Updated September 28, 2026 · VaultCue Editorial Team
Chip vs frankly.ch
Chip
Higher score in this comparison
frankly.ch
What sets them apart
| Compare | ChipReviewSee alternativesSee alternatives | frankly.chReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 4.5%Higher | 0.15% |
| Minimum deposit | £1 | CHF 1 |
| Access terms | Flexible cash ISA, on-demand withdrawals arriving next working day, interest calculated daily and paid monthly | Fully digital, app or web, no minimum deposit and no minimum term |
| Monthly fee | £0 | CHF 0 |
| Deposit protection | FSCS up to GBP 85,000 | Not confirmed |
Same on both: Rate type (Variable), Account kind (ISA).
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Key differences
- Chip scores higher overall: 9.2 vs 8.8.
- Headline rate is higher at Chip: 4.5% vs 0.15%.
- Support channels: only Chip offers Chat, Community.
- Support channels: only frankly.ch offers Phone.
Our verdict on each
Chip
Chip's Smart Cash ISA suits UK savers who want a flexible cash ISA with no term to serve and money they can reach. Withdrawals are on demand and arrive the next working day, and the balance is covered by FSCS up to GBP 85,000 under a Financial Conduct Authority licence in the United Kingdom.
frankly.ch
Frankly is a digital, fee free isa for people who want an account that costs nothing to hold and asks for almost nothing to open. It suits savers who value convenience over return: the rate is 0.15% and variable, far below where most accounts sit.
Score breakdown
| Area | Chip | frankly.ch |
|---|---|---|
| Cost | 8.9Monthly fee of £0 under a no-fee model, with an opening deposit of just £1, keeps holding costs low. | 9.0HigherMonthly fee is CHF 0 and the minimum deposit is CHF 1, so the entry cost is close to nothing. |
| Offer | 9.7HigherA variable rate of 4.5% on a flexible cash ISA, with interest worked out daily and no term to serve. | 8.7The rate is 0.15% and variable, close to the bottom of the savings ranking. |
Licences and countries
| Country | Chip | frankly.ch |
|---|---|---|
| Switzerland | Not confirmed | |
| United Kingdom | Financial Conduct Authority 911255 | Not confirmed |
Additional countries for Chip: 1. Additional countries for frankly.ch: 1.
Also worth a look
Finom has headline rate at 5%, against 4.5% for Chip and 0.15% for frankly.ch.
Finom reviewSources behind this comparison
Chip
- getchip.uk: 9 facts, checked September 26, 2026
- help.getchip.uk: 2 facts, checked September 26, 2026
frankly.ch
- frankly.ch: 8 facts, checked September 26, 2026
- play.google.com: 2 facts, checked September 26, 2026
How they place
| Ranking | Chip | frankly.ch |
|---|---|---|
| Savings accounts | 179 of 1420 | 466 of 1420 |
| Cash ISAs | 2 of 11 | 7 of 11 |
Every fact side by side
| Fact | Chip | frankly.ch |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Legal entity | Chip Financial Wealth Ltd | Sparen 3 pension foundation of Zuercher Kantonalbank |
| Headquarters | United Kingdom | Switzerland |
| Support channels | Email, Chat, Help centre, Community | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Chip | frankly.ch | Median |
|---|---|---|---|
| Headline rate | 4.5%above the median | 0.15%lowest quarter | 3.25% |
Median across 658 listed accounts.
Pros and cons
Chip
Pros
- A headline rate of 4.5%, above the lower quartile rate of 3.97% across the cash ISAs in the comparison.
- Deposits are covered by FSCS up to GBP 85,000, and the account is regulated in the United Kingdom by the Financial Conduct Authority under licence 911255.
- On-demand withdrawals arrive the next working day, so part of the balance can be reached without closing the account.
Cons
- The rate is variable, so the headline rate of 4.5% can move in either direction and no return is locked in.
- Support runs on email, chat and help centre, with no phone channel among the options, so a query has to be written down.
- Interest is worked out each day but paid once a month, so credited interest lags what the balance has accrued.
frankly.ch
Pros
- No monthly charge: the monthly fee is CHF 0 and the model is no monthly fee
- The minimum deposit is CHF 1, so the account opens at a token amount
- Access is fully digital by app or web, with no minimum term attached
Cons
- The rate is 0.15%, far under the 4.5% typical of the savings accounts we track
- The rate is variable and variable, so it can move down in the same way it can move up
- The account is isa, which locks money away from a UK cash ISA even though the monthly fee is CHF 0
Who each suits
Chip
Who it suits
- UK savers who want a cash ISA paying a market rate without locking money into a fixed term.
- Anyone who needs part of the balance reachable quickly, with withdrawals landing the next working day.
- Savers who are comfortable with a rate that moves, since the account pays a variable rate on a flexible basis.
Who should look elsewhere
- PayPal Colombia, whose headline rate of 3.3% sits below Chip's 4.5%, so the rate comparison does not favour it.
- AXI Card Tarjeta y Credito, listed at 21.59%, for readers chasing the largest rate figure rather than UK deposit cover.
frankly.ch
Who it suits
- Anyone starting small, since the minimum deposit is only CHF 1
- People who want a no monthly fee account and never want to see a monthly charge
- Savers who are happy with a variable return and use their own phone or laptop to manage it
Who should look elsewhere
- Anyone chasing return: 0.15% sits well below the 4.5% of the wider savings ranking
- Anyone who wants UK cash ISA tax shelter, as the account kind is isa
- People who want counter service, because access is fully digital and support runs on email, phone and help centre only
Current offers
Chip
Current offer
Bonus
Smart Cash ISA new customer rate boost: 4.50% AER (variable tracker) for 12 months
New Chip customers only; 3.50% standard variable AER plus a 1.00% boost for 12 months; cannot be combined with any other Boosted Rate Promotion; 18+ UK tax resident and app only
Source, checked September 26, 2026
Free trial
ChipX membership 28 day free trial: 28 day free trial, then £5.99 every 28 days (paid monthly) or £65.05 paid annually
Upgrade to ChipX membership; standard Chip membership is free
Source, checked September 26, 2026
Country by country
| Country | Chip | frankly.ch |
|---|---|---|
| Switzerland | No | Yes |
| United Kingdom | Yes | No |
Questions about each
Chip
What interest rate does the Chip Smart Cash ISA pay?+
The Smart Cash ISA pays a headline rate of 4.5% on a variable basis, so the figure moves with the market rather than being fixed for a term. That sits above the lower quartile rate of 3.97% across the cash ISAs in the comparison.
Is it an ISA and can I get my money out quickly?+
It is a isa, and Chip lists the same product under its savings accounts. Withdrawals are on demand and land the next working day, and interest is worked out on the balance every day. There is no fixed term to run out, so money can move in and out as needed.
frankly.ch
Is there a monthly fee to keep the account?+
No charge is made each month: the monthly fee is CHF 0 and the account model is no monthly fee. That sits alongside a minimum deposit of CHF 1, so the cost of keeping money in the account over a year is limited to the interest you forgo elsewhere.
What rate do I get on the balance?+
The headline rate is 0.15%, and it is variable. Because the rate is variable it can be revised while the account is open, so treat the published figure as a starting point. For scale, the median headline rate across the savings accounts we track is 3.08%.
Other options to compare
Related by the facts
Chip
frankly.ch