Chase Boosted Saver

DodgerPot

Mr_blibby said:

Mr_blibby said:

poseidon1 said:

Chase has reminded me my boosted offer terminates on 24 October when the interest rate will then collapse to 2.5%.

Just before then I will move a six figure sum elsewhere and see if that, together with the actions of  other like minded Chase saver's triggers a new boost offer.

just diarised a similar move on our 2 accounts - I like the app and the speed of transfers etc, but not at 2.5% interest ... 

Just moved mine to Zopa 4.75% which includes the boost for a year - looked at Cahoot, but having no app is a downside for me

Agree with you 
much prefer to use App based accounts these days. I do have Cahoot as well but it’s so clunky to use and login with passwords codes sent before you can get to your accounts. 

I liked Chase App while the rates were good my boost ends 31st so sadly I’ll be leaving minimal funds in it to move across to Zopa.

would you happen to know if there’s a minimum balance I’d need to remain in Chase to keep the account open in case of future offers ?

wmb194

DodgerPot said:

Mr_blibby said:

Mr_blibby said:

poseidon1 said:

Chase has reminded me my boosted offer terminates on 24 October when the interest rate will then collapse to 2.5%.

Just before then I will move a six figure sum elsewhere and see if that, together with the actions of  other like minded Chase saver's triggers a new boost offer.

just diarised a similar move on our 2 accounts - I like the app and the speed of transfers etc, but not at 2.5% interest ... 

Just moved mine to Zopa 4.75% which includes the boost for a year - looked at Cahoot, but having no app is a downside for me

Agree with you 
much prefer to use App based accounts these days. I do have Cahoot as well but it’s so clunky to use and login with passwords codes sent before you can get to your accounts. 

I liked Chase App while the rates were good my boost ends 31st so sadly I’ll be leaving minimal funds in it to move across to Zopa.

would you happen to know if there’s a minimum balance I’d need to remain in Chase to keep the account open in case of future offers ?

No, you can keep zero in it.

refluxer

DodgerPot said:

I liked Chase App while the rates were good my boost ends 31st so sadly I’ll be leaving minimal funds in it to move across to Zopa.

would you happen to know if there’s a minimum balance I’d need to remain in Chase to keep the account open in case of future offers ?

It's a good idea to leave the Chase current account open as they won't let you rejoin in the future if you close it. I dip in and out of Chase Savers whenever the rate is competitive, but maintain the current account for the 1% cashback on supermarket purchases. 

In general, I always keep £1 in any savings account I want to keep open if a minimum balance isn't stated, just in case a £0 balance for any length of time eventually gets questioned or triggers a closure. As this is a current account though, you'd probably get away with £0 (as previously suggested).

DodgerPot

Thanks for both responses 
I’ve never actually used the Chase current Spend account at all purely operated the Spend & Invest account with the boosted rate for savings. That’s interesting that if closed Chase don’t allow rejoining. 

I’ll keep a small balance and dip in and out and top up occasionally just to keep the accounts operational 
Thanks 

refluxer

DodgerPot said:

Thanks for both responses 
I’ve never actually used the Chase current Spend account at all purely operated the Spend & Invest account with the boosted rate for savings. That’s interesting that if closed Chase don’t allow rejoining. 

I’ll keep a small balance and dip in and out and top up occasionally just to keep the accounts operational 
Thanks 

There's no need to keep the Saver account open so you might as well close that one if you're going to empty it. If they did launch a new bonus rate offer on their Saver account in future, you'd need to open a new one anyway.

DodgerPot

refluxer said:

DodgerPot said:

Thanks for both responses 
I’ve never actually used the Chase current Spend account at all purely operated the Spend & Invest account with the boosted rate for savings. That’s interesting that if closed Chase don’t allow rejoining. 

I’ll keep a small balance and dip in and out and top up occasionally just to keep the accounts operational 
Thanks 

There's no need to keep the Saver account open so you might as well close that one if you're going to empty it. If they did launch a new bonus rate offer on their Saver account in future, you'd need to open a new one anyway.

Ah ok thanks 
so I can close the savings ( spend & Invest ) account and just keep minimal in the current account ? To keep the chance of future bonus rates 

wiseonesomeofthetime

refluxer said:

DodgerPot said:

Thanks for both responses 
I’ve never actually used the Chase current Spend account at all purely operated the Spend & Invest account with the boosted rate for savings. That’s interesting that if closed Chase don’t allow rejoining. 

I’ll keep a small balance and dip in and out and top up occasionally just to keep the accounts operational 
Thanks 

There's no need to keep the Saver account open so you might as well close that one if you're going to empty it. If they did launch a new bonus rate offer on their Saver account in future, you'd need to open a new one anyway.

This is what I have done this week.

Rate was due to collapse next week, so I just upgraded my Cahoot Simple Saver to a 5% Sunny Day Saver and threw the entire balance in there (£100s, not £ks) and closed the Chase Savings account as it was no longer required. All done within minutes tbh.

refluxer

DodgerPot said:

refluxer said:

DodgerPot said:

Thanks for both responses 
I’ve never actually used the Chase current Spend account at all purely operated the Spend & Invest account with the boosted rate for savings. That’s interesting that if closed Chase don’t allow rejoining. 

I’ll keep a small balance and dip in and out and top up occasionally just to keep the accounts operational 
Thanks 

There's no need to keep the Saver account open so you might as well close that one if you're going to empty it. If they did launch a new bonus rate offer on their Saver account in future, you'd need to open a new one anyway.

Ah ok thanks 
so I can close the savings ( spend & Invest ) account and just keep minimal in the current account ? To keep the chance of future bonus rates 

Yes - exactly.

sdm1985

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

sausage_time

sdm1985 said:

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

Yes, me too!  Thanks, had not noticed.

Funds moved to Ulster Bank for now.