Chip – Investments and Savings App Review

Chip is an award-winning savings and investments app that provides several savings accounts, instant access savings, savings plans, and investment funds. The app is licensed for free and is available on the iPhone platform, under the Business & Productivity category, specifically in the Finance subcategory.

One of the app’s unique features is its Prize Savings Account, which offers a chance to win £10,000 each month by holding an average balance of £100 in the account. Moreover, the app provides AI-powered savings plans, which automatically save up money, or users can create a bespoke plan to top up their savings accounts and investment funds. Users can invest in a wide range of assets globally, specialise in ethical investments and clean energy, or invest in emerging markets. The app also offers Stocks and Shares ISA and General Investment Account (GIA).

In terms of security, the app provides the highest level of security, including 256-bit encryption, 3D Secure, and the latest Open Banking technology. All savings accounts in Chip are eligible for FSCS protection on up to £85,000 of savings. The app has won the Personal Finance App of the year 2022 at the British Bank Awards, and the award-winning UK-based customer support team is available to help users.