Chase UK offers a free easy-access Saver account alongside its current account. The Saver is built into the same app and earns a variable interest rate on your balance. There are no withdrawal restrictions, no minimum balance, and no separate application needed — it opens automatically when you set up a Chase current account.
In most cases, the Chase Saver rate is competitive, though not always the market-leading easy-access rate. Its primary advantage is convenience — your savings sit within the same app as your spending account, making it effortless to move money between the two. 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 |
| Interest rate | Variable — check chase.co.uk for current rate |
| Minimum balance | £0 |
| Maximum balance | £85,000 (FSCS protection limit) |
| Withdrawal restrictions | None — fully flexible |
| Separate application needed | No — opens with your current account |
| FSCS protected | Yes — up to £85,000 combined with current account |
Rate last reviewed: May 2026. Always check the current rate at chase.co.uk as it changes with the base rate.
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 both 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 but also earning interest.
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, this adds up. If you make 80 card transactions averaging £0.50 per round-up, that is £40 saved passively each month — £480 over a year. The Round-Up account earns the same variable rate as the Saver and can be withdrawn from at any time.
Current account vs Saver — which earns more?
In 2026, Chase’s current account pays 5% AER on balances held in the main account. The Saver rate is variable and may be equal to or slightly below this figure depending on when you check.
If the current account rate is higher than the Saver rate, keeping your savings in the current account rather than moving them to the Saver earns more interest. This is worth checking periodically as Chase adjusts both rates.
| Balance | At 5% AER (current account) | At 4.5% AER (Saver, example) |
|---|---|---|
| £1,000 | £50/year | £45/year |
| £5,000 | £250/year | £225/year |
| £10,000 | £500/year | £450/year |
Check both rates in the app — the current account rate appears on your home screen; the Saver rate is shown within the Saver account details. 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 competitive 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.
It is less likely to be the best option for:
- Maximising returns on large balances — if you have more than a few thousand pounds in savings, dedicated savings providers such as Marcus, Chip, Zopa, or a cash ISA from a specialist provider may offer better rates.
- 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
| Provider | Account type | Rate (approx., May 2026) | Restrictions |
|---|---|---|---|
| Chase UK Saver | Easy access | Variable — check chase.co.uk | None |
| Marcus by Goldman Sachs | Easy access | Competitive — check marcus.co.uk | None |
| Monzo easy access | Easy access | Variable | None |
| Cash ISA (various providers) | ISA — tax-free | Variable | Varies |
| NS&I Premium Bonds | Prize bonds | ~4% average prize fund rate | None |
Rates change frequently. Always compare current live rates before deciding where to hold savings.
Your Personal Savings Allowance
Interest earned on the Chase Saver 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.