Chase slashes its easy-access savings rate – is it time to switch?

The Chase easy-access savings account has proved popular with savers thanks to its competitive rate and bonus deals. But, as the rate has dropped, has it lost its charm?

Chase bank logo in a storefront in New York.
(Image credit: Photographer: Angus Mordant/Bloomberg via Getty Images)

Note: the rates mentioned in this article have disappeared. Please see our up-to-date article on the Chase saver for the latest rates. 

Chase customers have seen the rate on their easy-access savings account plummet after the bank – a MoneyWeek Readers' Choice favourite – dropped rates on 8 August, following the Bank of England base rate cut

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Top rates on a balance of £10,000Interest (annual equivalent rate)Details
Ulster Bank Loyalty Saver5.20%Full rate only paid on balances over £5k.
Principality Building Society Online Bonus Triple Access5.00%Rate includes a 1.40% bonus paid for 12 months. Limited to three withdrawals per calendar year including closure.
Paragon Bank Double Access Saver4.91%Limited to two withdrawals per year. On your third withdrawal, the rate drops to 1.5% AER.
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.