- Chip is a wealth-building app, designed to make saving and investing easier for everyone.
- Founded in 2016, the app has over 500,000 users and operates on both free and paid plans.
- Through their automation platform, Chip makes it easier to save and invest monthly, without missing a payment. They offer a number of savings accounts, investment funds and ISAs, making the choice easy for their customers.
Website: www.getchip.uk
What Is Chip?
Chip is a wealth building platform, designed to make saving and investing easier.
Founded in 2016, it makes the process of saving and investing simple. And with a community of over 500,000 users, it’s certainly working. The platform works by allowing its users to easily access high-interest savings accounts and funds for them to invest in. As so many people find these aspects of financial management confusing, it takes the choice out of the equation and presents its community with the best options.
Not only that, but Chip’s automate feature means money is automatically saved and invested, meaning users can grow wealth without lifting a finger. And, with everything in one place, the community can more easily keep track of their savings and work on reaching their financial goals.
What Makes Chip Unique?
Whilst there are quite a few savings platforms out there, Chip stands out for a few reasons. First, its automation feature means users can set up their savings without missing a payment. By making these contributions regularly, the community can continue to generate returns from their money.
Not only that, but it also allows people to invest in multiple plans, making it easy for them to diversify their portfolio.
In addition to saving and investment features, Chip also has tons of helpful guides for people to learn more about financial planning. With schools in the UK not teaching about things like taxes and ISAs, Chip helps people learn about the basics so they can make more informed choices about their money.
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Is There A Market For Wealth-Building Apps?
Yes! People will always want easy to use tools that help them build financial independence. According to FinCap, about 39% of UK adults struggle to save regularly, so automated savings apps are becoming more appealing.
Not only that, but as inflation continues to grow, young people are looking for ways to make their money work for them and provide good returns. Chip helps by offering both high-interest savings accounts and easy access to investment funds. And with everything manageable through one app, it makes the process easier than ever before.
How Much Is Chip’s Paid Plan?
Chip charges £5.99 per month for their paid plan, which includes their autosave feature, full use of Funds as well as access to their savings accounts, ISAs and more.