Chase Savings Rate To Change AGAIN! (3.75% from Oct)

Johnny-Cage

Can you close a Chase and reopen one in future or is it best to leave £1 in it 

refluxer

Johnny-Cage said:

Can you close a Chase and reopen one in future or is it best to leave £1 in it 

I would leave £1 in just to save the hassle of having to re-apply again, as I think that involved taking selfies which is often problematic for some people. 

Just bear in mind this clause about inactive accounts....

What happens if you just stop using your account?

If you haven't used the app or any accounts for 14 months, we may restrict payments into or out of them and suspend access to the app to protect you and us against fraud. We'll try to let you know before we do this. You can get access back by contacting us.

If there's no activity on one of your accounts for 14 months, then we may close it or transfer the funds to another active account you hold with us.

Johnny-Cage

refluxer said:

Johnny-Cage said:

Can you close a Chase and reopen one in future or is it best to leave £1 in it 

I would leave £1 in just to save the hassle of having to re-apply again, as I think that involved taking selfies which is often problematic for some people. 

Just bear in mind this clause about inactive accounts....

What happens if you just stop using your account?

If you haven't used the app or any accounts for 14 months, we may restrict payments into or out of them and suspend access to the app to protect you and us against fraud. We'll try to let you know before we do this. You can get access back by contacting us.

If there's no activity on one of your accounts for 14 months, then we may close it or transfer the funds to another active account you hold with us.

So transfer another £1 in and out per year just make sure it stays open 

refluxer

Johnny-Cage said:

refluxer said:

Johnny-Cage said:

Can you close a Chase and reopen one in future or is it best to leave £1 in it 

I would leave £1 in just to save the hassle of having to re-apply again, as I think that involved taking selfies which is often problematic for some people. 

Just bear in mind this clause about inactive accounts....

What happens if you just stop using your account?

If you haven't used the app or any accounts for 14 months, we may restrict payments into or out of them and suspend access to the app to protect you and us against fraud. We'll try to let you know before we do this. You can get access back by contacting us.

If there's no activity on one of your accounts for 14 months, then we may close it or transfer the funds to another active account you hold with us.

So transfer another £1 in and out per year just make sure it stays open 

Yes, or just shuffle £1 from the current account to the saver or vice versa.

MSE_Petar

Hi everyone,

Thanks for the discussion.

Following the base rate cut last week, Chase's linked savings rates have dropped again, so we've just published the following as a heads-up:

Chase cuts rates on linked savers again – should you ditch and switch?

Thanks,
MSE Petar

exel1966

MSE_Petar said:

Hi everyone,

Thanks for the discussion.

Following the base rate cut last week, Chase's linked savings rates have dropped again, so we've just published the following as a heads-up:

Chase cuts rates on linked savers again – should you ditch and switch?

Thanks,
MSE Petar

Oops, Linked straight back to this thread ! 

eskbanker

exel1966 said:

MSE_Petar said:

Hi everyone,

Thanks for the discussion.

Following the base rate cut last week, Chase's linked savings rates have dropped again, so we've just published the following as a heads-up:

Chase cuts rates on linked savers again – should you ditch and switch?

Thanks,
MSE Petar

Oops, Linked straight back to this thread ! 

Should be https://www.moneysavingexpert.com/news/2024/11/chase-cuts-savings-rates-again/, although 'tracker product tracks rate change' doesn't really seem like news as such....

MSE_James

We've fixed the link in @MSE_Petar's post above

wiseonesomeofthetime

eskbanker said:

exel1966 said:

MSE_Petar said:

Hi everyone,

Thanks for the discussion.

Following the base rate cut last week, Chase's linked savings rates have dropped again, so we've just published the following as a heads-up:

Chase cuts rates on linked savers again – should you ditch and switch?

Thanks,
MSE Petar

Oops, Linked straight back to this thread ! 

Should be https://www.moneysavingexpert.com/news/2024/11/chase-cuts-savings-rates-again/, although 'tracker product tracks rate change' doesn't really seem like news as such....

I agree. The rate prior to the reduction in the BoE interest rate could be beaten then too, so where is the "news"?

Slow day in the office I guess