Chase 5.1% Saver Account - 1% boost until January [updated]

worriednoob

I have tried to open Chase account, but they declined me.  No reasons given, but I'm thinking of two reasons:-

• I used to have a Chase account which I closed July 2023
• When completing the current Chase account application, I accidently chose that I would be using the account for Investments

Any help would be appreciated.

Wheres_My_Cashback

worriednoob said:

I have tried to open Chase account, but they declined me.  No reasons given, but I'm thinking of two reasons:-

• I used to have a Chase account which I closed July 2023
• When completing the current Chase account application, I accidently chose that I would be using the account for Investments

Any help would be appreciated.

Chase do not accept customers back who have previously closed their current account.

worriednoob

Wheres_My_Cashback said:

worriednoob said:

I have tried to open Chase account, but they declined me.  No reasons given, but I'm thinking of two reasons:-

• I used to have a Chase account which I closed July 2023
• When completing the current Chase account application, I accidently chose that I would be using the account for Investments

Any help would be appreciated.

Chase do not accept customers back who have previously closed their current account.

Thanks. I thought so.  Really disappointed, but hey their rules.

Londonlisa12

Why would you have closed a Chase account? Apart from a short term “switch bonus” benefit?

allegro120

worriednoob said:

I have tried to open Chase account, but they declined me.  No reasons given, but I'm thinking of two reasons:-

• I used to have a Chase account which I closed July 2023
• When completing the current Chase account application, I accidently chose that I would be using the account for Investments

Any help would be appreciated.

One of the rules of this game is - don't close accounts unless it is absolutely necessary. And if you have to close it make sure you still have an account with that institution. I used to close accounts when they turned uncompetitive and missed on some very good products as a result.

tiger70

ashteadgirl said:

Just closed my old 5.1% account and opened new one with bonus until Jan. Thank for all the info on here. Was dubious the loophole may have been close by this morning but all went fine.

If you have money in the old 5.1% account and you close it and open a new one with the bonus until Jan where does that money go ?  Can you open the new one first and transfer the funds over and then close the old one ?

Alex.T

You can select where to transfer it to, either to another Chase saver (I’ve still got the original issue 1 4.1% saver) or your current account. It will also add the accrued interest. Then once the Nov 5.1% is closed, a new pop up box will appear showing the Jan 5.1% saver. Then just transfer that amount into it. It takes no more than 1 minute to do it all. 

Johnny-Cage

tiger70 said:

ashteadgirl said:

Just closed my old 5.1% account and opened new one with bonus until Jan. Thank for all the info on here. Was dubious the loophole may have been close by this morning but all went fine.

If you have money in the old 5.1% account and you close it and open a new one with the bonus until Jan where does that money go ?  Can you open the new one first and transfer the funds over and then close the old one ?

Transfer the funds in to the current account, close your 5.1% then open the Jan 5.1% and transfer the funds from the current account 

tiger70

Johnny-Cage said:

tiger70 said:

ashteadgirl said:

Just closed my old 5.1% account and opened new one with bonus until Jan. Thank for all the info on here. Was dubious the loophole may have been close by this morning but all went fine.

If you have money in the old 5.1% account and you close it and open a new one with the bonus until Jan where does that money go ?  Can you open the new one first and transfer the funds over and then close the old one ?

Transfer the funds in to the current account, close your 5.1% then open the Jan 5.1% and transfer the funds from the current account 

I thought that would be the way, just thought I would make sure first , thanks .

Hal17

I need some help please! When I click on the three little dots I do not see an option to close the account. Reading the posts above, everyone seems to have done it easily.