Chase has an unbeatable savings account offering a whopping 5.1% interest rate but customers must act swiftly as the offer wraps up tonight.
Savers have the chance to jump on a “top pick” savings account boasting a stellar 5.1% interest rate as Chase’s compelling deal is set to expire on July 17, precisely at 11:59pm.
The financial powerhouse, backed by JP Morgan, typically promotes its easy-access account flaunting a generous 4.1% return.
However, adding in a nifty extra 1% bonus last month catapulted this account to “top pick” glory, as declared by the renowned experts over at Money Saving Expert.
Despite the attractive 1% bonus being locked in, it’s worth noting that the bedrock 4.1% remains a variable element, potentially shifting gears before we hit January 16, 2025.
Savvy customers securing their accounts by tonight’s deadline can bask in the assurance of standing 1% richer than latecomers missing out on the special offer.
Come January 16, 2025, the high-flying bonus will bid adieu, adjusting the interest rate to whatever holds sway for Chase’s regular saver rates at that juncture.
Savvy investors leaping into action and depositing £1,000 today can anticipate a comfortable £1,025.18 total balance just six months down the line, post-bonus period.
This projection presumes no withdrawals or additional deposits occur, and that Chase steadfastly maintains its saver rate until the January 16.
The account is available to new customers of Chase. To be eligible, individuals must open a free current account with the banking app, which does not conduct any hard credit checks and does not require a complete switch.
To open a current account with Chase, one must be over 18 years old and a UK resident. A smartphone and a UK mobile number are also required, along with being a tax resident in the UK.
Existing members can also avail of this offer if they meet certain criteria. This includes joining the bank from May 2 without a saver account or having less than £50,000 across all their Chase saver accounts.