Chase interest rate rise

B0bbyEwing

As someone bumped this thread, I moved mine from santander to chase when chase increase beat santander. 

Now got an email from santander saying they're beating chase so money has been returned. 

Yep I'm well aware someone probably beats santander also but with the way these rates are changing, I can't be faffed opening a new account every other day. I'll go with the best of what I've got. 

Band7

refluxer said:

Fujis said:

Thank you Bigwheela1111 😊 but Still unsure of what to do!! Is it worth the risk putting all of my deposit for the home into Chase for a few hundred pounds? We are only a month or so off completing so need to be sure!

The official daily limit for withdrawals from Chase is £25k but some people have a higher limit - mine is £35k, which is confirmed in the app.

If you're likely to need to move more than £25k in a single day then you'd need to plan ahead but if that's not possible, I would look elsewhere. In my experience, the majority of banks and building societies have some kind of daily limit though but there are exceptions - for example, the Atom Instant Saver (3.20%, app only) doesn't have a daily limit (and payments in and out are instant). Just be aware that payments out of many of the higher interest savings accounts (like Atom or Zopa) have to be made to linked (nominated) accounts, so you would then be subject to that particular bank's limits when making the final payment. 

I use CHIP and Santander. No limit at CHIP, £100k at Santander. Though I would expect to be quizzed by Santander if I request a greater than £10k-ish payment for a new payee. Starling Bank also have a £100k daily limit. Both Santander and Starling also offer CHAPS - not something Chase are offering at present.