Chase UK savings rates — compare every account, plus switch offers and guides

Who they are

Chase is a British-based online bank operating as a division of J.P. Morgan Europe Limited. Its UK launch marked the first international expansion of JPMorgan's consumer bank brand in its 222-year history. The first Chase-branded products arrived in September 2021, and the bank has grown quickly since - as of December 2025, Chase reported more than 2.5 million customers and customer deposits exceeding £26 billion.

The proposition is deliberately simple: one free current account, no monthly fee, no branches, and everything managed through a clean mobile app. That JPMorgan backing gives Chase a level of institutional weight that most UK fintechs simply cannot match. Rather than establishing physical branches, JPMorgan offers its services through a mobile app only, which suits digital-first savers well but rules it out for anyone who regularly needs to pay in cash.

Savings accounts

Chase's savings offering is equally straightforward. The Chase Saver is an easy-access, variable-rate account with instant access to your money. Based on our current data, the headline rate is 4.50% AER, made up of a 2.25% base rate plus a 2.25% boost for the first 12 months - available to new customers only. You need to open the saver within 31 days of becoming a Chase customer to qualify for the boosted rate.

The minimum deposit is just £1, and the account is FSCS-protected up to £120,000. There are no current switch offers to report. As with any variable-rate, bonus-led account, the rate will revert once the introductory period ends, so it is worth setting a reminder at around the 11-month mark to review your options.

Is it right for you?

Chase works well for individual savers who want a competitive easy-access rate without any fuss. The lack of joint accounts, overdrafts, and cash deposit facilities means it is less suited to being a do-everything household bank, but as a home for a savings pot - or as a companion account alongside a main high-street bank - it is hard to fault the simplicity.

Rates change regularly, so always check the live figures shown on this page before deciding.