Need help? For AI financial guidance, click here to Ask Marvin

Chase Savings Review

This article was last updated:

Everything you need to know before you open a savings account with Chase!

The experts say:

💬

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.

What Chase customers are saying right now:

The Good

  • 💳 1% cash back on card purchases
  • 💸 Competitive savings rate
  • 📱 App is easy to use and sends notifications when card is used
  • 🤝 No hidden costs and offers attractive incentives
  • 📲 Innovative with offers

The Bad

  • 👎 The app is slow and not competitive when it comes to savings rates.
  • 😡 Approval process is idiotic and incredibly annoying.
  • 🤬 Many exclusions for the 1% cashback on spending.
Read more customer reviews of Chase

Chase customer reviews summary

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

Is Chase one of this year's Top 10 savings account providers?