These terms add to the Chase saver account Terms and Conditions and General Account Terms and Conditions. If there’s a conflict between any term in the Chase saver account Terms and Conditions or the General Account Terms and Conditions and one here, then the term here will apply.
You can find a copy of these terms, the Chase saver account Terms and Conditions and the General Account Terms and Conditions in the app or you can request a copy from us.
Things to be aware of
About this offer
This offer is designed to help you save money for when you need it. This offer gives you a boosted interest rate on top of the applicable variable Chase saver interest rate for a limited time period. We call this period the ‘offer period’. At the end of the offer period, the boosted interest rate will be removed and you will receive the variable Chase saver account interest rate applicable at that time.
Availability
This is a limited offer for eligible Chase customers and we may withdraw the offer at any time.
You will need to have opened a Chase saver with boosted rate whilst this offer is still available to you.
Eligibility
You are eligible to get this offer if on 2 May 2024:
(a) you didn’t have a Chase saver account; or
(b) you had one or more Chase saver account(s) but the balance across all of those Chase saver accounts was below £50,000.
How to get the offer
If you meet the eligibility criteria above, you can get this offer by opening a Chase saver with boosted rate through our app.
Interest
We will pay a fixed interest rate of 1.0% AER on top of the applicable variable Chase saver interest rate during the offer period.
While the 1.0% AER boosted interest rate will be fixed during the offer period, we may still make changes to the underlying Chase saver interest rate in line with the Chase saver account Terms and Conditions and the General Account Terms and Conditions. This means that the overall interest rate on the account may go up or down during the offer period. For example, if the Chase saver interest rate was changed to 4.0% AER during the offer period, then you would earn 4.0% AER plus your boosted interest rate of 1.0% AER after that change. This would bring you to an overall interest rate of 5.0% AER (assuming no further changes to the Chase saver account interest rate were made during the offer period).
Interest is paid on the first calendar day of the month and is calculated on a daily basis.
How long the boosted interest rate will apply for
The offer period lasts until 16 January 2025. At the end of the offer period, the 1.0% AER boosted interest rate will be removed and you will receive the Chase saver account interest rate applicable at that time. You can find the Chase saver account interest rate in our app, on our website or you can contact us.
Accounts the boosted interest rate will apply to
You can only hold 1 Chase saver account with a boosted interest rate at any time.
Account Limits
You cannot open a Chase saver with boosted rate if you have reached any limits we have set on the number of accounts you can open or hold with us.
Fees and charges
You will not incur any fees or charges for holding the account.
Closing the account
Your statutory cancellation right means you can cancel this agreement within 14 days of entering into it. You don’t have to give a reason. You just need to close the account in the app. You can also close the account at any time without charge. We'll transfer any funds held in it (including interest) to you.
If you close a Chase saver with boosted rate after the offer closes, you will not be able to open another one under this offer.
AER, Gross and Variable
The Annual Equivalent Rate shows the interest rate for a year, taking into account any interest payments made during the year.
Gross is the interest rate used to calculate your monthly interest payments, before tax.
Variable means the interest rate you receive when you open your account can change.