The New Top Easy Access Savings Discussion Area

RedImp_2

Opening my Chase app this morning I was offered a 1.8% boosted savings account meaning 4.8% for 6 months.
Does seem a bit daft have to add a new account as now I have three savings accounts with them.

ToastLady

RedImp_2 said:

Opening my Chase app this morning I was offered a 1.8% boosted savings account meaning 4.8% for 6 months.
Does seem a bit daft have to add a new account as now I have three savings accounts with them.

Thanks for that, just checked and I've got the offer too. You can easily close savings accounts within the app if you wish. Makes sense for me to shift my monthly spend back to Chase for next 6 months now. 

exel1966

RedImp_2 said:

Opening my Chase app this morning I was offered a 1.8% boosted savings account meaning 4.8% for 6 months.
Does seem a bit daft have to add a new account as now I have three savings accounts with them.

I still have a Saver a/c though it's had a zero balance for a few months now.

I have been offered the boost, there is a 'get my boost' box on the Save and Invest page.

Realistically this is likely to become 4.55% on 15th May if the BoE base rate reduces.

janusdesign

Re: Chase 1.8% boosted saver - the terms & conditions for this new issue (4) can be found here.

sammy_zammy

Chase rewarding loyalty rather than solely new customers? What is this?!

jaypers

sammy_zammy said:

Chase rewarding loyalty rather than solely new customers? What is this?!

Their coffers must be depleted with all the cash everyone took out because they messed up their 1% cashback. ‘Loyalty’…….haha, means nothing. 

Speculator

The 4.8% chase boosted saver makes all regular savers paying 4.8% or less obsolete for the next 6 months.

Not even sure it's worth paying into my Coventry Homesaver iss 1 just to gain an extra 0.05%.

flaneurs_lobster

Speculator said:

The 4.8% chase boosted saver makes all regular savers paying 4.8% or less obsolete for the next 6 months.

See what happens after the next MPC meeting on May 8th, might not be the obvious choice if/when it's underlying rate is reduced.

refluxer

Speculator said:

The 4.8% chase boosted saver makes all regular savers paying 4.8% or less obsolete for the next 6 months.

The only caveat to that is that the Chase account will drop with the base rate (so possibly as early as next week), whereas some of the Regular Savers you're talking about may be fixed, I guess ?

Bridlington1

Speculator said:

The 4.8% chase boosted saver makes all regular savers paying 4.8% or less obsolete for the next 6 months.

Not even sure it's worth paying into my Coventry Homesaver iss 1 just to gain an extra 0.05%.

Whilst the 1.8% bonus is fixed, the underlying interest rate of 3% is tied to the BOE base rate if I'm not mistaken. If the BOE base rate is cut by 0.25% next Thursday 4.8% falls to 4.55% rather quickly.