Chip (US) review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Chip runs a flexible Cash ISA with a headline rate of 4.5% and a variable rate, plus a new customer boost for the opening period, all for a monthly fee of £0. It suits adults who want a straightforward cash ISA run in the app and no monthly charge.
Key facts
Savings
- Headline rate
- 4.5%↗
- Rate type
- Variable↗
- 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↗
- Account kind
- ISA↗
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- No monthly fee, with interest paid monthly
- Headline rate of 4.5%, variable, with a new customer boost
- Deposits protected by the FSCS at FSCS up to GBP 85,000
- Support runs through email, phone and help centre
Cons
- Access is app only, so every step from opening to managing the balance runs in the app
- The rate is variable, so it can move down as well as up
- The new customer boost applies to the opening period only
Who it suits
- Adults who already save in cash and want a simple app-based Cash ISA
- Savers who value a FSCS up to GBP 85,000 protection limit over a branch relationship
- People who want interest paid monthly without a monthly charge
Who should look elsewhere
- Anyone who wants in-person service, as access to this Cash ISA is app only
- Savers who want a fixed rate, as this rate is variable
- Savers holding more than FSCS up to GBP 85,000 in deposits
Rates and terms
Chip offers a flexible Cash ISA, so you can take money out and put it back without giving up the account. The headline rate is 4.5% and the rate type is variable, meaning it can change. New customers also get a boost for the opening period, and interest is paid monthly. The monthly fee is £0. The account is app only and open to adults who are UK tax resident.
Who runs it
Chip is run by Chip Financial Wealth Ltd, which is based in the GB. The account is delivered through the app only, so the day-to-day experience is digital. Help comes through email, phone and help centre, which covers phone, email, a help centre and a community space for questions between the usual support hours.
How Chip (US) compares
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Where Chip (US) is available
- Available
- United Kingdom
Countries from its affiliate programme
Frequently asked questions
How much does Chip cost to run?+
The monthly fee is £0, so there is no charge for keeping the Cash ISA open. Interest is paid monthly on the balance you hold. If you are comparing against providers that charge a monthly fee, this one sits with the free end of the market.
What rate does Chip pay and can it change?+
The headline rate is 4.5% and the rate type is variable. A variable rate can rise or fall, so the figure on offer today is not guaranteed to stay at the same level. New customers also get a boost on top for the opening period.
Is my money protected at Chip?+
Deposits are covered by the FSCS at FSCS up to GBP 85,000. That protection applies up to the stated limit per person, so it suits savers whose balance sits within that figure. Larger balances would need to be spread across more than one provider.
Who can open a Chip account?+
The account is open to adults who are UK tax resident. The Cash ISA is one of the account kinds on offer, with the account kind recorded as isa. Interest is paid monthly rather than annually, which suits people who like to see the credit land regularly.
Can I open the account in a branch?+
Access to this Cash ISA is app only, so opening and managing it happens on your phone rather than in person. Day-to-day questions can be raised through email, phone and help centre, which includes phone and email alongside the help centre.
How do I get help from Chip?+
Support runs through email, phone and help centre, so you can use phone, email, the help centre or the community space. The help centre covers common questions, while phone and email suit more involved enquiries. The provider behind the account is Chip Financial Wealth Ltd.
Is the account offered by a UK company?+
The account is run by Chip Financial Wealth Ltd, with GB as its home country. That means the operation and its customer terms sit with a UK entity, while the app remains the only route to opening and using the Cash ISA.
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
“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: Licence type, Currency conversion fee, Currencies.
Related by the facts
Chip (US)
A UK tax resident adult wanting a flexible Cash ISA with no monthly fee.