Martin Lewis' MSE issues unwelcome warning to Chase Bank customers
Martin Lewis and his Money Saving Expert team have shared a warning to Chase Bank savers. Mr Lewis, the BBC and ITV star, says the Chase bank rate may be dropping to 3.5% as the Cost of Living crisis continues nationwide.
MSE explained: "If you took out Chase's popular boosted saver before 9 December 2024, your rate will drop from 4.5% to 3.5% on Thursday 16 January as your boost comes to an end. Chase will also cut the rates on ALL its savings by another 0.25 percentage points in February."
On Thursday 16 January, the original 1% AER bonus expires. On Wednesday 19 February, ALL of Chase's savings rates will drop by another 0.25 percentage points. MSE warns you could "earn more" on your savings elsewhere.
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Here is a list of the best regular savings accounts currently on offer for the week beginning January 1, 2025:
Principality BS - Eight per cent AER / 7.85 per cent Gross
The Co-operative Bank - Seven per cent AER/Gross
Principality BS - Seven per cent AER/Gross
Nationwide BS - 6.50 per cent AER/Gross
NatWest - 6.17 per cent AER / Six per cent Gross
Royal Bank of Scotland - 6.17 per cent AER / Six per cent Gross
Melton BS - Six per cent AER/Gross
West Brom BS - Six per cent AER/Gross
Market Harborough BS - Six per cent AER/Gross
TSB - Six per cent AER/Gross.
Here is a list of the best savings accounts on offer with a one-year fixed-rate interest rate attached for the week beginning January 6, 2025:
Vida Savings - 4.77 per cent AER / Gross
SmartSave - 4.76 per cent AER / Gross
Al Rayan Bank - 4.75 per cent AER / Gross
Habib Bank Zurich plc - 4.75 per cent AER / Gross
Habib Bank Zurich plc - 4.75 per cent AER / Gross
Close Brothers Savings - 4.75 per cent AER / Gross
Zenith Bank (UK) Ltd - 4.72 per cent AER / Gross
Oxbury Bank - 4.70 per cent AER / Gross
BACB - 4.70 per cent AER / Gross
Ahli United Bank (UK) plc - 4.67 per cent AER / Gross.
Here is a full list of the best cash ISAs with a one-year fixed interest rate attached currently on offer for the week beginning January 6, 2025:
Shawbrook Bank - 4.53 per cent AER / Gross
Virgin Money - 4.52 per cent AER / Gross
Castle Trust Bank - 4.50 per cent AER / Gross
Hodge Bank - 4.49 per cent AER / Gross
Charter Savings Bank - 4.49 per cent AER / Gross
Close Brothers Savings - 4.49 per cent AER / Gross
Kent Reliance - 4.48 per cent AER / Gross
Hampshire Trust Bank - 4.46 per cent AER / Gross
Castle Trust Bank - 4.46 per cent AER / Gross
Cynergy Bank - 4.45 per cent AER / Gross
Aldermore - 4.45 per cent AER / Gross
Here is a full list of the best cash ISAs with a variable interest rate attached currently on offer for the week beginning January 6, 2025:
Moneybox - Five per cent AER / Gross
Plum - 4.93 per cent - AER / 4.86 per cent Gross
Trading 212 - 4.90 per cent AER / 4.78 per cent Gross
Monument Bank - 4.76 per cent AER / 4.66 per cent Gross
Mansfield BS - 4.75 per cent AER / Gross
West Brom BS - 4.60 per cent AER / Gross
Vanquis Bank - 4.60 per cent AER / Gross
Tipton & Coseley BS - 4.60 per cent AER / Gross
Chip - 4.58 per cent AER / 4.49 per cent Gross
Zopa - 4.55 per cent AER / 4.45 per cent Gross
Here is a full list of the best easy access savings accounts without a bonus attached for the week beginning January 6, 2025:
Atom Bank - 4.85 per cent AER / 4.75 per cent Gross
Gatehouse Bank - 4.75 per cent AER / Gross
cahoot - 4.75 per cent AER / Gross
Ulster Bank - 4.75 per cent AER / Gross
Chetwood Bank - 4.71 per cent AER / 4.61 per cent Gross
Secure Trust Bank - 4.65 per cent AER / 4.55 per cent Gross
West Brom BS - 4.65 per cent AER / Gross
Family Building Society - 4.65 per cent AER / Gross
Buckinghamshire BS - 4.60 per cent AER / Gross
The Co-Operative Bank - 4.59 per cent AER / Gross.
Here is a full list of the best easy access accounts with a bonus attached for the week beginning January 6, 2025:
Chase - Five per cent AER / 4.89 per cent Gross
GB Bank - 4.86 per cent AER / 4.75 per cent Gross
Sidekick Money - 4.75 per cent AER / 4.64 per cent Gross
Chip - 4.72 per cent AER / 4.62 per cent Gross
Principality BS - 4.55 per cent AER / Gross
Cynergy Bank - 4.50 per cent AER / Gross
Nottingham BS - 4.50 per cent AER / Gross
Skipton BS - 4.40 per cent AER / per cent Gross
Marcus by Goldman Sachs® - 4.30 per cent AER / 4.22 per cent Gross
SAGA - 4.30 per cent AER / 4.22 per cent Gross.