The Chip Instant Access account is now live!
We’re launching at a 2.55% return, which is market-leading as of this moment.
For the first time in our history, we’re in complete control of the returns. We’ll be able to move fast and respond to changes in the Bank of England base rate, something that third-party banks are often slow to move on - whereas we were able to react instantly once the rate rise was announced today.
Right now, we are the top savings account in the UK. Will we always be top? No - but unlike banks, our rate won’t yoyo about. Ours will always be “good” and that’s what we’re proud to commit to. When the markets move, we will too - and fast.
You’ve often heard us say that we want to build wealth for our generation. This is what this means. Effortless wealth-building with our award-winning Savings Plans, combined with a product that is sustainable and can rapidly adjust to changes in the base rate, so we can always offer a competitive return - the Chip Instant Access is the culmination of all of our efforts, and something that we truly can’t wait to share with you all.
As such, this account of course comes with all the benefits of saving with Chip. Instant deposits and withdrawals, seamless integration with our savings tools (so that you can autosave and recurring save with ease), and FSCS protection on your deposits (up to £85k) where eligible.
To find the full details of this account, please visit 2.55% Instant Access Savings Account | Chip.
And a little bonus challenge for those of you who want to take part…
- We need to get this account out into the world - tell your friends
- Head over to our Instagram, Twitter or Facebook and share our launch posts once they’re live
- Tag us, MSE (@moneysavingexp) and your favourite news publication
Finally, an update on our crowdfund - the A-shareholders round will be open until early next week, at which point we’ll be opening up the crowdfund to our B-shareholders! We’ll be providing updates to you directly via email in the coming days, so watch your inboxes.