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Chip: Savings App reviews

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4.93
Based on 14,519 reviews, last reviewed 12th Oct 2024
38% decrease in 5 star reviews
in the past 90 days
No new 1 star reviews
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Latest highest rating:

5

Excellent. Excellent. Good returns, easy to use. Reviewed on: 12th October 2024
Tom's avatar
Tom

Latest lowest rating:

2

Lack of privacy When connecting my bank account to CHIP it wants access to my banking transactions for the last few years. This is surely social profiling? Reviewed on: 28th September 2024
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Noah Sark
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About this product

Chip allows users to connect their current accounts and automatically save a little money every few days.

Using Chip to help save money already? Please leave some honest feedback on your experiences with Chip in the form of a quick review. Your Chip review helps others decide which personal finance app is right for them.

Or here to see if Chip is just what you need? Read our Chip reviews to see what our community has to say about this innovative new app.

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Chip Savings App reviews (14519)

Real, Reliable 21st Century Money Management

5
Fast, efficient and great value for money and once you have sampled this, it is so easy to recommend to friends and family that they benefit from such a great bank. A link between your current account and Chip is soon arranged and as soon as your current account (earning no interest!) has a little surplus to immediate requirements it can almost instantly transferred to your Chip account, which still offers almost 5% interest (22.2.24)! When required to reinforce your current account the required sum can be transferred with the same speed. I have recommended 2 family members and they have taken up the option, which will see us both receive a bonus. On the 6th of April I shall be opening a Chip ISA, which not only has a great interest rate, it also allows the same speedy transfers should money be required, as the balance remains sheltered by the ISA 0% Tax deductable! With the loss of tax free savings allowance increases interest can soon become taxable so this extra cushion will stop me worrying about that! Chip also has a prize giving area which can be dipped in and out of if you are lucky & again getting your money out or putting it back to earn great interest can be immeciately actioned. I have not used Chip's investing area as have long standing connections elsewhere, but to those who have little or no experience the facilities on offer look good and again will no doubt be of the same high standard. I have not experienced any problems with Chip and with 2 relatives also actively running their finances through the Chip know they share this great service! Such a refreshing and innovative on line service that I am both pleased and proud to be a user of. Real 21st Century Money Management to which I probably should have applied to be an owner of (though did not take up the offer of!) Time may mean I add "with regret" to, though am totally satisfied in just using such great, reliable and profitable services. Reviewed on: 22nd February 2024
David F's avatar
David F

Fantastic Savings App

5
I have been using Chip for sometime as previously I had struggled to save regularly as it involved a 'conscious' effort to do so whereas with Chip this occurs automatically. it also notifies me before taking the amount thereby allowing me to adjust it (either up or down) or even cancel that save if I need too. I also had to contact their customer service once when I was unable to access my old phone to transfer the account to a new one and this was dealt with promptly. I honestly can't think of any negatives from my aspect Reviewed on: 22nd February 2024
Martin S's avatar
Martin S

Consistently high interest rates

5
Consistently high interest rates on their savings account over the last year means I haven't felt the need to go chasing the best deals as the base rate has constantly changed. And the ease of saving what I can regularly really takes the pressure off. Reviewed on: 22nd February 2024
Henry Covey's avatar
Henry Covey

I joined on a referral scheme and was very sceptical...

5
I joined on a referral scheme and was very sceptical as I get easily overwhelmed with these sort of products, but I loved it and stayed. But I find it easy to manage, I feel my money is safe and the interest is amazing. Highly reccomend! Reviewed on: 22nd February 2024
Joana C's avatar
Joana C

As Chip is purely app based, they better get it righ...

5
As Chip is purely app based, they better get it right, and they have. It's easy to use. On top of that, it was the best savings rate I could find. Reviewed on: 22nd February 2024
anbesoon's avatar
anbesoon

Excellent, easy to use app.

5
Excellent, easy to use app. Quick and simple to add or withdraw funds from or to your linked bank account. For a long while they offered the highest savings instant access savings account rate, but is no longer the top rate. Reviewed on: 22nd February 2024
Richard W's avatar
Richard W

easy and great interest

5
easy to add and remove money. with great interest. Reviewed on: 22nd February 2024
Rui N's avatar
Rui N

Simple and easy way to save money.

5
Simple and easy way to save money. The app is friendly, accessing your money and making withdrawals no hassle. Reviewed on: 22nd February 2024
Jen W's avatar
Jen W

Great savings account

5
It’s a great savings account for when you have a good amount of money in there. I have benefitted massively from using a chip account. Reviewed on: 22nd February 2024
Bobby M's avatar
Bobby M

Great stuff!

5
Great stuff! It just works. The app is well designed and the projects are good Reviewed on: 22nd February 2024
Paul Millhouse-Smith's avatar
Paul Millhouse-Smith

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