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Everything you need to know before you open a savings account with Chase!
Chase Savings Accounts are an impressive option for those looking to save money. With a Which? Customer Score of 84%, it's clear that customers rate the product highly. The Which? Product score of 59% speaks to the quality of the account, and the fact that it is not a Recommended Provider is indicative of its competitive pricing. Out of 30 savings account providers, Chase ranks 2nd, while Fairer Finance's Customer Experience Rating puts them at 58%, which ranks them 42nd out of 50 savings account providers. All in all, Chase Savings Accounts are a great choice for those looking for an affordable way to save money.
Chase savings accounts provide an easy-to-use app for customers and offer good incentives such as 1% cash back on purchases and a competitive savings rate. However, the cash back offer only lasts 12 months and the savings rate is slow to react to base rate rises. Customers also have issues with the approval process, which can be tedious and time-consuming. All in all, Chase savings accounts are a decent option with some great features, but may not be the best choice for those looking for long-term financial security. Score: 7/10
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