Chase’s New 5% Easy-Access Savings: Chase Bank has revitalised the savings market by introducing a 1.5% bonus rate to its easy-access account, summing up to an attractive 5% total rate. This move positions Chase as the leading choice for savers, surpassing Atom Bank’s 4.85%. This new rate applies to customers who signed up post-9 December, maintaining its attractiveness despite the Bank of England’s decision to hold the base rate steady at 4.75%, a strategic advantage in an otherwise fluctuating financial landscape. For more details, visit This is Money.
The bonus rate remains steady for six months, even if the base rate fluctuates, appealing to those seeking stability in their returns. Additionally, for long-term tax-efficient savings, a cash ISA remains a wise consideration with Trading 212 offering 4.9% on accessible funds. This stability in savings rates, as noted by Savings Guru’s James Blower, promises a more favourable outlook through 2025. Savers must act swiftly to seize these opportunities. Will you take advantage of Chase’s competitive rates or explore alternative savings options? Share your thoughts!
