Earn 3.81% AER (variable tracker)

Chip Easy Access Account

Interest paid monthly
FSCS protection
Instant access

New customers can earn a boosted rate of up to 3.81% AER (variable tracker) for 12 months1

  • Made up of a 3.50% standard variable rate, plus a 0.31% new customer boost for 12 months
  • After 12 months, rate reverts to the standard 3.50% AER (variable tracker)
  • Interested is paid monthly
  • Three penalty-free withdrawals in a 12 month period2

18+, UK tax resident & app only. T&Cs apply. Summary Box

Download app
Chip Instant Access Account Powered by

13.81% AER (variable tracker). 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 0.31% AER (0.30% gross) new customer boost applied for 12 months from the day you open the account.


If you make 4 or more withdrawals in a 12-month period, you'll move to the reduced rate, which is 2.10% AER lower, for the rest of that period. During your first 12 months, this is the reduced rate + boost of 0.31% AER (variable tracker). After your boost ends, it's the reduced rate of 1.40% AER (variable tracker).

Eligible deposits are protected under Financial Services Compensation Scheme up to £120,000.

Motivating you to stay on track. With full access.

Chip Easy Access is built to help you hit those important life goals, without locking your money away.

Download app
What is an Easy Access account?

An easy access savings account lets you earn interest on your money while keeping it accessible. You can make up to 3 withdrawals in a 12-month period without affecting your rate. If you go over this, your rate will reduce for the remainder of the 12 months. It's a flexible way to save without locking your money away for a fixed term.

New customer offer

Earn 3.81% AER

(variable tracker) for 12 months

Standard rate of 3.50% AER and 0.31% AER boost for 12 months.

Download app

This offer is for new customers only, see more information in the Easy Access Summary Box.

1T&Cs apply. 3.81% AER (variable tracker). 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 0.31% AER (0.30% gross) new customer boost applied for 12 months from the day you open the account. Rate changes if you withdraw more than 3 times in 12 months, learn more about withdrawals here. For more information see the Chip Easy Access Summary Box.

Built for the goals worth waiting for.

Start saving towards a house deposit, your wedding, that trip you’ve always talked about...

Download app
Designed for long-term growth

Make up to 3 penalty free withdrawals every 12 months, giving you a great rate while keeping easy access to your money.

Learn more.
Interest calculated daily

Interest accrues daily and is paid monthly, so your balance continues to build steadily in the background. No complexity. With progress you can see.

Helping you stay on track

Your money is always accessible. But three penalty-free withdrawals a year might make you think twice about that impulse purchase you don’t need.

3x penalty-free withdrawals every 12 months

What happens to your rate

See what happens to your rate if you exceed 3 withdrawals within your first 12 months, and after your new customer boost ends.

First 12 months

Boost applied

New customer boost

After 12 months

No boost

Up to 3 withdrawals

in a 12-month period

Standard rate + boost

3.81%

AER (variable tracker)

Standard rate

3.50%

AER (variable tracker)

4 or more withdrawals

in a 12-month period

Rate reduced by 2.10% AER

Reduced rate + boost

1.71%

AER (variable tracker)

Reduced rate

1.40%

AER (variable tracker)
Trustpilot

Why open an Easy Access account with Chip?

Download app

Chip is designed to grow your wealth

Manage your Easy Access account and other financial products all in our award-winning app. Best personal Finance App 2025 (British Bank Awards).

Building wealth has its perks

Check the Rewards Hub to see what you're eligible for, and what's next.

We’re here for you, seven days a week

Our dedicated UK-based support team is available 7 days a week, there to help when you need it.

What is an Easy Access account?

An easy access savings account lets you earn interest on your money while keeping it available to withdraw when you need it. A flexible way to save without locking your money

Easy access to your savings

Your money is always accessible so you can save with flexibility while earning interest. You can make up to three penalty free withdrawals every 12 months.

Safe and Secure

Grow your savings steadily, and securely. Eligible deposits in the Chip Instant Access account are FSCS protected up to £120,000 per person, per institution2

2You are covered up to £120,000 per bank. The Chip Cash ISA, Chip Instant Access, Easy Access Saver and Chip Prize Savings Account are powered by ClearBank meaning deposits across these accounts and any other accounts held with ClearBank would be eligible for a total of £120,000 of FSCS protection only

A financial app designed to grow your wealth

Trusted by over 400,000 people.

