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Chip: Prize Savings Account reviews

Name: Prize Savings Account
Rating: 4.92 (380 reviews)

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4.92

Based on 380 reviews, last reviewed 25th Feb 2026

35600% 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

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

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

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Chip Prize Savings Account reviews (380)

Been banking with Chip since 2021 and always find th...

Been banking with Chip since 2021 and always find their innovative products keep me engaged and coming back for more. Reviewed on: 11th February 2026

So good I invested in them.

So good I invested in them. Clear and professional app, good options, strong rates. The prize fund account is a nice touch as its different to all the usual offers. whats not to like Reviewed on: 11th February 2026

Really easy to use and a fun way to save.

Really easy to use and a fun way to save. I love the chance to win prizes each month, and the app makes managing everything simple. A great alternative to traditional savings. Reviewed on: 11th February 2026

Nice surprise

I've had a Prize Account for about a year, and win something most months - I look forward to the draw each month as it's a nice boost to see I've won something; if not there's always next month! Reviewed on: 11th February 2026

Numerous ways to save

I’ve used Chip for sometime now and like the options to save and the ease of savings transactions I would definitely recommend! Reviewed on: 11th February 2026

A nice modern take on Premium Bonds style saving.

A nice modern take on Premium Bonds style saving. Instead of interest, your balance gives entries into monthly prize draws, all managed in a very slick app. Deposits and withdrawals are quick and the money is FSCS protected via their partner bank, so it feels safe and easy to use. The main downside is returns aren’t guaranteed. Some months you win nothing, so it shouldn’t replace a proper interest paying savings account. Overall, it works best as a motivating side pot rather than your main savings. Fun, simple and surprisingly effective at encouraging you to save. Reviewed on: 11th February 2026

Great way of saving , goes automatically from your a...

Great way of saving , goes automatically from your account so you end up saving a lot more that just putting away a set amount Reviewed on: 11th February 2026

Best savings app out there!

Best savings app there is, easy for users to navigate, clear information and good returns. Reviewed on: 11th February 2026

Brilliant account

Easy to use, great customer service, easy access can’t think of a negative Reviewed on: 11th February 2026

Easy to use App and the the Prize Saving Account is...

Easy to use App and the the Prize Saving Account is a good incentive Reviewed on: 11th February 2026

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