Chase 1.5% Easy Access

masonic

vernall said:

If you are abroad and using your chase account to pay for thing, I’m enquiring regarding Apple Pay rather than the physical card, does your phone actually use any physical data to make the Apple payment? Not in the hotel say where you would probably be connected to Wi-Fi but more like out and about where you would be picking up a 3G or 4G signal from whatever provider is close…. Just wondering if this could rack up an unexpected bill using data whilst abroad

No, the transaction is carried out using communications made by the payment terminal, not your phone. I never have wifi or mobile data enabled when out and about shopping.

Bigwheels1111

masonic said:

It looks like Bigwheels has opened two savings accounts and named one of them "Cashback". The My Rewards account (which holds cashback earned from the 1% debit card cashback offer) does not pay interest and is not included in the list of accounts at the top. The 1.5% savings account will always display 1.5% AER underneath it, while the current account does not display a rate because there is no interest payable. The Round-up account if activated will display 5% AER under it.

masonic said:

It looks like Bigwheels has opened two savings accounts and named one of them "Cashback". The My Rewards account (which holds cashback earned from the 1% debit card cashback offer) does not pay interest and is not included in the list of accounts at the top. The 1.5% savings account will always display 1.5% AER underneath it, while the current account does not display a rate because there is no interest payable. The Round-up account if activated will display 5% AER under it.

Should have made it a bit clearer.
First account is the current account.
Second account is the savings account also at 1.5%
Third one is spare bills money and any cash back from card spending, It’s a second savings account pot.
I think you can have up to 10 pots.
I will open a third pot next month called holiday, makes it easy to keep track of what’s what.

Daliah

Bigwheels1111 said:

I think you can have up to 10 pots. 

That‘s right, you can have up to  10 savings accounts. You can change the name of each of them to whatever suits you, and each can have its own icon. You can also close accounts in the app.

wiseonesomeofthetime

You can also change the colour of the icons, which I utilise as an additional differential between my current accounts and savings accounts

wiseonesomeofthetime

kev2009 said:

 But if I could get the cash back on things like fuel, parking etc then I will work out what that will be and may then be worth using the spending account and putting some money in it.

Thanks

Kev

I have received cashback on my petrol and parking charges.

1882

RG2015 said:

jewelly said:

I never received any interest in my savings account on1st May. When I went into the account it states 0% interest but I thought it was supposed to be 1.5%. It’s the account with the piggy bank icon. Anybody know what has gone wrong? I’ve tried messaging them, but no reply so far. I’m very disappointed as I have moved a lot of savings into there from other accounts.

A user on the thread link below also had this problem on 1st April, which appears not to have been resolved as yet.

https://forums.moneysavingexpert.com/discussion/6349859/chase-missing-interest/p1

This was my message and it has been resolved and I've updated the thread in question.

It took them quite a while to get back to me and it turns out (as one poster suggested) I'd inadvertently opened an additional current account rather than a savings account and therefore it wasn't due any interest.

I confused the matter by giving it the name savings account which made me think otherwise. On the basis that the customer service agent didn't (as would have seemed reasonable) immediately pick up on this and instead opened an investigation into it I was given compensation of an amount a bit higher than the interest I missed out on.

RG2015

jewelly said:

Bigwheels1111 said:

jewelly said:

I never received any interest in my savings account on1st May. When I went into the account it states 0% interest but I thought it was supposed to be 1.5%. It’s the account with the piggy bank icon. Anybody know what has gone wrong? I’ve tried messaging them, but no reply so far. I’m very disappointed as I have moved a lot of savings into there from other accounts.

Silly question, when you open the account what do you sell.

I see joe blogs account, current account 
Below that, savings did not rename and just below 1.5% AER
Then Another one called cashback 1.5% AER.
Did you set up a second current account instead of a savings account.

Mine has the 2 accounts. Spending account and savings account, although the savings account does not have 1.5% under it. I clicked on the 3 dots on the savings account where I saw it said 0% interest. I don’t know how this has happened. I don’t have the 3rd account you have called Cashback 1.5%

The only place that I see 0% interest is on the 3 dots on my current account.

jewelly

1882 said:

RG2015 said:

jewelly said:

I never received any interest in my savings account on1st May. When I went into the account it states 0% interest but I thought it was supposed to be 1.5%. It’s the account with the piggy bank icon. Anybody know what has gone wrong? I’ve tried messaging them, but no reply so far. I’m very disappointed as I have moved a lot of savings into there from other accounts.

A user on the thread link below also had this problem on 1st April, which appears not to have been resolved as yet.

https://forums.moneysavingexpert.com/discussion/6349859/chase-missing-interest/p1

This was my message and it has been resolved and I've updated the thread in question.

It took them quite a while to get back to me and it turns out (as one poster suggested) I'd inadvertently opened an additional current account rather than a savings account and therefore it wasn't due any interest.

I confused the matter by giving it the name savings account which made me think otherwise. On the basis that the customer service agent didn't (as would have seemed reasonable) immediately pick up on this and instead opened an investigation into it I was given compensation of an amount a bit higher than the interest I missed out on.

This gives me some hope at least. They suggested I must have opened another current account, but I am almost (!) certain I followed all the correct steps and selected ‘savings’ account. The piggy bank icon automatically assigned to the account assured me that it was a savings account. I believe it was a glitch in the app. They have raised a complaint on my behalf and will investigate, so now I will wait for the outcome.

Ducktard

I am thinking about investing a £226K lump sum and then adding £200/month to one of these. Is interest paid monthly?

Rollinghome

Ducktard said:

I am thinking about investing a £226K lump sum and then adding £200/month to one of these. Is interest paid monthly?

It is, (and you'll likely have someone along soon to tell you shouldn't hold more than the £85k FSCS limit anywhere).