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
MSE weekly email
FREE weekly MoneySaving email
For all the latest deals, guides and loopholes simply sign up today – it's spam-free!
Join the MSE Forum discussion
Related Articles
-
Crucial deadline to boost your state pension extended to 31 July – here's what you need to know
7 March 2023![]()
The deadline to top up missing national insurance years between 2006 and 2016 has been extended to 31 July 2023. -
Martin Lewis: Less than six weeks left for millions to boost their state pension by £10,000s – and some can do it for free
7 March 2023![]()
If you're aged under 70, you have just weeks left to boost your state pension by £1,000s or even £10,000s – so check NOW. -
NS&I to increase Premium Bond prize rate AGAIN to 3.3% – here's all you need to know
14 February 2023![]()
The odds of each £1 Premium Bond number winning a prize will remain at 24,000-to-one, but there will be more higher value prizes available. -
Martin Lewis: Three important questions for anyone with a cash ISA
25 January 2023![]()
Don't pay tax on your savings interest? Then cash ISAs are probably not for you. If you do, and a cash ISA works, then make sure you check your rates as most earn diddly squat.
22 March 2023
-
Beat April price hikes
Martin's 11 must-do NOWs
-
Superfast fibre '£18/month'
Broadband hikes are coming
-
15GB data Sim for '£5/month'
Or '£9/month' for 100GB
-
Tesco Clubcard triple-up axed
3 months left to max gains
-
FREE £50 investment
It's back!
-
'Got a Power of Attorney?'
'It's probably more important than a will'
-
Important Budget briefing
Including Martin's video summary
-
Read the full email
For all the latest deals, guides and loopholes simply sign up today – it's spam-free!
-
Ovo launches one-year fixed tariff – but is it worth switching to?
24 March 2023![]()
Almost every household has been charged the same price for their energy over the last year under the Energy Price Cap (EPC) and the Energy Price Guarantee (EPG), with no cheaper fixed deals to switch to. That has now changed, with Ovo launching a one-year fix for existing customers that undercuts the EPG level of £2,500 a year. -
BT customers 'forced into overdrafts' after duplicate payment error - here's what you need to know
24 March 2023![]()
BT customers have complained that they've been forced into overdrafts after payments were wrongly taken twice this month. The telecommunications giant said it will refund any duplicate payments taken automatically. -
Martin Lewis: Four urgent ways you may be due £1,000s in tax back – if you're married, had a PPI payout, wear a work uniform or even just pay tax
23 March 2023![]()
If you're married or in a civil partnership, have ever had a PPI payout, wear a uniform to work or pay any income tax, you could be due £100s or even £1,000s in tax back – but you'll need to check urgently. -
Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings
23 March 2023![]()
The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn. -
Broadband and mobile users to be hit with price hikes of up to 17.3% in April – here's what you need to know
23 March 2023![]()
Millions of BT, EE, O2, Plusnet, Shell, Sky, TalkTalk, Three, Virgin Media and Vodafone customers will be hit with price hikes of up to 17% this spring, on the back of a sharp increase in the cost of living.
-
Martin Lewis: Is it time to ban unnecessary Christmas presents?
5 December 2022![]()
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: The one thing everyone aged over 66 needs to know
29 November 2022![]()
It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills.
.png.rendition.320.320.png)
Clever ways to calculate your finances
