- 1Runs onAndroid, iOS
- 2CostsFree plan · free trial · paid from £5.99/mo
- 3Scheduled transfersYes
- 4Interest on savingsYes
- 5Withdrawal methodinstant
Overview
Chip is a savings and investment app for Android and iOS, bringing savings accounts and investment funds together for people building long-term wealth. Customers can create goals with target amounts and dates, then assign existing savings to them. The app can analyse income and spending to estimate what a customer can save and move money automatically. Each autosave costs 45p unless the customer has ChipX. Available products include savings accounts, a Smart Cash ISA, a Stocks & Shares ISA, a General Investment Account and a personal pension. Chip connects current accounts through TrueLayer and an Open Banking API; Chip says permissions are re-authenticated every 90 days. Basic is free, with autosaves at 45p each and a 0.25% annual investment platform fee. ChipX costs £5.99 every 28 days and includes unlimited autosaves and no platform fees. Eligible ClearBank savings deposits may receive FSCS protection up to £120,000 across ClearBank accounts, subject to eligibility. Eligible investment claims may qualify for up to £85,000, excluding investment performance.
Who it is for
Chip suits people who want savings goals and investment products in one app. It is available only through its Android and iOS app, with no branches, debit cards, ATM access or financial advice.
What is good
- Savings goals can include target amounts and dates.
- Offers savings accounts, ISAs, investments and a personal pension.
- Autosaves can be calculated from income and spending.
- Eligible ClearBank savings deposits may qualify for FSCS protection.
What to know first
- Each Basic autosave costs 45p.
- Basic has a 0.25% annual investment platform fee.
- No branches, debit cards or ATM access.
- Available only through its app.
Verdict
Chip combines savings goals, automatic saving and several investment products in a mobile app. Check the plan fees and service limits, including the absence of branch, card and ATM access, before choosing it.
Chip plans and pricing
All plansCompared on personal finance software
- Free plan
- Yesgetchip.uk
- Scheduled transfers
- Yesgetchip.uk
- Interest on savings
- Yesgetchip.uk
- Withdrawal method
- instantgetchip.uk
Facts
- What it does
- Chip offers savings accounts and investment funds in one app to help customers build long-term wealth.getchip.uk · 28 Sept 2026
- Automatic saving
- Chip analyses income and spending habits to calculate what a customer can afford to save and move money automatically; each autosave costs 45p unless the customer has ChipX.getchip.uk · 28 Sept 2026
- Savings goals
- Customers can create savings goals, set a target amount and date, and allocate existing savings to a goal.getchip.uk · 28 Sept 2026
- Accounts
- The app offers savings accounts, a Smart Cash ISA, a Stocks & Shares ISA, a General Investment Account and a personal pension.getchip.uk · 28 Sept 2026
- Bank connection
- Chip uses TrueLayer to connect a customer's current account through an Open Banking API.getchip.uk · 28 Sept 2026
- Security
- Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days.getchip.uk · 28 Sept 2026
- Savings protection
- Eligible deposits in Chip savings accounts powered by ClearBank are covered by the FSCS up to £120,000 across ClearBank accounts, subject to eligibility.getchip.uk · 28 Sept 2026
- Investment protection limit
- Eligible claims for Chip Stocks & Shares ISA and General Investment Account assets may qualify for FSCS compensation up to £85,000, which does not cover investment performance.getchip.uk · 28 Sept 2026
- Support
- Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends.getchip.uk · 28 Sept 2026
- Service limit
- Chip says it is not a bank, has no physical branches or debit cards, does not provide ATM access or financial advice, and is available only through its app.getchip.uk · 28 Sept 2026
- Company history
- Chip says it was founded in late 2017 and began with automatic savings.getchip.uk · 28 Sept 2026
- Company regulation
- Chip Financial Group Ltd is FCA-authorised for payment services and Chip Financial Wealth Ltd is FCA-authorised as a MiFID investment firm.getchip.uk · 28 Sept 2026
Company
- Headquarters
- London, England, UKgetchip.uk · 23 Sept 2026
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Sources
- getchip.uk/about-us/mission· checked 28 Sept 2026
- getchip.uk/savings-accounts/how-saving-with-chip-w· checked 28 Sept 2026
- getchip.uk/pricing· checked 28 Sept 2026
- getchip.uk/how-we-protect-your-money· checked 28 Sept 2026
- getchip.uk/legal/report-security-concern· checked 28 Sept 2026
- getchip.uk· checked 23 Sept 2026