Chip
7.2#3 in automated savings appsFrom £5.99 a monthFree planAndroidiOS
VisitChip vs PiggyVest
What both publish
| Fact | Chip | PiggyVest |
|---|---|---|
| Company history | Chip says it was founded in late 2017 and began with automatic savings. | PiggyVest says it launched as Piggybank.ng on January 7, 2016, and rebranded in April 2019 as it began offering direct investment opportunities. |
| Headquarters | London, England, UK | Victoria Island, Lagos, Nigeria |
| Security | Chip says Open Banking is regulated by the FCA and permissions are re-authenticated every 90 days. | PiggyVest says it uses 256-bit SSL encryption, encrypts card and bank data, and provides two-factor authentication. |
| Support | Chip says its support team is available from 8am to 8pm on weekdays and 9am to 6pm on weekends. | PiggyVest lists an office in Victoria Island, Lagos, and provides an email address, social accounts, and phone number for contact. |
| What it does | Chip offers savings accounts and investment funds in one app to help customers build long-term wealth. | PiggyVest helps customers save and invest to achieve financial goals. |
Chip plans
- BasicFree
- ChipX£5.99 a month
- Basic planFree
- ChipX plan£5.99 a month
PiggyVest plans
- PiggyVest servicesFree
Pick Chip if…
Chip suits people who want savings goals and investment products managed through one app. It may also suit customers who want automatic saving, provided they account for the 45p charge per autosave on Basic.
Pick PiggyVest if…
PiggyVest suits people who want scheduled or goal-based savings, including group challenges, as well as those considering its investment opportunities. Its savings options include longer-term locking and a tool for setting aside rent and household bills.