Write a review

Go to business site

Chip: Prize Savings Account reviews

Name: Prize Savings Account
Rating: 4.92 (381 reviews)

View other Chip products

4.92

Based on 381 reviews, last reviewed 9th Mar 2026

35700% increase in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

94%

2 star

Latest highest rating:

5

Absolutely love it Absolutely love how easy it is to save with chip and that i can set it so I can save as much or as little as I want Reviewed on: 9th March 2026

Latest lowest rating:

1

I reckon this is rigged and only a select few will a... I reckon this is rigged and only a select few will actually win a prize… the rest of us who saves our money with them are just being used. I also once... Read more Reviewed on: 11th February 2026

Read all reviews Write a review

About this product

Review Chip: Prize Savings Account now

Help others make smarter decisions by sharing your own experience.

Write a review

Chip Prize Savings Account reviews (381)

Absolutely love it

Absolutely love how easy it is to save with chip and that i can set it so I can save as much or as little as I want Reviewed on: 9th March 2026

Savings doubled at. Chip

I invested in chip and doubled my savings interest which helped me with my down-payment fir my dream.home! Friend referral gave us both a win win! Reviewed on: 25th February 2026

Unlimited prize winning saving account.

Unlimited amount you can save , every £10 is put in for a draw each month, after the time it needs to be in to Qualify. This prize winning saving account can be money , holidays or voucher's depending what's on offer which is shown ahead and with the chance to win a big prize of £250 occasionally. Very accessible account to put in and out , 1st prize winner is notified by phone or even something special like a stay in a hotel with a loved one like Jan 2026 winner. Who doesn't want to be part of that ! Money can be paid back into the account for even more chances to wn next time - Completely safe and covered upto £85k by fSCA Reviewed on: 25th February 2026

Quick and efficient

Quick and efficient, Whenever I needed to contact them I have just gone through the app and received an answer straight away. It is very easy to with draw money and put it back in. Easy to create new accounts, like cash ISA, savings accounts and prize savings Reviewed on: 21st February 2026

Saving with Me Chip

Transfer process simple and easy Reviewed on: 18th February 2026

Switch to a prize savings account

Great alternative bank account - makes boring low interest accounts with miserly rates look boring, winning a prize, even £10 is far more satisfying and brings a little bit of fun into saving. This product has ben a great place to safely rest my money before deciding what to to with it on a longer term investment. Reviewed on: 17th February 2026

Great app!

Great app! Super easy to use. One of the best interests on the market Reviewed on: 17th February 2026

Easy to keep up to date with the online app.

Easy to keep up to date with the online app. Deposit/withdraw/transfer all immediate transactions. Great rates on savings with easy access. A bit of fun with the Prize account. Reviewed on: 16th February 2026

CHIP are really shaking things up....

CHIP are really shaking things up in the financial sector, as for far too long now we've been restricted to the stale old institutions who got away with charging high fees and paying little interest, as well as delaying interest increases, but interest rate drops happening a 'millisecond' government dictated it... no better than a bunch of rogues really. CHIP on the other hand seem to be far more customer focussed and user-friendly, and their rates are good and their products are quite innovative, such as the Prize Savings Account, which is like a modern day Premium Bonds. CHIP are a breath of fresh air and they're really shaking things up in the financial world - well done! Reviewed on: 16th February 2026

Very simple and does not affect your ISA allowance.

Very simple and does not affect your ISA allowance. Adds a bit of fun to saving. Reviewed on: 16th February 2026

Do you have a different Chip product?

Share your experiences with products to help others make smarter financial decisions and learn more about different products available. Write a review

Alternative products

Savings
from Leek Building Society 4.92 from 5004 reviews
Savings
from Hodge Bank 4.48 from 5 reviews
Online Saver Plus
from Triodos Bank 4.94 from 423 reviews

Want to see more from Chip?

Stocks & Shares ISA
from Chip 4.98 from 257 reviews
Cash ISA
from Chip 4.97 from 1036 reviews
Instant access savings
from Chip 4.96 from 285 reviews

View all products

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account

News, guides and insight from our team

View resource hub