FSCS protected
Biometric security
Secure connections
Fraud monitoring
Instant Support

Powered by ClearBank

All money deposited through Chip into any savings account is eligible for protection by the Financial Services Compensation Scheme (FSCS), subject to conditions and £120,000 per bank limits.

How we keep your money safe

Protect yourself with biometrics

Protection for your mobile device with biometric login. As an additional security layer all Chip users need to create a 6-digit PIN to access their app.

Keeping your money safe

Bank-level encryption

Every connection to Chip is secured with bank-grade encryption and built on Open Banking technology – the regulated standard for seamlessly linking accounts.

Keeping your money safe

We’ve got your back

Our systems continuously monitor for suspicious activity, helping keep your account protected from fraudsters.

How we fight fraud

Help when you need it

Our UK-based customer support team is just a message away, ready to help whenever you need it.

Contact us
You are covered up to £120,000 per bank. The Chip Cash ISA, Chip Instant Access, Easy Access Saver and Chip Prize Savings Account are powered by ClearBank meaning deposits across these accounts and any other accounts held with ClearBank would be eligible for a total of £120,000 of FSCS protection only. 

Saving terms explained

Make sure you understand all the key saving terms when it comes to comparing and understanding how each of our savings accounts works.

AER (Annual Equivalent Rate)

The AER is the true rate of interest you'll earn on your savings over a year, taking into account how often the interest is paid and added to your balance (compounded).

It gives you a standardized way to compare different accounts, regardless of their specific interest payment schedule. A higher AER means your money will grow faster over the year.

Gross p.a (Gross per annum)

The Gross p.a rate is the headline interest rate paid on your savings before any income tax has been deducted from the earnings.

It represents the simple, stated rate of return on your money. The term 'per annum' (p.a.) confirms the rate is calculated annually, or over a period of one year.

FAQs

See our Smart Cash ISA frequently asked questions below. Find all our up to date terms here.

How Easy Access Saver rates work for new and existing Chip customers

New customers: The 12 month 3.81% AER (variable tracker), is a temporary boost rate (+0.31% AER for 12 months) and is only available to new customers who join Chip using a valid promo code. The offer began on 11:00 on 15 June 2026. See the terms here.

Existing customers: If you’re an existing Chip customer, you’ll either earn the standard rate (see below), unless you are currently on another promotional rate. You can find your rate details in your app.

Standard/basic rate: The standard rate for the account is 3.50% AER, with a gross rate of 3.45%.

If you make 4 or more withdrawals within a 12 month period your rate will drop by 2.10% to either; 1.71% AER (variable tracker with the boost applied), or; 1.40% AER (variable tracker with no boost applied); for the remainder of the 12 month period since opening the account.

Tracker rate: The gross rate for the Chip Easy Access Saver tracks at 0.30% below the current Bank of England base rate. This means when the base rate moves up or down, your rate will move on the same day.

Read more about how our tracker rates work here.

How many penalty-free withdrawals can I make per year?

You are allowed 3 penalty-free withdrawals in a 12-month period.

What happens if I exceed the allowed number of penalty-free withdrawals?

It's important to plan your withdrawals carefully if you wish to maintain the higher interest rate.

If you exceed the set number of 3 penalty-free withdrawals in the 12-month period (which commences on the date your account is opened), your interest rate will be reduced by a margin of 2.10% AER.

With the rate boost applied this would give you a reduced rate 1.71% AER (variable tracker) for the remainder of those 12 months (until your rate boost expires, then it would drop to 1.40% AER).

When does my 12 month rate boost start?

Your rate boost is applied automatically as soon as your Easy Access Saver account is open.

Can I transfer money between accounts without affecting my interest rate?

Transfers between different accounts, whether within Chip or to an external account, are considered withdrawals.



To maintain the standard/basic interest rate, it’s important to limit your withdrawals to a maximum of three per 12-month period.

Is there a minimum balance required to open or maintain this account?

No, there is no minimum balance required to open or maintain a Chip Easy Access Saver account.



You can start with any amount that suits your savings goals and build your balance over time.

How often is interest paid on the Chip Easy Access Saver?

Interest on the Chip Easy Access Saver accrued daily and paid out monthly (on the fourth working day of the month). This means you can see your savings grow consistently over time, with interest added to your account each month.

Still have questions?

Contact
Iframe is blocked. Accept cookies to load it.

By clicking "Accept", you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our Privacy Policy for more information.