For a limited time only, Chip are offering 30 Pence readers a £50 sign up bonus when they join as a new customer and deposit £1,000 into a new Cash ISA.
Chip currently offers one of the best paying Cash ISA's at 4.5%. It's a flexible ISA, so you can make unlimited withdraws without impacting your ISA allowance.
Your £1,000 deposit will earn £45 in tax-free interest plus the £50 bonus. That's £95 extra in your pocket, just for moving some savings across.
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This is a limited time offer that expires 30th September 2026.
the quick version
Click the button below to join Chip (or use code CHIP-YLB393 in the app), deposit £1,000 into a Smart Cash ISA (which pays 4.5%) and you'll get £50 extra added to your account after 90 days of holding the £1k balance.
Here's how to get your £50 from Chip:
1) Tap the button below and enter your email address. You must use either our link or our promo code to get the free £50.
2) Download the Chip app and sign up using the same email address that you entered on the landing page.
3) When you're signed up, check the promo code is active by clicking Profile on the bottom menu, then Promos & Rewards.
You should see an active reward on this page, but if you don't, just click 'Enter Promo Code' and enter the code: CHIP-YLB393 to apply this offer.
3) Open a Smart Cash ISA and deposit at least £1,000. You can also transfer an ISA from somewhere else, and it will qualify for the offer provided it's over £1,000.
4) Keep at least £1,000 in your account for 90 days.
5) Chip pays your £50 into your Instant Access account once you've met all the requirements above. That means you'll get your reward in about 90 days after depositing the funds.
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Already downloaded the app without our code? No panic. You can add the promo code CHIP-YLB393 manually within 14 days of downloading.
Why You Should Take Advantage Of This
If you put £1,000 into the Smart Cash ISA at 4.5% AER for a full year you'd earn £45 in interest (provided the base rate doesn't change).
Add the £50 sign up bonus and your total is £95. Your £1,000 becomes £1,095.
That works out as an effective 9.5% return on your first year.
There's no other ISA or savings account that offers an effective 9.5% on £1,000.
What Is The Chip Smart Cash ISA?
It's Chip's flexible cash ISA. You can save up to £20,000 each tax year and the interest you earn is completely tax-free.
It's flexible too. You can take money out and put it back within the same tax year without it eating into your £20,000 allowance.
Your money isn't invested, so there's no risk of it going down. And eligible deposits are FSCS protected up to £120,000.
Key Details You Need To Know
You must be a new Chip customer. If you've had a Chip account before, the £50 offer won't apply.
You need to deposit at least £1,000 and keep at least £1,000 in your account for 90 days. If your balance drops below £1,000, the 90 day clock starts again.
The £50 is paid into your Chip Instant Access or Prize Savings account, not the ISA itself. Your £1,000 can sit in the Smart Cash ISA earning interest while you qualify.
Use the same email address for the referral link and the app, and make sure code CHIP-YLB393 is attached. That's how Chip matches the offer to you.
The 4.5% AER rate is variable and for new customers. It can change, and it typically reverts to a lower standard rate after 12 months, so check the latest rate in the Chip app before you apply.
You need to be 18 or over, a UK resident, and pass Chip's ID and security checks.
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This is a limited time offer that expires 30th September 2026.
Frequently Asked Questions
Do I need to switch banks to get the Chip £50?
Not at all. There's no switch involved. You just open a Chip account, deposit £1,000, and leave it for 90 days. Your current account stays exactly where it is.
Is the £50 bonus really free?
Yes. There's no fee to open a Chip account and no catches on the bonus. Hold £1,000 for 90 days and the £50 is yours. It's free money for moving some savings across.
Can I take my money out after 90 days?
Yes. Once you've had your £50, the Smart Cash ISA is fully flexible. You can withdraw whenever you like with no penalty.
Is the 4.5% interest tax-free?
Yes. It's paid inside a cash ISA, so all the interest is tax-free, no matter what you earn. That's the whole point of an ISA.
How long does the £50 take to arrive?
Chip pays it into your Instant Access or Prize Savings account once you've met all the requirements. Budget for a few working days after the 90 day holding period ends.
I already have a Chip account. Can I still get the bonus?
No. The offer is for new customers only. If you've ever had a Chip account, you won't qualify.
Is Chip safe?
Yes. Chip is FCA authorised and eligible deposits are FSCS protected up to £120,000. Your Smart Cash ISA money is held with UK licensed banks.
Why does Chip pay people to sign up?
Because it's cheaper for them than advertising. They'd rather pay £50 to bring in a new saver than run TV ads. It's a win for you and a win for them.
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Ready to grab your £50? It takes about 10 minutes to sign up and the whole thing happens in the app. Use code CHIP-YLB393.
Full disclosure: if you use our code CHIP-YLB393 to open your account, we also get a £50 bonus from Chip. It doesn't change what you receive, and it helps keep 30 Pence running. Thank you.
Last updated: 25th September 2026. Bank and savings offers change fast, so we always recommend checking Chip's own terms and latest rate before applying.
