Chase Boosted Saver

friolento

Scrooge_McDuck86 said:

friolento said:

Scrooge_McDuck86 said:

Word of warning to anyone looking at the currently top rated IA Savings accounts for a Chase replacement, check Ulster's Trustpilot reviews before jumping in... barge... pole... 

I haven't looked at Trustpilot for Ulster, and see no reason to do so.

On your own head be it I guess.... 

https://uk.trustpilot.com/review/www.ulsterbank.co.uk

If there were any serious issues with Ulster, these would have been discussed on the MSE Forum by now. I am afraid, "I have read something bad on Trustpilot" doesn't couny as a serious issue, whether it is Ulster or any other bank.

SloughSally

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

Kim_13

SloughSally said:

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

1% cashback on groceries and travel. I never used to bother, as my 0.5% CC paid off using Halifax Rewards debit card turned it into 1.5% most of the time, but now Chase is the clear winner for those purchases.

ColdIron

The 1% cashback is still useful, I smoke and Costcutter are included. Not bad in Tesco either with clubcard points as well. For other bills their 0% credit card for 15 months is good. The savings rates are poor at the moment but they are not the only benefit

Bobblehat

SloughSally said:

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

Because I'm getting 4.75%AER on RS feeder savings atm and an easy set up for extra sacrificial current accounts to switch away for a switch award elsewhere ... and 1% cashback etc.

ToastLady

SloughSally said:

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

As well as answers above, it's prudent to keep Chase account for possible future better savings rates, should they introduce them, as I believe if you close down your accounts completely, they won't let you back. 

Scrooge_McDuck86

Rheumatoid said:

Scrooge_McDuck86 said:

friolento said:

Scrooge_McDuck86 said:

Word of warning to anyone looking at the currently top rated IA Savings accounts for a Chase replacement, check Ulster's Trustpilot reviews before jumping in... barge... pole... 

I haven't looked at Trustpilot for Ulster, and see no reason to do so.

On your own head be it I guess.... 

https://uk.trustpilot.com/review/www.ulsterbank.co.uk

These review sites will obviously contain a disproportionate number of negative reviews as people visit them to vent their frustration. Ulster has been great for me and 4.5% well worth having.

If that were actually true then why are Ulster rated at 1.3/5 with virtually no positive reviews and many other banks are getting 4+/5 with a balance of positive reviews?

The issues raised in these reviews run far deeper than things taking too long or simply not having read T&C's.

Zekko

Bobblehat said:

SloughSally said:

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

Because I'm getting 4.75%AER on RS feeder savings atm and an easy set up for extra sacrificial current accounts to switch away for a switch award elsewhere ... and 1% cashback etc.

This.

My 4.75%AER rate is until end June 2026.

x44

Lloyds Bank has an equally worse trustpilot review yet has around 28million customers none of their satisfied ones (and that includes me) can be bothered or have to time to post their satisfaction on Trustpilot.

Among those ranting at Lloyds was a person venting about Lloyds inability to cancel pending payments - no bank can that's the way the system works: so another totally unjustified negative review. another incadescent because Lloyds would not give them a credit card while others would. and so it went on. Another outraged as when they wanted to suspend their overdraft payments this ended up on their credit file with the reference agencies - well duh do think that somehow this wasn't going to happen?

Then we have the umpteen "my account was blocked without notification" - well what do you expect Lloyds to do? do you seriously think ANY bank is going to give you advanced knowledge they are going to block the account.

AndyTh_2

SloughSally said:

Why would anyone have a product with Chase now? 2.5% on EA , no interest on CA , No fixed term bonds etc.

because the savings account has features that are normally only on a current account, such as direct debits and standing orders, and so as a substitute current account with 2.5% interest is uncommon. Makes paying into my many regular savers easy and keeping ahead of bills by paying the money into it the day before it's taken.

also because it tells me the amount that's going to be taken, the day before a direct debit or group of standing orders are due to be taken/paid out. For direct debits that's almost never done elsewhere (some just guess based on previous direct debit payment)

and also because they'll occasionally offer new boosted savers to low balance account holders. I've had 3 boosted savers offers (1 I closed to open another with longer expiration date)
and I'm getting £100 amazon voucher from salary switch offer