The Chase saver account is linked to the Chase Current account.

Customers of digital bank Chase in the UK can now open the Chase Saver Account via the bank’s app. Linked to the Chase Current Account, the new savings option offers savers a rate of 1.5% AER. Multiple such accounts, each uniquely numbered, may be opened, in accordance with specific savings goals, and named accordingly. It is available to both existing and new customers of the digital bank. (BusinessWire)

“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,” said Shaun Port, Managing Director – Savings and Investments for the bank in the UK. “We have designed the Chase saver account to provide our customers with maximum flexibility alongside a competitive rate.

“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.”

Saver Account: Additional features

• 1% cashback on everyday debit card spend for 12 months at home and abroad
• Small change round-ups on which customers can earn 5% interest: customers can save as they spend by rounding up their debit card purchases to the nearest £1, and we will deposit the small change into a separate account where it will earn interest at 5%.
• Fee-free debit card use abroad: customers won’t be charged any fees by Chase when using their card while travelling, including for cash withdrawals at ATMs abroad.

JPMorgan (NYSE: JPM) launched its new digital bank in the UK under the Chase brand last year.

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