Protection
FSCS£120,000
Min balance
£1
Max balance
£1,000,000
Access
Instant
Interest paid
Monthly
The Rate You'll Get
Boosted rate – new customers
3.81%AER
Standard 3.50% + 0.31% boost for 12 months, new customers only
Standard rate
3.50%AER
Variable tracker, 0.30% below Bank of England base rate
4+ withdrawals (with boost)
1.71%AER
Reduced rate for remainder of 12-month boost period
4+ withdrawals (no boost)
1.40%AER
Reduced rate after boost expires or for non-boosted customers
How It Stacks Up
Ranks 42nd of 152
Easy access accounts we track
This account 3.81%
- UK CPI (Aug 2026)
- 3.10%
- Pays 0.71% more
- Average easy access
- 2.83%
- Pays 0.98% more
- Best easy access
- 5.00%
- Pays 1.19% less
Inflation: ONS. Averages and best rates: accounts on DepositScout.
A better-paying alternative
Tembo
HomeSaver
4.55%
AER
- Pays 0.74% more than this Chip account
- Instant access, open with £10
We may earn a commission if you open this account.
A Good Fit For
- Pro: New and existing savers
- Pro: Savers who want instant access
- Pro: Savers who want a monthly income
Worth Weighing Up
- Con: Rate drops to 3.50% after 12 months
- Con: The rate is variable, so it can go down
Good to Know
A Chip app account is required to open this account.
Please verify all details with the provider – see our Disclaimer
See all Chip accounts
