Offer at a glance

• Normally, for the Prize Savings Account monthly draw your entries are based off of your average balance at the end of the month.
• But we’re doing an especially large “£500k Draw” in December, and we want to reward people who invest with us with extra entries for this draw. 
• So, if you invest with us you will get 100 extra entries for the December “£500k” draw for the Prize Savings Account.  
• Simply; 
  
  • Open a Stocks & Shares ISA and/or General Investment Account (GIA) (if you haven’t already);
  • make at least one single deposit of £10+ (this still applies even if you already have an investment balance) into; 
  • one of your investment accounts between 1 November 2025 and 23:59 31 December 2025, and;
  • you will get 100 extra entries for the December £500k prize draw.

• You will see these entries reflected as “extra entries” on your in-app entry tracker (you can find this in your Prize Savings Account screen in app).

• “Extra entries” are distinct from your “normal entries” which are generated by your average balance.

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Eligibility criteria (who you need to be)

You need to:

• Be an active Chip user, with;
  
  • an open Prize Savings Account, and; 
  • hold an average balance of at least £10 in the Prize Savings Account as of 31 December 2025, and;
  • not have opted out of the monthly draws for the Prize Saving Account. 
• Meet the minimum eligibility criteria to enter the Prize Savings Account monthly draw separately to any extra entries applied - you can’t enter the draw based on extra entries alone. 

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Please note:

• Every full £10 of average balance = one entry.
  
  • Due to the average balance calculation, the minimum amount you need to deposit within a given month to secure one entry rises daily from £10 to up to £310 as each month progresses. 
  • Please see how average balance works for more details and the minimum amounts you would need to deposit on any given day of the month to secure an entry, or enter the draw. 

• You will need to deposit enough to have an average balance of £100 to enter the Prize Savings Account November draw. 
  
  • The average balance calculation effectively means that to enter the November draw you will need to deposit more than £100 if depositing later than 1 November 2025. 
  • But for the December “£500k” draw, we will change this minimum average balance requirement from £100 to £10.

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How to qualify (what you need to do)

If you don’t already have an open investment account:

• Open an investment savings account (either a GIA or a Stocks & Shares ISA)
• Make a deposit of at least £10 into one of your Chip Investment Account(s)

• between 1 November 2025 and  23:59 31 December 2025.

If you do already have an open investment account:

• Make a deposit of at least £10 into one of your Chip Investment Account(s)
• between 1 November 2025 and  23:59 31 December 2025.

Please note:

• The minimum £10 deposit must be one deposit into one account only (either your GIA or your Stocks & Shares ISA) and cannot be split between them. 
  
  • For example, you won’t qualify if: 
    
    • You deposit £5 into your GIA and £5 into your Stocks & Shares ISA, or;
    • You make 10 deposits of £1 into your Stocks & Shares ISA.
  • You are welcome to deposit more than £10 (and can then split those deposits however you’d like), but to qualify for this promotion you need to make at least one deposit of £10+ into one investment account.

• As long as your minimum £10 deposit is initiated before the  31 December 2025 deadline, you will qualify for the promotion. Note that investment deposits may take a few days to appear in your account. Deposits can go down in value when they settle, but as long as the initial deposit is at least £10, you will be eligible for the offer. 

• Autosaves or recurring deposits can be counted as your £10+ deposit, provided there is at least one individual autosave or recurring deposit of £10+ into one investment account between 1 November 2025 and  23:59 31 December 2025.
  
  • Note, simply scheduling a recurring deposit as part of a “Savings Plan” will not qualify you for the promotion, you will only qualify once the deposit is initiated on the day it’s scheduled.

• Whilst completed ISA transfers can count towards the minimum £10 deposit required to activate this promotion, ISA transfers can take up to several weeks to complete. This means, there may be a risk that any new ISA transfers may not complete before 23:59 31 December 2025.

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How and when you’ll be rewarded

• If you meet the eligibility criteria and perform the qualifying actions outlined above you will receive 100 extra entries for the December “£500k” draw for the Prize Savings Account.  

• You will be able to see these displayed as “extra entries” in your in-app “Entry Tracker” for the December £500k Draw (which updates daily). These are distinct from your usual entries generated by your average balance. 

• As covered in the terms above, you will lose all extra entries you accrue from this offer IF your average balance in the Prize Savings Account is under £10 as of 23:59 31 December 2025. 

• If Chip has grounds to suspect any user, or associated third party of abusing the promotion in any capacity, Chip reserves the right (in its sole discretion) to disqualify any person it reasonably believes to be responsible for, or associated with, such activity and/or refuse to award any bonus entries.

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