Chase boosts easy-access saver but axes current account interest rate

Chase has introduced a new bonus rate on its easy-access savings account, making it one of the best products on the market. But is the bank cutting benefits elsewhere?

Signage is displayed outside of a Chase Bank branch in Redondo Beach, California.
(Image credit: Photo by PATRICK T. FALLON/AFP via Getty Images)

Chase has launched a new bonus offer on its easy-access savings account, making it one of the most competitive savings products on the market. 

The bank is offering customers a 1% AER fixed bonus until 16 January 2025. This takes the overall interest rate to 5.1%. The popular provider launched a similar offer in April this year – but the eligibility criteria were narrower. What’s more, the deal was pulled from the market shortly after.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.