Chase recently launched a savings account that has got me all excited. The details are as follows:
- Interesting rate – 1.5% EASY ACCESS – This means you can add/withdraw whenever you want no penalties
- 5% Interest on any money saved via “round-up” transactions, auto-savings that come out of each transaction
- 1% Cashback on all debit card transactions from your chase account until April 2023!
Below I take you through my thoughts on why this is so good. This is easily the best savings account in the UK, even if the lock-in period was a couple of months it’d beat most others out there.
Hopefully, this triggers a shift in focus. The Americans are going for market share, and this is one very good way to do it!
I have set a savings goal of £5k by the end of 2023, depending on bonuses etc. this will either be really hard or really easy!