MSE News
Chase boosts interest rate on easy-access saver to 2.1% – but you can get higher rates elsewhere
Chase, the app-based bank account, is boosting the interest rate on its linked easy-access savings account to 2.1% – its first rate rise since the bank's launch last year. New and existing savers will automatically get the new rate from Monday 24 October – but you can already get higher easy-access rates elsewhere.
Both new and existing customers will get the new rate automatically
If you open a new Chase saver account from Monday 24 October, you'll get the new rate of 2.1%.
Existing customers will also have the new rate automatically applied to their accounts from the same date.
But in either case, it could be worth looking at other options, as you can earn more interest elsewhere.
Top easy-access savings currently pay up to 2.55%
While Chase's new rate is likely to put it among the top payers, it is currently beaten by other providers.
For example, right now Skipton Building Society offers 2.55% on its limited-access account which allows two withdrawals per year, while app-only bank Zopa pays 2.15% on its straightforward easy-access account with unlimited withdrawals.
And you can boost rates further – up to 5.12% – if you're willing to jump through a few hoops or if you don't need instant access to your cash. See our Top savings guide for more info and options.
Digital banking competitor Marcus is also boosting rates
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