Chip promo, discount and referral codes for January 2025

Chip
Deal

Free 0.26% AER boost when you refer a friend to Chip

Invite your friends and once your friend has deposited at least £5,000, receive a 0.26% AER boost. T&Cs apply.
Get deal

How to earn a £50 deposit bonus with Chip?

  1. You must be a new user and sign up using a referral link or promotional code
  2. You must make a minimum deposit of £5 into your Chip account after signing up
  3. The bonus is usually applied after your deposit is completed and verified, usually within 30 days
  4. Your account must be fully verified, including linking your bank account

How to get a free 0.26% AER boost with Chip?

  1. Invite your friends from the ‘promos and referrals tab’ in your app.
  2. Share your unique referral code with your friends.
  3. Your friend must deposit at least £5,000 into an eligible account.
  4. Your friend must hold at least £5,000 in their account for 30 days.
  5. You will then earn an additional 0.26% AER boost for 90 days on up to £250,000 in your eligible account.

There’s no limit to the number of friends you can refer to and the more you invite, the longer Chip will boost your rate. For example, if you refer four people, you’ll get your boosted rate for the best part of a year.

About Chip

Chip is an automatic savings and investing app that uses AI to calculate an affordable amount that can be saved automatically without impacting your day-to-day life. Chip offers 3 savings accounts, including a Cash ISA, an Instant Access account or a Prize Savings account. Chip analyses spending through AI, accessing historical spending through Open Banking. Chip is compatible with most UK bank accounts and is regulated by the FCA. Whilst Chip is not a bank, it is FSCS protected as Chip’s savings accounts are provided by UK-authorised ClearBank Ltd. Chip is free to download but the autosave feature will cost 45p per autosave as well as 25p per recurring save.

Pros and cons of Chip

Pros

  • Access to your money anytime.
  • FCA regulated.
  • FSCS protected.
  • Free to download.
  • Multiple account options.

Cons

  • No branches.
  • Not compatible with all banks (e.g. Chase).
  • Recurring saves and autosaves come with a fee.
  • Limited FSCS protection through the regulated banks Chip partners with.
  • Only able to currently connect one bank account to Chip.

Alternative offers

We also have other similar cash sign-up bonus deals, refer-a-friend offers, and more. We also keep a regularly updated bank switch offers guide if you’re looking to switch banks as part of our free money guide offers.

The offers compared on this page are chosen from a range of products we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations), aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When making a big financial decision, it's wise to consider getting independent financial advice, and always consider your own financial circumstances when comparing products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

More resources on Finder

More guides on Finder

Go to site