

Pros

  • The 4.5% variable rate is above the 3.29% at Wise and the 3.01% at bunq.
  • A minimum deposit of £1 makes the account straightforward to open and top up.
  • As a isa it takes withdrawals on demand, arriving the next working day, with interest calculated daily and paid monthly.
  • Deposits are covered to FSCS up to GBP 85,000, and the same limit is listed for investments as FSCS up to GBP 85,000.
  • Cash savings and investing share one app, with investing accounts offered as isa and sipp.

Cons

  • Help runs on email, chat and help centre only, so there is no phone line for anyone who prefers to talk to someone.
  • The rate is variable, so the 4.5% is a current figure and can move in either direction.
  • Ranked on headline rate Chip comes 113 of 488, so the 4.5% is a strong offer without being top of the field.
  • Investing accounts sit alongside the cash ISA, and the typical retail loss rate on these listings is 70.15%, so deposited cash and invested money in the same app behave very differently.
Chip

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • UK savers who want tax-free cash earning a variable 4.5% and reaching their money the next working day.
  • New investors who can begin at £1 and keep cash savings and investments in one app.
  • People who would rather hold a variable rate than commit to a term, since the interest here is variable.

Who should look elsewhere

  • Savers after a fixed-term product, since the interest here is variable. Finteres, whose listed headline rate runs 0% to 36%, is worth checking for a different rate structure.
  • Anyone who wants savings kept well away from markets, since the app also runs investing accounts where a typical retail loss rate is 70.15%. A cash-only balance with bunq or Wise is the simpler route.

Access to your money

The Smart Cash ISA is a flexible isa, so the balance is not locked for a set period. Withdrawals are on demand and land the next working day, interest is calculated daily and credited monthly, and there is no notice period to serve. The rate itself is variable, so the figure advertised now is not the figure held for the year ahead. That suits a pot that might be called on at short notice, or a balance that grows a little each month.

Fees and FX

The cash ISA is listed as no monthly fee, and the minimum deposit is £1, so opening and holding the account is inexpensive. The monthly fee on the savings side is £0. For context, the median minimum deposit among cash ISAs on these listings is €34.31, so Chip asks for very little to get started. Because the account pays in sterling, anyone holding money in another currency should weigh conversion costs before putting it in.

Rates and card terms

The headline rate is 4.5%, paid on a isa and set as variable. The median headline rate across these savings listings is 3%, and the cash ISA median is 4.25%, so Chip sits above the middle of both groups. It also pays more than bunq at 3.01% and Wise at 3.29%. Because the rate can move, a saver who needs a known return for a fixed period would look elsewhere. The whole offer rests on that single number, so track it rather than assume it holds.

The company behind it

Savings and investments sit with Chip Financial Wealth Ltd, based in the United Kingdom and founded in 2017. The firm is regulated by the Financial Conduct Authority, whose reference for it is 911255, and the listed regulator is Financial Conduct Authority. Support runs on email, chat and help centre, so help is written or by chat rather than by phone, and the help centre carries much of the load. One provider behind both the cash ISA and the investing accounts keeps the paperwork in one place.

How Chip compares

Where Chip is available

Available
United Kingdom
Licence in United Kingdom
Financial Conduct Authority (911255), checked September 26, 2026

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

Frequently asked questions

What rate does the Chip Smart Cash ISA pay, and can it change?+

The headline rate is 4.5% and it is variable, so the figure can rise or fall with the market rather than being fixed for a term. The median headline rate on these savings listings is 3%, and the median for cash ISAs is 4.25%, so Chip sits above the middle of both groups.

What kind of account is it, and how quickly can I get my money out?+

It is a flexible cash isa, so the balance is not tied up for a fixed term. Withdrawals are on demand and arrive the next working day, and interest is calculated daily then paid monthly. Anyone planning to leave money untouched for a set period is looking at the wrong kind of product here.

Is my money protected if something goes wrong at Chip?+

Deposit protection is FSCS up to GBP 85,000, and the same limit is listed for investments as FSCS up to GBP 85,000. The account is provided by a firm authorised and regulated by the Financial Conduct Authority, so the money sits with a regulated provider rather than an informal platform.

Who runs and regulates Chip?+

The accounts are provided by Chip Financial Wealth Ltd, based in the United Kingdom and founded in 2017. Its listed regulator is Financial Conduct Authority, and the Financial Conduct Authority reference for the firm is 911255. The same company runs the cash ISA and the investing accounts, so one relationship covers savings and investments.

How much do I need to put in, and what does the account cost to keep open?+

The minimum deposit is £1, which makes the account easy to start, and the monthly fee is £0 on the cash ISA. The median minimum deposit among cash ISAs on these listings is €34.31, so Chip asks for very little to get going.

What does it cost to invest through Chip?+

Investing is charged at a management fee of 0.25%, and the accounts available are isa and sipp. The median management fee across the platforms here is 0.35%, so Chip sits below the middle of that group. The cash ISA is the cheaper side of the app, carrying its own £0 monthly fee.

What can I hold in the investing accounts?+

Portfolio types run to etf, esg and cash, so the range covers broad funds, responsible and environmental choices, a cash slice and crypto. Any money put to work carries market risk, and a typical retail loss rate is 70.15%, while even the better end of the data sits at 65.75%.

How do I get help if something goes wrong with my account?+

Support runs on email, chat and help centre, so help arrives by email, live chat, a help centre or the community rather than by phone. Written answers leave a record of what was said, which helps if a transfer or an interest query needs checking later. Anyone who needs voice support will find the app less convenient.

Sources

  • getchip.uk/pricing checked September 26, 2026

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

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

  • getchip.uk/savings-accounts/smart-cash-isa checked September 26, 2026

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

    “You can withdraw as often as you like, and your funds will be with you next working day”

  • help.getchip.uk/help-article/what-is-the-minimum-i-can-de... checked September 26, 2026

    Backs: Minimum deposit, Support channels

    “You can start saving with as little as £1 in your Smart Cash ISA”

  • getchip.uk/about-us/mission checked September 26, 2026

    Backs: Founded

    “We're a fintech challenger founded in late 2017”

  • getchip.uk/investing checked September 26, 2026

    Backs: Account types, Portfolio types

    “Stocks & Shares ISA ... SIPP Take control of your pension with flexible investing”

  • getchip.uk/pricing checked September 26, 2026

    Backs: Investor protection, Management fee, Regulators

    “0.25% annual platform fee, collected monthly (£1 monthly minimum fee applies per product)”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term.

Chip

Chip

Tax-free cash savings with on-demand withdrawals and a very small entry deposit.

9.0/10See alternatives