What is the Chase saver with a boosted rate?
Important information
Our limited offer of a boosted rate on the Chase saver account – launched on 2 June 2024 – has now come to an end. This means you can no longer open a Chase saver account with a boosted rate under this offer. You can still open a Chase saver account and earn 4.1% AER (variable) on top of any money you put aside.
If you already have the 1% AER boost from this offer, you'll have it until 16 Jan 2025.
What is the Chase saver with a boosted rate?
The Chase saver with a boosted rate is functionally the same as a Chase saver account. However, it includes a 1% AER boost added on top of the Chase saver rate, which is currently 4.1% AER (variable). This extra boost will run until 16 Jan 2025.
You can have up to 10 saver accounts with us at any one time – but only 1 can have a boosted rate. It's also an easy-access account, so your money's not locked away and you can take it out anytime.
We previously had a Chase saver with a boosted rate offer which included a 1% AER boost added on top of the Chase saver rate. This offered a total rate of 5.1% AER (variable), calculated daily and paid monthly until 4 November 2024. This offer is no longer open to customers.
What's the interest rate on the account?
The interest rate for the Chase saver account is currently 4.1% AER (variable, 4.02% gross), calculated every day and paid every month.
Your interest rate with the boost is currently 5.1% AER (variable, 4.98% gross), calculated daily and paid monthly until 16 January 2025. After this date, the interest rate will change to the standard variable interest rate for the Chase saver account. We'll let you know when this is about to happen.
Can the interest rate change?
Your 1% AER boost is fixed and will be added on top of the standard variable Chase saver rate.
The standard Chase saver rate is tied to the Bank of England base rate. This means 5 business days after the Bank of England base rate changes, the AER of the standard Chase saver will also change to 1.15% below theirs. You can find the Bank of England rate on their website. For more info about our saver rates, see our interest rates page.
What would the estimated balance be after 6 and 18 months, based on a £1,000 deposit?
If you put in £1,000 on the first day you open the account, with the boosted rate of 5.1% AER, you'll have a total balance of £1,025.18 after 6 months.
After 18 months (including the initial six months on the boost), you’ll have a total balance £1,067.22 including your interest.
These figures assume that nothing changes (including the standard Chase saver rate).
How can I get the Chase saver with a boosted rate?
If you're eligible, you'll see an option to open a Chase saver with the boosted rate from 'Save & Invest' in the Chase app. From time to time, we run offers that are available to customers at different points in their relationship with Chase – this is a limited offer that isn't available to everyone right now.
You can only have one Chase saver with a boosted rate at a time, so you won't see this offer if you already have one.
Just so you know – the boosted rate is a limited offer and may be withdrawn at any time. If you decide to close your Chase saver with a boosted rate and open a new saver account, you may not get the boost on the new account.
How do I know which Chase saver with a boosted rate offer I have?
You can find out which Chase saver with a boosted rate you have from the Chase app. Just head to 'Save & Invest' then tap on your boosted rate account. Next, tap on the interest rate on the account view and you'll see a pop-up with more information on your interest rate – including the end date of your Chase saver with a boosted rate.