The New Top Easy Access Savings Discussion Area

janusdesign

Family BS Online Saver (Issue 5) (NLA) dropping from 4.80% to 4.40% on 6th January 2025

jaypers

Another cop out by Chase……

We’re making some changes to our Saver Account Terms and Conditions from 19 February 2025 that you should be aware of. We’ve outlined a summary of the changes below: 

• The AER of the Chase saver account is currently 1.25% below the Bank of England base rate. We're changing this percentage difference from 1.25% to 1.50%. This means if the Bank of England rate is 4.75%, the AER of our saver will be 3.25%. You can find the Bank of England base rate on their website at any time. 

You've also got a Chase saver with a boosted rate. This boosted rate offer is subject to any changes to the standard Chase saver variable rate.

These changes will apply from 19 February 2025. If you’re happy with them, you don’t need to do anything as they’ll happen automatically.

Cobbler_tone

Chase drop their rate from 19th Feb from 1.25% to 1.5% below the BOE interest rate....i.e. 3.25%

Cobbler_tone

jaypers said:

Another cop out by Chase……

We’re making some changes to our Saver Account Terms and Conditions from 19 February 2025 that you should be aware of. We’ve outlined a summary of the changes below: 

• The AER of the Chase saver account is currently 1.25% below the Bank of England base rate. We're changing this percentage difference from 1.25% to 1.50%. This means if the Bank of England rate is 4.75%, the AER of our saver will be 3.25%. You can find the Bank of England base rate on their website at any time. 

You've also got a Chase saver with a boosted rate. This boosted rate offer is subject to any changes to the standard Chase saver variable rate.

These changes will apply from 19 February 2025. If you’re happy with them, you don’t need to do anything as they’ll happen automatically.

I just received that. Probably need to do some shopping around in the new year when my 4.5% boost expires.

RedImp_2

refluxer said:

KevinG said:

And from 19 February 2025 it changes to 1.5%, that was the big change I had in mind and I'd forgotten it hadn't happened yet.

Well spotted. This change wasn't spelt out in the email sent out about the rate drop on 14th November but, instead, relied upon you clicking on a link. 

For more information on our interest rates and upcoming changes to them, please visit our interest rates page.

I hadn't clicked on that because I presumed the page would simply outline the effect the BoE rate drop would have on both the boosted and non-boosted Chase Saver accounts. 

With that drop from -1.25% to -1.5%, it'll make the non-boosted account very uncompetitive and I suspect they'd need to repeat the most recent 1.5% boost (rather than revert to the previous 1%) for even any future boosted accounts to be worthwhile.

I’ve literally had an e-mail from them saying this only this afternoon.

refluxer

RedImp_2 said:

refluxer said:

KevinG said:

And from 19 February 2025 it changes to 1.5%, that was the big change I had in mind and I'd forgotten it hadn't happened yet.

Well spotted. This change wasn't spelt out in the email sent out about the rate drop on 14th November but, instead, relied upon you clicking on a link. 

For more information on our interest rates and upcoming changes to them, please visit our interest rates page.

I hadn't clicked on that because I presumed the page would simply outline the effect the BoE rate drop would have on both the boosted and non-boosted Chase Saver accounts. 

With that drop from -1.25% to -1.5%, it'll make the non-boosted account very uncompetitive and I suspect they'd need to repeat the most recent 1.5% boost (rather than revert to the previous 1%) for even any future boosted accounts to be worthwhile.

I’ve literally had an e-mail from them saying this only this afternoon.

A change like that did need to be clearly stated in a a direct communication and not hidden away in a link, IMO. Makes you wonder whether they monitor this thread !

Bridlington1

@soulsaver

Chase 6 mth svr now 5%

Chip Easy Access Saver 4.72%

jak22

The boost available for new Chase accounts opened since the 9th seems now to be 1.5% for 6 months - so a total of 5% until the 19th Feb increase in the BoE difference from 1.25% currently and with a BoE meeting on Feb 6th.

Although this is unlikely to be of interest to existing customers with a boost expiring in a month.

Cynergy's new website from next year mentions no longer needing the authenticator app to log in.

soulsaver

jak22 said:

The boost available for new Chase accounts customers since the 9th seems now to be 1.5% for 6 months - so a total of 5% until the 19th Feb increase in the BoE difference from 1.25% currently and with a BoE meeting on Feb 6th.

Although this is unlikely to be of interest to existing customers with a boost expiring in a month.

Cynergy's new website from next year mentions no longer needing the authenticator app to log in.

Some may think it pedantic... but there is a big difference.

Mr._H_2

I use Chase for some savings as it supports outgoing direct debits and standing orders. Are there any accounts other than the Kroo current account that also support DD and SO but pay more interest?