Chip has upgraded their referral offer for the holiday season. While their standard promotion typically provides a £10 reward, there March 2026 Prize Draw bring something different: enhanced entries into their monthly Prize Savings draw, which features a substantially larger prize pool than usual: £500k !
Chip is an intelligent savings app that uses AI to analyse your spending habits and automatically sets aside small, affordable amounts, helping you grow your savings effortlessly.
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Chip Promo Code: CHIP-LVD016
Above is the current Chip promo code for anyone ready to jump in and claim their promo code right away.
Or, keep reading below for simple step-by-step instructions.
How to Claim Your Bonus entries:
- Sign up to Chip using this link or enter the code ‘CHIP-LVD016’ when registering
- Deposit £10 into your Prize Savings Account within 14 days
- Maintain average balance of £10 in your account throughout March 2026 – that’s all you need to meet the minimum average balance requirements to qualify
- Sit back and wait – you’ll automatically get 100 bonus entries for the draw on 31st March 2026
Note: All entries to the prize draw for January and February 2026 will count towards the March prize draw.
What’s the Prize Savings Account All About?
Think of it like Premium Bonds where you normally earn 1 prize draw entry for every £10 in your Prize Savings Account each month. This December, new customers get a whopping 100 bonus entries on top of their regular entries, as long as they keep £10 or more in the account for the whole month.
March 2026 Prize Pot is £500k!
Chip is going all-out this March 2026 with another whopping £500,000 prize fund. To put that in perspective, when they launched Prize Savings back in autumn 2022, there were only 250 prizes of £10 up for grabs. They’ve come a long way!
What can you win in March 2026?
- 1 x £250,000 grand prize
- 100 x £100 prizes
- 5,000 x £10 prizes
- 20,000 x £5 prizes
That top prize of £250,000 is absolutely enormous compared to the usual £10,000 grand prize you’d normally see (like in November’s draw, which had 1 x £10,000 and 250 x £10).
The important bit: Every entry you have can win a prize independently, which means you could technically win multiple times in a single draw. But equally, you might not win anything at all – it’s all down to luck, just like Premium Bonds.
Good luck!! 🙂
February 2026 Prizes
While smaller prize pots, there are still prizes to be qualify for and win in the January and February 2026 prize draws.
The prize pots are as follows:
- 1 x £10,000 Grand Prize
- 250 x £10 Prizes
The below previous offer is currently not running hence crossed out.
How to Get Free £10 from Chip (New Users Only)
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Download the Chip app using this promo code link. -
If prompted, enter Chip promo code: CHIP-LVD016 (usually tracked automatically). -
Open a Chip Instant Access account. -
Deposit at least £100 -
Keep a minimum £1 balance for 30 days (you’ll also earn interest, currently 3.24%, subject to change). -
After 30 days, your £10 reward will appear in your Chip account.
🔒 Money safety: Chip savings are FSCS protected up to £85,000
Important Reminders:
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Offer is only available to new customers. -
After you get the bonus, you can refer friends and earn £10 per referral. -
After 30 days, you can withdraw anytime with no penalties.
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