Open a Chip Instant Access Account and earn a boosted rate for 12 months¹

Reward action

Open an Account

Reward value

3.25% AER for 12 months for the Chip Instant Access Account¹

This offer is available to:

  • This promotion is available to existing Chip customers who have not previously held a Chip Instant 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.

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How to redeem

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

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Receiving Your Reward

  • If you meet the eligibility criteria, your boosted rate of 3.25% AER will be automatically applied when you open your Chip Instant Access Account. This is the standard 3.00% AER rate plus a +0.25% AER promotional boost. 
  • Your boosted rate of 3.25% AER lasts for 365 calendar days from account opening. After 12 months, your rate reverts to the underlying standard rate of 3.00% 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 Instant Access Account is variable and can change. For full rate details, see the Summary Box. 

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¹ T&Cs apply. 3.25% AER (variable tracker). Comprised of an underlying standard rate of 3.00% AER (2.96% gross, which tracks 0.79% under the Bank of England base rate), plus a 0.25% AER (0.24% gross) boost applied for 12 months from the day you open the account.

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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.