Chase Saver With Boosted Rate

SVts

I'm in the process of moving my savings from Monument Bank as their rates are now dragging behind and I'm looking at the Chase Saver With Boosted Rate as I prefer to have instant or short access(30 days max ).

However I find the following a little confusing;
The MoneyFacts website states that the Chase Saver With Boosted Rate allows instant access but that the Interest must be compounded. 

Will my rate be affected if I chose to withdraw the interest monthly?

Also is the interest paid on the same day of the month as the opening the account  i.e opened 1st July interest paid 1st August?

Thanks

la531983

Interest is paid on the 1st. Doesn't matter what day you open it.

ColdIron

SVts said:

Will my rate be affected if I chose to withdraw the interest monthly?

The rate(s) will not be affected but the amount you earn will reduce

Scroll down to:

How compound interest works for savings

https://www.moneysavingexpert.com/banking/interest-rates/#save

Mr.Generous

I got the boost offer, it's a higher rate than my ISA. 

applepad

Do you know how much you can put in the Chase saver?

I have £10k in a one year fix ending soon

MarkFromCornwall

"There is a maximum deposit limit of £3,000,000 across all Chase saver account(s) you hold with us."

sdm1985

My Chase Saver paid out today, the day the boost ended. This is very odd. Anyone else received interest today?

jimexbox

sdm1985 said:

My Chase Saver paid out today, the day the boost ended. This is very odd. Anyone else received interest today?

Yes, I received my Interest today. Perfect as everything is being moved. 

adindaspantai

My Chase Boosted Saving has dropped to 2.25%.

I understand a new customer could get a favourable interest rate. Is there any trick to get the new rate ? what about open a new account using the second mobile device ?? Or What abut closing it and open a new one to get the favourable interest rate ??

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82005429#Comment_82005429

Not that I am aware of, if there had been am sure someone would have posted on here. If you close your account, you won't be able to open a new account with them. You would be better checking their T's and C's to clarify, but am sure this is the case.

poolboy

My chase boost has a while to go but I m struggling to line up a decent alternative. Any chance you could post up what you do as I like to run them in parallel. I like chase as it pays well and does instant transfers.