Open a Chip Easy Access Saver and earn a boosted rate for 12 months¹

Reward action

Open an account

Reward value

3.60% AER for 12 months for the Chip Easy Access Saver¹

This offer is available to:

This promotion is available to existing Chip customers who have not previously held a Chip Easy Access Account. An existing Chip customer is defined as someone who has previously transacted in a Chip account and/or has other promotional rates applied on any Chip products.

How to redeem

  • Open a Chip Easy Access Account
  • Make your first deposit to activate your account and begin earning interest.

Receiving Your Reward

  • If you meet the eligibility criteria, your boosted rate of 3.60% AER will be automatically applied when you open your Chip Easy Access Account. This is the standard 3.50% AER rate plus a +0.10% AER promotional boost. 
  • Your boosted rate of 3.60% AER lasts for 365 calendar days from account opening. After 12 months, your rate reverts to the underlying standard rate of 3.50% AER (variable tracker)
  • Interest is calculated daily at midnight and paid monthly on the fourth business day of each month.
Terms & Conditions
and
FAQs
Redeem in app

The interest rate on your Chip Easy Access Account is variable and can change. For full rate details, see the Summary Box. 

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¹ T&Cs apply. 3.60% AER (variable tracker) for 12 months. Comprised of an underlying standard AER of 3.50% (3.45% gross, which tracks 0.30% under the Bank of England base rate), plus a 0.10% AER (0.10% gross) boost applied for 12 months from the day you open the account.

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If you make 4 or more withdrawals within a 12 month period your rate will drop by 2.10% to either; 1.50% AER (variable tracker with the boost above applied) for the remainder of the 12 month period since opening the account, or; 1.40% AER (variable tracker with no boost applied). For more information see the Chip Easy Access Summary Box.

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AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.