Chase UK offers a free easy-access Saver account alongside its current account, plus a separate Round-up account. Both are built into the same app and earn variable interest — the Saver pays 2.25% AER (2.23% gross) standard, and the Round-up account pays 5.00% AER (4.89% gross), as of September 2026. Note that the Chase current account itself does not pay interest — Chase stopped paying current account interest on 5 August 2024.
There are no withdrawal restrictions on the Saver, no minimum balance, and no separate application needed — it opens automatically when you set up a Chase current account. This page is part of the Chase UK complete guide, which covers all Chase accounts, fees, limits, and features.
Chase UK Saver — key details
| Feature | Detail |
|---|---|
| Account type | Easy-access savings |
| Standard interest rate | 2.25% AER (2.23% gross), variable — tracks 1.50% below the Bank of England base rate |
| Boosted new-customer rate | Up to 4.5% AER, fixed for 12 months — a limited-time promotional offer; confirm current availability and terms in the app |
| Minimum balance | £0 |
| Maximum balance | £3,000,000 |
| Withdrawal restrictions | None — fully flexible |
| Separate application needed | No — opens with your current account |
| FSCS protected | Yes — up to £120,000 combined with current account and Round-up |
Rates confirmed against chase.co.uk in September 2026. Always check the current rate at chase.co.uk as it changes with the base rate, and treat any boosted/promotional rate as time-limited.
How the Chase Saver works
The Saver is a separate pot within the Chase app, distinct from your main current account balance. Interest is calculated daily and paid monthly.
To move money into your Saver:
- Open the Chase app
- Tap your Saver account
- Tap Add money and transfer from your current account
Withdrawals work the same way — tap to move money back to your current account. Transfers between your Chase current account and Saver are instant. For context on how Chase FSCS protection works across all your Chase accounts, see Is Chase UK FSCS Protected?
The round-up feature
Chase’s round-up tool is an optional savings automation feature. When activated, every debit card purchase is rounded up to the nearest pound, and the difference is automatically moved to a dedicated Round-Up account — separate from the main Saver and currently paying 5.00% AER (variable), which is higher than the standard Saver rate.
Example: You tap your card for a coffee at £3.20. The round-up feature moves £0.80 automatically to your Round-Up pot.
Over a month, small round-ups can add up meaningfully depending on how many card transactions you make and your typical round-up amount — the more frequently you use your card, the more you save passively. The Round-Up account can be withdrawn from at any time.
Current account vs Saver — which earns more?
Since 5 August 2024, Chase’s current account pays no interest at all. All Chase interest is earned through the Saver (2.25% AER standard, variable) or the Round-up account (5.00% AER, variable). Keeping meaningful balances in the current account rather than the Saver or Round-up means missing out on interest entirely.
| Balance | At 2.25% AER (Saver, standard rate) | At 4.5% AER (Saver, boosted new-customer rate — confirm current availability) |
|---|---|---|
| £1,000 | ~£22.50/year | ~£45/year |
| £5,000 | ~£112.50/year | ~£225/year |
| £10,000 | ~£225/year | ~£450/year |
Check current rates in the app — the Saver rate is shown within the Saver account details, and any boosted-rate eligibility is shown there too. For the full picture of what Chase pays and charges across all products, see Chase UK Fees 2026.
Is the Chase Saver worth using?
The Chase Saver is well suited to:
- Your emergency fund — keeping 3–6 months of expenses in an easy-access account alongside your current account makes sense. Chase’s Saver is convenient and pays a variable rate for this purpose.
- Short-term saving goals — a holiday, car, or home deposit saved within the same app where you spend is simple to manage and move when you need it.
- Round-ups — if you use Chase as your primary spending account, the round-up feature provides genuinely useful passive saving with no effort, and currently earns a higher rate (5.00% AER) than the standard Saver.
It is less likely to be the best option for:
- Maximising returns on large balances — compare the Saver’s current rate against other easy-access savings providers before committing large sums, as rates across the market change frequently.
- Tax-free savings — the Chase Saver is a standard savings account and interest is taxable above your Personal Savings Allowance. Chase does not offer a cash ISA. An ISA with another provider keeps interest tax-free and does not consume your PSA.
How Chase’s Saver compares
Savings rates across the market change frequently. Before deciding where to hold savings, compare Chase’s current Saver and Round-up rates against other easy-access providers, cash ISAs, and NS&I Premium Bonds (currently 4.35% variable annual prize fund rate, as of the September 2026 draw) directly on each provider’s own website.
Your Personal Savings Allowance
Interest earned on the Chase Saver or Round-up account counts towards your Personal Savings Allowance (PSA):
| Tax status | PSA in 2026/27 |
|---|---|
| Basic rate taxpayer (income up to £50,270) | £1,000 |
| Higher rate taxpayer (income £50,271–£125,140) | £500 |
| Additional rate taxpayer (income above £125,140) | £0 |
If your savings interest exceeds your PSA, you owe tax on the excess — collected via self-assessment or your tax code. For savers with larger balances, a Cash ISA from another provider shelters interest entirely from tax and does not count against your PSA. See ISA Allowance 2026/27 for how to make use of your annual ISA allowance alongside a Chase account.