Chase Boosted Saver

Rheumatoid

Scrooge_McDuck86 said:

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.

Seems like you have an agenda or are bitter about how your experience went. The majority here have had no problems.

sausage_time

sausage_time 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... 

Account opened in 10 minutes. App/web is same platform as RBS and NatWest (which is a positive). So far so good.

Despite the Trustpilot doom and gloom, my new Ulster account continues to serve me well.  Easy to set up (from cold - I had no prior with them), payments in and out happen in seconds, app and web site are delivering what I need.

@Scrooge_McDuck86 - have you had specific problems with Ulster?  

poseidon1

AndyTh_2 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 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

Many who deposit with Chase's deposit account deals, pay no notice to the opportunities to benefit from other aspects of the service they offer.

Their current account is my replacement for cash payments. I periodically credit Chase with funds from my main account with Lloyds bank ( which does pay interest), and all day to day out of pocket spending is via Chase. Their round up function has been enabled with 5% interest running on those small balances. Whenever a boosted offer arises I will then load up significantly over the relevant offer periods ( like yourself have had 3 so far).

I see you have gone even further in exploiting the benefits they offer, clearly because you have taken the time to explore the possibilities. Those who can't be bothered, won't know what they are missing out.

friolento

poseidon1 said:

AndyTh_2 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 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

Many who deposit with Chase's deposit account deals, pay no notice to the opportunities to benefit from other aspects of the service they offer.

Their current account is my replacement for cash payments. I periodically credit Chase with funds from my main account with Lloyds bank ( which does pay interest), and all day to day out of pocket spending is via Chase. Their round up function has been enabled with 5% interest running on those small balances. Whenever a boosted offer arises I will then load up significantly over the relevant offer periods ( like yourself have had 3 so far).

I see you have gone even further in exploiting the benefits they offer, clearly because you have taken the time to explore the possibilities. Those who can't be bothered, won't know what they are missing out.

I can assure you I am not missing out on anything from Chase, and I am sure that’s the case for lots of other forumites.

I have made use of any and all of their relevant offers to date, and the only currently remaining one for me is their credit card which offered me a great 0% on purchases deal which I used to pay for a large spend and which I am now gradually settling. There is presently absolutely nothing else they have that I cannot get better elsewhere. As and if they have another market-leading offer that I am eligible for, I’ll take it up in a flash.

As an aside, I consider their round up a pretty terrible Regular Saver type of account. Terrible because you can only add small amounts into it, and because the rate is anything but market leading. Even the Natwest and RBS round up is superior, if round up appeals to you (it doesn’t appeal to me at all). In addition, using a cashback credit card, paid off monthly in full, is a more profitable way for my day to day spending than using a debit card.

j_netprofit

Just catching up....

Where have those who were/are using chase moving their cash?

It seems I've missed the Zopa rate. Cahoot and Ulster looking next best?

refluxer

j_netprofit said:

Just catching up....

Where have those who were/are using chase moving their cash?

It seems I've missed the Zopa rate. Cahoot and Ulster looking next best?

I managed to get the bonus rate for Zopa but have also used Cahoot and Ulster and had no issues with either of them. Cahoot don't have an app so I use online banking via a browser, but others have reported you can log in to the Santander app with your Cahoot details (which is presumably easier if you don't already use it for banking with Santander).

Ch1ll1Phlakes

j_netprofit said:

Just catching up....

Where have those who were/are using chase moving their cash?

It seems I've missed the Zopa rate. Cahoot and Ulster looking next best?

Yes Zopa bonus rate is gone. Unless you want the Santander Edge current account, the Cahoot and Ulster Bank accounts are the next best in terms of interest rate.