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Savings rates have been steadily improving following the Bank of England decision to increase the base rate from 1.75 to 2.25 percent last month. Chase is the latest bank to increase interest rates on its savings account that also offers one percent cashback on bills and five percent AER on small change round-ups.
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.”
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Chase to increase saver account rate to 2.1 percent
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