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CHASE Boosted Savings Rate
Comments
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Shall we just say, nobody actually knows how this works and leave it at that. Flogging a dead horse comes to mind.I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.3 -
Are you not enjoying the running commentary about which forum members and their friends and family have or have not received the offer?trickydicky14 said:Shall we just say, nobody actually knows how this works and leave it at that. Flogging a dead horse comes to mind.
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In a word NO.masonic said:
Are you not enjoying the running commentary about which forum members and their friends and family have or have not received the offer?trickydicky14 said:Shall we just say, nobody actually knows how this works and leave it at that. Flogging a dead horse comes to mind.I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.1 -
Hi, I have managed to get this account with the boosted rate. I have had my first months interest and it is significantly less then I expected. Can anyone please explain how the interest works? Would it be 4.45% per month or is it only 4.45% after the six months. I have calculated my interest rate and it is less than 1%. Granted it was not a full months amount - opened it on the 7th of May.I did message Chase customer services for clarification but ended up with more questions than answers.0
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It won't be 4.50% (or 4.45%) per month. That would be over 50% per yearoliverhandley said:Hi, I have managed to get this account with the boosted rate. I have had my first months interest and it is significantly less then I expected. Can anyone please explain how the interest works? Would it be 4.45% per month or is it only 4.45% after the six months. I have calculated my interest rate and it is less than 1%. Granted it was not a full months amount - opened it on the 7th of May.I did message Chase customer services for clarification but ended up with more questions than answers.The rate is 4.50% AER, that's Annual Equivalent Rate or 4.41% Gross (another annual rate)If you deposited £1,000 and kept the interest in the account for a year you would have £1,045As the rate is only paid for 6 months you would expect to receive £1,022.25Don't forget that it tracks the BoE base rate so if that decreases then so will the rate of interest2
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