New Chase bonus deal takes savings rate to 4.75% – is it worth it?

Chase is offering a new bonus interest rate of 4.75% AER for new customers who open a savings account, making it the best savings rate on the market for easy-access accounts. However, the offer is only valid for six months, after which customers will receive the underlying rate of 3% AER, which may decrease further as it tracks the UK base rate. Despite potential future rate cuts, the deal includes attractive features such as a high account limit, no fees, and a fee-free current account with 1% cashback.

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