Chase Saver account review

- Rate
- 5% AER variable (includes a 2.17% bonus )
- Withdrawals
- Easy access
- Account type
- Variable
Our verdict
It's always a good time to check for a better savings deal. Find out how to boost your rate with the Chase Saver.
Chase's saver account with its boosted rate is one of the most competitive easy access interest rates available, offering a decent rate without restricting access to your hard-earned money. The catch is that you have to open a Chase current account first. If you're OK with that, then you'll enjoy the slick app and features like goals and round-ups. Plus it's pretty seamless to open multiple of these accounts through the app (up to 10 of them in fact) – so you could have one for a rainy day, one for that special holiday, one for a new car...you get the picture! Just remember the boosted rate is only fixed for 12 months, after which the saver returns to Chase's standard rate.
Check out our guide to best bank accounts for more information.
Pros
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Earn 5% AER variable interest
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Easy access
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FSCS protected
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Easy to open and manage via the app
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Open up to 10 accounts to save for different goals
Cons
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You’ll need to hold a Chase bank account to qualify
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No branches if you prefer face-to-face banking
Details
Account overview
Account name | Chase Saver With Boosted Rate |
Account type | Variable |
Provider | Chase |
Rate | 5% AER variable (includes a 2.17% bonus ) |
Gross Rate | 4.89% |
Interest paid | Monthly |
Interest paid details | 1st of Month |
Access to branch network | |
Min. opening balance | £0 |
Maximum deposit | £3,000,000 |
Min. operating balance | £0 |
Applicant min. age | 18 |
Tax note | Interest is paid without tax being deducted, but may be taxable depending on your personal circumstances |
Withdrawals | Easy access |
Product management
Open via mobile app | |
Operate via app | |
Open via website | |
Operate via website | |
Open via branch | |
Operate via branch | |
Open via phone | |
Operate via phone | |
Open via post | |
Operate via post |
Since its launch, digital banking brand Chase has been making waves with cashback on its current account and competitive savings rates. Here’s all you need to know about the Chase Saver account.
What is the Chase Saver account?
The Chase Saver account is an easy access savings account, meaning you can add to your funds or withdraw them whenever you want to. The account pays an interest rate of 5% AER (variable), which includes a 12 month boosted rate. You can start saving with as little as you like, up to a maximum of £3,000,000.
The caveat is that you’ll need to open a Chase current account to qualify, but once you do, the account can be managed through the Chase banking app.
How does it work?
The Chase Saver account offers the following key features:
- Monthly interest. Earn 5% AER (variable) on balances up to £3,000,000 on all saver accounts you hold with Chase. This includes a boosted rate for new customers, fixed for 12 months. Interest is calculated daily and paid monthly.
- Free extra accounts. You can open up to 10 saver accounts in the app to help you save for different goals, plus set targets to track your progress.
- Easy access. Withdraw money from your account whenever you need to, with no penalty fees.
Who is it for?
The Chase Saver account could be suitable for anyone looking for an easy access savings account that pays a competitive rate of interest. You will need to be happy managing your account via the app only.
To qualify, you’ll also need to open a Chase Current Account, which means you’ll need to:
- Be at least 18 years old
- Be a UK resident
- Have a smartphone and UK mobile phone number
- Be a tax resident of the UK
What are the benefits?
The Chase Saver account is an easy access account, which means customers can pay in and withdraw funds whenever they need to with some limitations. There is a £25,000 daily transfer limit, a £500 daily cash machine withdrawal limit and when abroad, you can only withdraw £1,500 per calendar month. What’s more, it currently offers one of the most competitive easy access interest rates on the market. Although, remember that this includes a boosted rate for 12 months, after which the account return’s to Chase’s standard saver variable rate.
Although customers will need to open a Chase Current Account as well, this also offers a range of benefits. You’ll be able to earn cashback for a year, for instance. Plus, Chase won’t charge you for using your card abroad (merchants and ATMs may have their own charges). You can read more about the current account in our review.

"The Chase saver account pays a decent interest rate, but it’s not the best in the market after the introductory bonus period ends.
While the boosted rate is among the best in the market, after it ends, there are easy access savings accounts and easy access ISAs that pay a higher interest rate.
Because you need to open a Chase current account to open a saver account, you have to decide whether you’ll actually use another current account. Though the cashback is a good incentive if you spend enough each month, it might not be enough to make the change."
How to apply
To apply for the Chase Saver account you’ll first need to open a Chase Current Account (if you haven’t already) by downloading the app from the App Store or Google Play Store.
You can then login to the app, select ‘Save and Invest’ and follow the instructions to open a savings account.
Is it safe?
Chase is a subsidiary of JP Morgan which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. This means that your money will be protected by the Financial Services Compensation Scheme (FSCS) which covers deposits of up to £85,000 per person.
Chase customer reviews
Chase won the banking (current account) category in the Finder Customer Satisfaction Awards 2025, with 100% of customers saying they’d recommend the service to a friend.
As of April 2025, on reviews platform Trustpilot, Chase scored 3.9 out of 5, classed as “Great”, based on more than 13,000 reviews. On the Apple App Store it scores 4.9 out of 5 from more than 235,000 reviews. On the Google Play Store it scores 4.8 out of 5 from nearly 102,000 reviews.
Customer service information for Chase
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |