Best savings account?

How do I qualify?​

Pay in at least £500 to your Chase current account by the end of the month to qualify (excludes internal transfers.) Once qualified, you can then earn 1% cashback – up to £15 a month – on your everyday debit card spending the following month, for up to 12 months. Exceptions and T&Cs apply.
 
dLockers said:

How do I qualify?​

Pay in at least £500 to your Chase current account by the end of the month to qualify (excludes internal transfers.) Once qualified, you can then earn 1% cashback – up to £15 a month – on your everyday debit card spending the following month, for up to 12 months. Exceptions and T&Cs apply.
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I opened my account last June and so far I've earnt £381.40 in cashback, which is greater than £15 per month limit, I've also had single transactions coming in at over £80 too when doing a big qualifying spend on the card. :)
If they change it to £15 a month after my account is a year old I will just go back to using my AMEX where always possible.
COOP is still 4% on savings.
 
Gibbo said:
I opened my account last June and so far I've earnt £381.40 in cashback, which is greater than £15 per month limit, I've also had single transactions coming in at over £80 too when doing a big qualifying spend on the card. :)
If they change it to £15 a month after my account is a year old I will just go back to using my AMEX where always possible.
COOP is still 4% on savings.
Click to expand...

I opened mine nearly 1 month ago, Im up to a mighty £3.:D
 
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Gibbo said:
I opened my account last June and so far I've earnt £381.40 in cashback, which is greater than £15 per month limit, I've also had single transactions coming in at over £80 too when doing a big qualifying spend on the card. :)
If they change it to £15 a month after my account is a year old I will just go back to using my AMEX where always possible.
COOP is still 4% on savings.
Click to expand...
Yeah I've made much more than 15pm too but it was communicated weeks back that the change was coming in. Doesn't 100% appear to have happened tho.
 
tom_e said:
They're still the only current account that offers ongoing 1% cashback without a fee as far as I'm aware. That's pretty decent, although probably offset business wise by the fact they offer sightly lower rates on saving.
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Yeah but it's limited to £15, and most probably don't spend that much a month solely on their debit card, as DD payments etc.. aren't included.

Better than a kick in the teeth, but nothing special. I don't really use my Chase account much anymore. Any instant savings were with Kroo, though I like Monzo for that now.

For cashback I'm playing with Plutus for everyday spending and using via Curve for travel. My setup certainly won't be popular or for the masses though as it's not straightforward.
 
JunkBot said:
Looks like Monzo is now 3.2% immediately.
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I'm glad I didn't bother opening new accounts with Chase as this new Monzo rate is competitive enough and I already have a Monzo account, plus it's paid monthly which is exactly what I wanted. :)

Are all these interest rate increases a sign that higher base interest rates are here for the foreseeable? They don't normally react like this, but maybe the space is evolving to trend more because of the amount of competition and ease of switching and opening accounts?

I just hope none of them are over committing and stocking up on deposits to use in the big casino like Iceland banks etc.. did around 2008.
 
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