Chase is Increasing the Savings Account Interest from 2.7% to 3%
Money Saving
Chase sent out this email about the increase:
I wish I was more optimistic about this and this is good, but with inflation money has kind of lost part of its value, e.g. food costs more yet the quantity remains the same or it's even less. 
Hopefully Chase hurries up and improves their bank in other aspects because it really needs to.
No , get some Regular saver accounts . Yorkshire Building society 4.3 % , TSB 5% , Nationwide 5% , First Direct 7% . All before todays rate rise . I dare say there are plenty of others .
Hopefully some more will be putting their interest rates up over the next week too.
HEDGEHOGS Fixed rate are higher (e.g. via Monzo), but that means your money would be locked for a year or so.
PhilipMarc Yes that's absolutely fine if you want to lock away, i've just done an ISA, 1 year fix for 4.25% which suited me. Coventry have also e mailed yesterday to say their reviewing their rates, currently have the 3.20% monthly interest (ltd 6 withdrawesl a yr) so guess that will also go up. Have to wait and see what happens. 
Update:
Good news – we're increasing the Chase saver account interest rate from 3% AER (2.96% gross) variable to 3.1% AER (3.06% gross) variable, effective from 3 April 2023.
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Good, but eh.
As usual Yorkshire Building Society are way ahead (particularly with their loyalty products )
The advice I gave a month ago on this thread still good .
I’m fortunate that I will benefit from higher interest but feel for those with mortgages. How will mortgage payers cope with these constant increases?
Pjran Don't feel like there's much savings with this, tbh. I got savings locked until Sept 2023 (diff. bank), but won't do that again.
PhilipMarc Think we had this discussion a few months back ? I took a few fixes 1,2 &3 years at between 4.5% and 5% (same rates are now 3.75% -4.25% ) . Short term rates will probably rise another 0.25% in April or May but fixed term rates will probably drop (along with longer term mortgage rates ) .
I think I'll be stepping away (partially ) from my S&S ISA the next financial year and lobbing my £20K into the Yorkshire 4% (variable) cash ISA . I never give advice as such , just show options that I consider are worth consideration .
I have fixed some, incase the rate drops and limited accessed some in case the rate rises. I am just happy to have some normal rates back on offer, hope they stay at this level to be fair to everyone, with inflation at 2 percent.
Another increase:
"Good news – we're increasing the Chase saver account interest rate from 3.1% AER (3.06% gross) variable to 3.3% AER (3.25% gross) variable, effective from 22 May 2023."
Hopefully it eventually reaches 4% and 5%+.
Here's a Savings Calculator: www.bankofengland.co.uk/education/education-resources/borrowing-savings-calculator
Good news all around, i've been getting a few e mails through for rate rises on my variable rate savers, Charter, Santander and Coventry. I did bite the bullet and fix a year at 4.75% with Charter last week.
I’m pleased to be getting a bit more interest on my savings but feel for those with mortgages. With high inflation and higher interest rates more and more families will be struggling.
Another increase:
"Good news – we're increasing the Chase saver account interest rate from 3.3% AER (3.25% gross) variable to 3.8% AER (3.74% gross) variable, effective from 3 July 2023."
Good news indeed, at this rate it won't take long to reach 4%.
A bit of a jump today will be interesting to see what other providers offer, Nationwide are planning an 0.1 % increase on some it’s acoounts.
That reminds me of Barclays paying pennies for having an ISA account. What a joke.
Closed the ISA and moved it over to Chase, but Barclays is a very good and trustworthy bank, imo.
PhilipMarc I do like Barclays, they do offer good rates occasionally but you need to be fast to get them.
Another increase:
"Good news – we're increasing the Chase saver account interest rate from 3.8% AER (3.74% gross) variable to 4.1% AER (4.02% gross) variable, effective from 14 August 2023."
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