Chip

3.7

#6 of 40 Cash ISAs #24 of 47 Stocks & Shares ISAs

Website Fees Review

Overview

Chip is a UK-based savings and investment app that helps users automatically set aside money through AI-powered algorithms. The platform offers various investment options, including stocks and shares ISAs, general investment accounts, and easy-access savings accounts. Known for its user-friendly interface, Chip partners with established banks to safeguard deposits and provides access to competitive interest rates through its marketplace of savings products.

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Fi Score This is a subjective score awarded by Financial Interest based on the account or platform's offering.

Stocks & Shares ISA

3.3

SIPPThis broker does not offer SIPP or we have not added it to our dataset yet.

N/A

Junior Stocks & Shares ISAThis broker does not offer Junior Stocks & Shares ISA or we have not added it to our dataset yet.

N/A

Junior SIPPThis broker does not offer Junior SIPP or we have not added it to our dataset yet.

N/A

Lifetime Stocks & Shares ISAThis broker does not offer Lifetime Stocks & Shares ISA or we have not added it to our dataset yet.

N/A

Lifetime Cash ISAThis broker does not offer Lifetime Cash ISA or we have not added it to our dataset yet.

N/A

Cash ISA

4.0

Chip Offers

Chip welcome bonus

We're not aware of a welcome bonus for Chip at this time.

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Chip Fees & Review

Stocks & Shares ISA
Cash ISA

Stocks & Shares ISA

Fi Score rankingWhere this ISA ranks compared to other ISAs based on Fi Score T24

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £25

ISA fee notes ^{Chip's Basic (free) plan is cheapest for balances under £26k. ChipX, costing £5.99 monthly or £65.05 annually is cheapest for balances over this as the platform fee goes from 0.25% to zero.}

Minimum account chargeThe minimum amount you need to pay for this Stocks & Shares ISA, excluding account fee reductions or discounts. £12

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). N/A

In-specie transfersDoes the broker support the transfer of investments? Yes

^ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. 0.25%

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. £5.99 per month

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA, excluding trading volume discounts. £0

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

^{Mutual funds}

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.25%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. £71.88

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA, excluding trading volume discounts. £0

Fund regular investing feeThe amount you'll pay to invest in mutual funds when using an ongoing regular investment. N/A

^Shares

Share trading feeThe amount you'll pay to invest in company shares, excluding trading volume discounts. N/A

This page may contain errors. We try our best to maintain accuracy but offer no guarantees. Please reach out if you see something that needs correcting.

The Chip Stocks & Shares ISA allows investors to choose their own investments in ETFs, mutual funds, commodities, and money market funds, offering fractional shares – meaning you don't have to buy whole units, making it more affordable to invest. You're also able to select ready-made portfolios or opt for a professionally-managed option. This ISA doesn't offer individual shares.

As this is a flexible ISA, you can withdraw and redeposit in the same tax year without affecting your annual ISA limit.

In-specie transfers are supported, meaning you can transfer your portfolio from another investment platform – or to another platform – as long as the same assets are available on both.

Chip ranks joint-12th by Fi Fee for small investors (£10,000 portfolios), and they drop down to 17th for large portfolios (balances of £500,000). To invest, you only need a minimum lump sum deposit of £1.

Chip's Basic (free) plan is cheapest for balances under £26k. ChipX, costing £5.99 monthly or £65.05 annually is cheapest for balances over this as the platform fee goes from 0.25% to zero.

Cash ISA

Interest rate (AER)The interest rate offered in their easy access (withdraw anytime) Cash ISA, or closest equivalent, at the time of our last update. 3.55%

Flexible?Can you withdraw and redeposit without affecting your annual ISA limit? Yes

Maximum withdrawalsThe most withdrawals you can make before it affects your interest rate Unlimited

Chip's cash ISA (easy access) offers a 3.55% interest rate to new customers — a rate that lasts for 12 months — with ongoing users getting a rate of 3.49%. It’s a flexible cash ISA, allowing you to withdraw and redeposit in the same tax year without affecting your annual ISA limit.

There are no yearly limits to withdrawals, and you must maintain a minimum balance of £1.

This is the joint-12th ranked cash ISA on Financial Interest. They rank 11th by long-term interest rates (with short-term promotional rates excluded) and 19th with their short-term boosted rate for new customers.

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