Chip's Smart Cash ISA now pays a market-leading 4.82% AER, earning an Excellent product rating and a Moneyfacts Best Buy designation. Moneyfactscompare.co.uk named the account its Pick of the Week for savings.
Rate Details and Expert Comment
The account offers 4.72% gross or 4.82% AER paid as monthly interest. This includes a temporary bonus of 1.27% gross or 1.32% AER for 12 months. The underlying gross rate is guaranteed to track 0.30% below the Bank of England Base Rate.
Rachel Springall, finance expert at Moneyfactscompare.co.uk, said: "After several rate hikes this week against the competition, Chip has come out on top to lead the market for direct applications with its easy access cash ISA." She noted the account could appeal to savers "looking to supplement their income and still needing to use their 2026/27 cash ISA allowance".
Product Features and Access
The account allows unlimited withdrawals, making it "fuss-free" and "a great choice for savers who want to manage their money on the go", she added. However, transfers in are not allowed. The minimum opening amount is £1, and the maximum investment is the ISA allowance. Further additions are allowed, but no interest is paid for the month if the account is closed or transferred out.
Ms Springall also advised that because the rate includes a temporary bonus, "it would be wise for savers to make a diary note to review the deal when it expires". She added: "However, as an added bonus, savers might appreciate the core rate (3.45% gross) is guaranteed to track 0.30% below the Bank of England Base Rate, so they can benefit from any future rises."
How to Open and Manage
The account is opened and managed via Chip's mobile app. Account holders must be aged 18 and over. Investors can choose between a fee-free Chip subscription or a ChipX subscription costing £5.99 per 28 days. Flexible ISA rules apply.
Comparison with Other Offers
The top-rated easy access Cash ISA on Moneyfactscompare.co.uk is Trading 212's Cash ISA Promo Rate, with an AER of 4.83% and gross interest of 4.73%, including a 12-month bonus. Unlike Chip's product, the Trading 212 bonus applies only to new deposits made in the current tax year, not to funds transferred from another ISA.
