Chase customer? Check if you can get its newly boosted 4.8% easy-access saver

How to check if you can get Chase's new 4.8% saver

The new boost is only available to some existing Chase customers. Chase hasn't specified the exact eligibility criteria, though it told us you could be eligible even if you've had previous boosts.

If eligible, you should get an email from Chase to let you know. You should also see the offer on the main page when you open the app. From there, just tap 'Get my boost' and follow the on-screen steps. Alternatively, you can go to the 'Save & Invest' tab in the app, then hit 'Add +' and choose 'Chase saver with a boosted rate'.

You can open the Chase saver with £1+ and add up to £1 million in total across any Chase savings accounts – though, as with any UK-regulated bank, you only get protection on up to £85,000 from the Financial Services Compensation Scheme.

New to Chase? While you're not eligible for this deal, if you open a Chase current account, you can get access to a different easy-access saver, paying a slightly lower 4.75% (made up of its 3% standard variable rate and a 1.75% six-month boost).

The boost only lasts six months – and your rate could drop before then

The boosted saver is set up as a fixed bonus of 1.8% AER for six months, on top of Chase's standard saver rate, currently 3%. So if you were to successfully apply for the boost today, it would only last until the end of October 2025.

What's more, Chase's standard rate is variable and is set at 1.5 percentage points below the Bank of England base rate. This means the total rate on your boosted saver could still go up or down before the 1.8% bonus is due to end.

For example, if the Bank cuts the base rate from 4.5% to 4.25% at its next meeting on Thursday 8 May, Chase's standard rate would fall from 3% to 2.75% – and your boosted saver would then pay 4.55% (1.8% on top of the standard rate).

Chase's rate can be beaten – but only just

Right now easy-access cash ISAs – a type of savings account where you never pay tax on interest – pay the top rates on the market. Our top pick, Trading 212, offers 5.07% with unlimited withdrawals.

If you've already used up your £20,000 ISA allowance for this tax year, Chase's new boosted saver offers the top rate (if only for a limited time).

The next-best standard easy-access account is from app-only savings and investments provider Sidekick, which pays 4.76% with unlimited withdrawals. This rate includes a year's fixed bonus, and you'll need to deposit at least £5,000 to get it.

For full info and more options, including a straightforward 4.59% easy-access account you can open with £1, see our Top savings accounts guide.

Want rate certainty? Consider fixing

While easy-access savings allow greater flexibility, variable rates mean you can't be certain of longer-term returns. Fixed rate accounts let you lock in at a set rate for a fixed number of months or years. You won't be able to withdraw your money until your account 'matures' at the end of the fix, but you'll be guaranteed that rate for the duration.

Fixed-rate accounts typically run between one to five years – you can find a full list of our best buys on our top savings page. The current top payers include Oxbury at 4.51% for six months and Tandem Bank at 4.55% for one year.

Chase has offered similar boosts in the past

This is not the first time Chase has offered fixed 'boosts' to its easy-access savings account – it's sometimes offered it to just new customers, other times to existing customers meeting certain eligibility criteria.

Chase, for example, offered a similar deal in the middle of last year when the account paid 5.1% – made up of a 1% six-month boost on top of its standard variable rate, then paying 4.1%. This was available to new customers and existing customers with less then £50,000 saved across Chase savings accounts.