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Transfer your Cash ISA.
Cash ISA transfers are now here, and you can get yours today.
ISA transfers allow to move your wealth between providers so that it keeps its tax free status.
Benefits of transferring a Cash ISA to Chip.
Whatever cash ISA balance you’ve accumulated over the current or previous tax year(s), bring it to Chip and take advantage of our competitive rate (4.58% AER, tracking variable), unlimited, penalty-free withdrawals, and tax-free interest that’s paid to you monthly.
cisa-headline-rate AER (variable tracker).
Deposit and withdraw without impacting your ISA allowance.
Earn interest monthly, tax free.
How to transfer a Cash ISA to Chip.
If you don't yet have a Chip Cash ISA, you’ll need to open one before you can transfer your existing cash ISAs to Chip. Opening a Chip Cash ISA is simple and takes just a few minutes.
You can transfer your full cash ISA balance (i.e., your contributions from previous years' ISA allowances) into your Chip Cash ISA without it affecting your current year's allowance. Your total contributions for the current tax year will still be capped at £20,000. Please note that we can’t accept partial transfers; if you wish to bring your existing cash ISA(s) to Chip, you will need to transfer your entire balance.
You can initiate and track your ISA transfer in-app, and our award-winning customer support team is always here to help.
Download Chip: Get the app from the App Store or Google Play;
Open a Chip Cash ISA: Set up your account quickly and easily;
Request your transfer: When your Chip Cash ISA is open, tap the ‘Transfer’ button to request your transfer;
We'll do the rest: Sit back and relax as we handle the nitty-gritty.
See how much you can save
See how much interest and tax you could save in 5 years with Chip’s Cash ISA.
What are the competitors rates?
The interest rate depends on the type of cash ISA and the chosen provider. Fixed rate cash ISAs offer a guaranteed return for a set period, whereas variable rate cash ISAs may change if the provider adjusts its interest rates.Cash ISA interest rates can vary between financial providers, so it’s always good to do your research with comparing Cash ISA rates. Here’s the current ISA rates from recognisable providers:
Almost double the highest ‘Big Four’ easy-access interest rates.
As your wealth grows, so does the possibility of you paying tax on your savings interest. This makes the Chip Cash ISA the next logical step in your wealth building journey.
2.50%
Highest of the. ‘Big Four’* Cash ISA Accounts
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Chip Cash ISA
Frequently asked questions
Everything you’ve ever wanted to know about the Cash ISA. New terms in effect from 18 June 2024: Cash ISA Key Features & Summary Box
You can transfer your full Cash ISA balance (i.e. your contributions from previous years’ ISA allowances) into your Chip Cash ISA without it affecting your current year’s allowance; Your total contributions for the current tax year will still be capped at £20,000.
You can find a list of ISA managers we currently support here.
We're working to expand our list of supported ISA managers but please note that some providers require a 'wet signature' or transfers via post which we're currently unable to facilitate.
We can’t accept partial transfers; if you wish to bring your existing cash ISA(s) to Chip, you will need to transfer your entire balance.
The annual ISA allowance is £20,000 across the four different types of ISAs available, this includes the Cash ISA. For example, if you had deposited £10,000 in your Chip Stocks and Shares ISA and £10,000 in a Chip Cash ISA, you would have reached your annual ISA limit. Your annual ISA allowance resets at midnight 5 April 2025. After this point we are in a new tax year and your new £20,000 ISA allowance comes into effect. New money can be split between each ISA type. One each per tax year.
A flexible ISA allows individuals to withdraw money from their ISA accounts and then replace it within the same tax year without affecting their annual ISA allowance. Also, if you withdraw your money in our Cash ISA, you won’t receive any restrictions or penalties.
Interest is paid on the fourth working day of each month.
Minimum deposit is £1 and there is no maximum deposit in your Chip Cash ISA. However, your ISA allowance for 2024/25 is £20,000 per year (this limit also includes subscriptions you make into other types of ISA you hold).
There are no fees or charges associated with opening and holding Chip Cash ISA. Fees and charges may apply for additional features that you may choose to use.