Digital bank Chase has launched a new savings account for its UK customers that will provide savers a rate of 1.5% AER.
According to FinTech Finance, customers are able to open multiple saver accounts to suit their savings goals and each saver has a unique account number, allowing customers – or their friends and family – to pay in directly from other providers. Each account can be named so that it can be personalised towards a specific savings goal.
Savers can also deposit up to £250,000 in total at any time and are able to access their savings as often as they like, without fees, charges or loss of interest.
Other rewarding features of the savings account include 1% cashback on everyday debit card spending for 12 months at home and abroad. There are also small change round-ups on which customers can earn 5% interest, while customers will also not be charged any fees by Chase when using their card while travelling. Customers are also able to get 1% cashback on everyday purchases.
Chase UK savings and investments managing director Shaun Port said, “With the cost of living increasing, we know that consumers want to maximise the interest they can earn with the reassurance of being able to access their savings instantly.
“We have designed the Chase saver account to provide our customers with maximum flexibility alongside a competitive rate. Savers can set up multiple accounts via the Chase app, each with a unique account number, making it easy to organise their savings for specific goals. There are no fees or charges when customers move money out of their saver accounts, no monthly caps on how much can be saved provided total savings are within the £250,000 limit for all saver accounts.”
