Chase is encouraging savers to make sure their money is getting the best return rate.
Chase is urging savers to check the return on any money they have in a current account as they could be missing out on a better interest rate elsewhere. New research by the digital bank of 2,000 people from across the UK found that half prefer to keep the majority of their money in a current account rather than a savings account.
Commenting on the findings, Shaun Port, Managing Director for Savings at Chase said: “Our research shows that millions of people across the country could be making their money work harder, simply by moving their savings into a high interest savings account. Aside from interest, when it comes to choosing a savings account consumers also prioritise trust in the provider , having no fees or penalties for accessing money , the ease of using an app or online function and the ease of opening an account .
“So, building a spending review into your monthly routine is crucial - planning ahead by a few months also helps make you aware of the bigger spending moments you need to put money aside for.”
Banks Retail And Consumer Interest Rates
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