‘Competitive’ Chase easy access savings account also offers cashback

Savers can profit from the Bank of England’s latest base rate increase of 0.75 percentage points by making sure they are getting the most from their savings. Chase recently increased the interest rate on its saver account from 1.5 to 2.1 percent on savings up to £250,000, plus customers can benefit from one percent cashback on spending. Savings rates have received a boost recently (Image: Getty)JP Morgan’s Chase was launched as a smartphone app-based bank in 2021 and has since accumulated more than 56 million customers across the US and the UK.Shaun Port, Managing Director for Everyday Banking at Chase, said: ‘We’re increasing the rate on our saver account to help new and existing customers make their money work harder, in what we know is a challenging time for everyone.’With costs increasing, having greater flexibility and access to savings, without being charged fees, is increasingly important for people when managing their money.”The Chase saver is linked to Chase’s current account, which offers one percent cashback on everyday debit card spending for a year and five percent AER interest on small change round-ups.’DON’T MISSWinter energy bills to plunge as ‘world’s best country’ races to UK [INSIGHT]Money expert falls victim to fake air fryer website scam [WARNING]Santander has increased savings account to ‘top’ interest rate [UPDATE]Pensioners fear state pension triple lock will be cut despite petition [ALERT]Customers can open up to 10 accounts with Chase, to help with spending, budgeting, and setting money aside.Each will individually earn interest and savers can deposit up to £250,000 across all their accounts without penalty.The diital banks also has a refer a friend reward programme where people can make up to £400.All they need to do is open the Chase app on their phone, go to “Rewards”, select “Refer a friend” and press get started.READ MORE: Mum earns £2,600 for just five hours work as a passive income coach The value of cash and savings has been falling for years (Image: Express)The Chase Saver Account offers:One percent cashback on everyday spending – customers can earn percent cashback on all eligible debit card spend for 12 months. This includes:At home – Stock up on travel essentials like SPF and flip-flops, and earn cashbackOn flights – Land one percent cashback when booking flights using the Chase debit card.