{"id":126300,"date":"2026-10-02T07:00:00","date_gmt":"2026-10-02T06:00:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=126300"},"modified":"2026-10-02T01:00:46","modified_gmt":"2026-10-02T00:00:46","slug":"chase-unveils-6-5-savings-account","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/chase-unveils-6-5-savings-account\/","title":{"rendered":"Chase Unveils 6.5% Savings Account With Major UK Banks In The Spotlight"},"content":{"rendered":"\n

Chase has launched its first UK Regular Saver, paying 6.5% AER for 12 months on deposits of up to \u00a3300 a month. The account combines a fixed rate<\/strong> with penalty-free withdrawals, placing it among the higher-paying regular savings products currently available to UK customers.<\/p>\n\n\n\n

The launch comes as several banks and building societies continue to offer regular saver rates above those available on many standard easy-access accounts. Yet the headline rate alone does not determine how much a saver can earn, because monthly deposit limits, withdrawal rules and whether the rate is fixed or variable can all affect the final return.<\/p>\n\n\n\n

Chase\u2019s product is available to UK residents aged 18 or over who hold a Chase current account. Customers can open one Regular Saver<\/strong>, make deposits of up to \u00a3300 each month and withdraw money without a fee or reduction in the advertised rate.<\/p>\n\n\n\n

Chase Offers Fixed Returns and Flexible Access<\/strong><\/h2>\n\n\n\n

The Chase Regular Saver pays 6.5% AER, equivalent to 6.31% gross, fixed for 12 months. Interest is calculated daily and paid monthly, while there is no requirement to deposit a minimum amount each month.<\/p>\n\n\n\n

According to Chase<\/a>, a customer depositing the maximum \u00a3300 each month could build a balance of about \u00a33,725<\/strong> after 12 months, including roughly \u00a3125 in interest. At the end of the year, the balance is transferred to a Chase current or savings account selected by the customer, while the Regular Saver continues at the rate then available.<\/p>\n\n\n\n

The structure also allows customers to withdraw money during the term without a penalty<\/strong>. This differs from some regular saver products that restrict access or require an account to be closed before funds can be withdrawn.<\/p>\n\n\n\n

Regular savers work differently from accounts funded with a single lump sum. Because money is deposited gradually, the advertised annual rate does not apply to the full annual contribution for an entire year. The first monthly payment earns interest<\/a> for the longest period,<\/strong> while later deposits remain in the account for progressively less time.<\/p>\n\n\n\n

Chase\u2019s own figures show that depositing \u00a3100 a month would produce \u00a341.84<\/strong> in interest after 12 months, while \u00a3200 a month would generate \u00a383.69. A full \u00a3300 monthly contribution would produce \u00a3125.53.<\/p>\n\n\n\n

\"\"
Chase\u2019s 6.5% Regular Saver Offers Flexible Withdrawals and Up to \u00a3125 Interest \u00a9 Canva<\/em><\/figcaption><\/figure>\n\n\n\n

Higher Rates Do Not Always Produce Higher Cash Returns<\/strong><\/h2>\n\n\n\n

Several competing regular saver accounts offer higher headline rates<\/strong>. According to Which?<\/a>, Santander\u2019s Regular Saver pays 8% AER on monthly deposits of up to \u00a3200, while First Direct offers 7% on deposits of up to \u00a3300. The Co-operative Bank also pays 7%, with a monthly limit of \u00a3250, and Progressive Building Society offers 7% on up to \u00a3200 a month.<\/p>\n\n\n\n

Those limits can materially change the amount of interest earned over a year. The Independent<\/a> calculated that First Direct\u2019s account could generate up to \u00a3136.50 in interest over 12 months when fully funded, compared with \u00a3125.53 for Chase.<\/p>\n\n\n\n

Santander has the highest quoted rate among the accounts compared, at 8%, but its \u00a3200 monthly cap means the maximum annual interest is about \u00a3104. Its rate is variable, as are the rates offered by Co-operative Bank, Progressive Building Society and Nationwide.<\/p>\n\n\n\n

Chase and First Direct, by contrast, fix their regular saver rates for 12 months. First Direct restricts withdrawals during the term unless the account is closed early, while Chase permits withdrawals without a penalty. The wider comparison shows why regular saver accounts cannot be assessed on interest rate alone. Monthly contribution limits, access to funds and whether the rate can change during the term all shape the amount a customer may ultimately receive.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new 6.5% fixed-rate saver from Chase combines flexible withdrawals with a \u00a3300 monthly limit. Several rival banks advertise higher rates, but deposit caps and access rules mean the headline figure tells only part of the story.<\/p>\n","protected":false},"author":10,"featured_media":126303,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-126300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=126300"}],"version-history":[{"count":5,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126300\/revisions"}],"predecessor-version":[{"id":126334,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/126300\/revisions\/126334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/126303"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=126300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=126300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=126300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}