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Chase to increase saver account rate to 2.1%

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  • Digital bank Chase is increasing the rate on its popular saver account to 2.1% AER*
  • The rate will increase from 1.5% AER and will take effect from 24 October
  • The rate increase will be automatically passed onto all existing and new customers
  • The Chase saver account, which is linked to the Chase current account, combines a competitive rate with a flexible and straightforward way to save
  • Customers can open multiple saver accounts to help reach their savings goals
  • Savers can deposit up to £250,000 across all their saver accounts with no fees from Chase for accessing their money

Shaun Port, Managing Director for Everyday Banking at Chase, commented: “We’re increasing the rate on our saver account to help new and existing customers make their money work harder, in what we know is a challenging time for everyone. With costs increasing, having greater flexibility and access to savings, without being charged fees, is increasingly important for people when managing their money. The Chase saver is linked to Chase’s current account which offers 1% cashback on everyday debit card spending for a year, and 5% AER interest on small change round-ups.”

Details:

18+, UK residents

2.1% AER (2.08% gross) variable, paid monthly, maximum of 10 saver accounts. T&Cs apply

Cashback exclusions apply, available for first 12 months

5% AER (4.89% gross) variable, paid monthly. T&Cs apply.

More Information:

Other stories about Chase in the United Kingdom published on #DisruptionBanking include:

Chase launches new saver account with market-leading 1.5% rate | Disruption Banking

Digital bank Chase launches “Refer a Friend” scheme | Disruption Banking

Chase exceeds one million UK customers as it marks first year anniversary | Disruption Banking

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