Chase cuts rates on linked savers again – should you ditch and switch?

Chase's linked savings rates are currently set at 1.25 percentage points below the Bank of England base rate, which was cut from 5% to 4.75% on Thursday 7 November.

As a result, Chase's standard saver has dropped from 3.75% to 3.5%. Meanwhile, its popular boosted saver, which pays a fixed 1% bonus on top of that standard rate, has gone from 4.75% to 4.5%.

How Chase's new savings rates compare

As shown below, Chase's boosted rate is still decent when compared with the top easy-access accounts elsewhere. But if you didn't manage to grab that before it was pulled in July, and you're on Chase's standard savings rate, you can do a lot better.

Remember: as with all easy-access accounts, the rates below are variable; they can and do change, so you need to monitor them (regardless of whether you stick with Chase or choose to switch).

Can you wait to access your money? Earn more with a notice account

With a notice account, you can ask to withdraw whenever you want, but it takes a certain number of days (normally 30 to 90 depending on the account). So it's somewhere between easy-access and fixing in terms of flexibility.

The current top payer is DF Capital's 90-day notice account at 5.11%. For a shorter notice period, there's Charter Savings Bank's 60-day notice account at 5.06%.

These accounts are variable, so the rates can change, but providers must tell you long enough in advance of rate reductions so that you can get the money out before it drops. For more options, see our regularly-updated Top savings accounts guide.

You'll still get 1% cashback on your debit card spending

Chase remains the highest-paying cashback debit card, letting you earn up to £15 a month on your everyday spending. It's also a top pick for use overseas, as it gives near-perfect exchange rates and doesn't charge any foreign transaction or ATM withdrawal fees.