Compare savings accounts
Find the right savings account for you using the service provided by Experian Ltd
Compare and chooseBy clicking a retailer link you consent to third-party cookies that track your onward journey. This enables W? to receive an affiliate commission if you make a purchase, which supports our mission to be the UK's consumer champion.
Chase's first regular savings account pays 6.5% – is it worth opening?
Find out how the digital bank's new savings deal stacks up against rival providers
Matthew is an award-winning journalist, specialising in savings, tax and insurance.
Chase has launched its first regular savings account paying 6.5% AER – one of the highest rates on the market. But could you earn more elsewhere?
Regular savings accounts are best suited to those who only have a small amount to tuck away and customers who open Chase's new product can save up to £300 a month. The headline rate sounds appealing, but there are better deals out there.
Here, we unpack what the digital bank's new account offers and reveal the other products that could be worth considering.
What does Chase's regular saver offer?
The account, which allows unlimited withdrawals, has a rate of 6.5% AER. That's more than double the current inflation rate and is one of the top five regular savings deals on the market.
However, there are a few catches to be aware of:
The account is only available to those who open Chase's current account and, as with all regular savers, there are limits on how much money you can add to your savings pot.
While there is no minimum deposit required to open the account, the maximum you can save is £300 a month. But be aware that if you withdraw money after you hit your £300 monthly limit, you won’t be able to pay that money back in until the next month.
Another quirk is that your total final balance, including interest earned, is moved out of your account after 12 months to another Chase account of your choice.
Your regular savings account will stay open and you can start building a new pot from scratch. Remember to check the new rate being offered as it could be lower than it was when you first opened the account.
- Find out more: how to find the best savings account
How much interest could you earn?
Due to the way regular savings accounts work, the amount of interest you earn might be more modest than you'd expect. There's a limit on how much you can pay in each month, so you'll only earn interest on relatively small sums of money for most of the year.
For example, if you save the maximum £300 a month into Chase’s 6.5% account and don’t withdraw anything, you’ll have saved £3,600 after a year, plus £125.53 in interest.
But if you had the full £3,600 available from the outset and put it into the best instant-access account paying 5% AER, you’d have £3,780 after 12 months. That’s £54.47 more interest.
- Find out more: what are the different types of savings account?
How does it compare to other regular savers?
This table shows the top rates for regular saver accounts:
Santander (a) | Regular Saver | 8% | 63% | £0 | £200 | Branch, Internet, Mobile App, Telephone |
The Co-operative Bank (a) | Regular Saver | 7% | 68% | £0 | £250 | Branch, Internet |
First Direct (a) | Regular Saver Account | 7% | n/a | £25 | £300 | Internet, Mobile App |
Progressive Building Society | Online 1 Year Monthly Saver Account | 7% | n/a | £1 | £200 | Internet |
Nationwide Building Society (a) | Flex Regular Saver | 6.50% | n/a | £0 | £200 | Internet, Mobile App |
Chase (a) | Regular Saver | 6.50% | 73% | £0 | £300 | Mobile App |
Lloyds Bank (a) | Club Lloyds Monthly Saver | 6.25% | 67% | £25 | £250 | Branch, Internet, Mobile App, Telephone |
Bath Building Society (a) | 16-25 Regular Saver | 6.15% | n/a | £10 | £50 | Branch, Internet, Mobile App |
Cambridge Building Society (a) | Extra Reward Regular Saver | 6% | n/a | £0 | £300 | Branch, Postal, Telephone |
Harpenden Building Society | 18-30 Regular Saver | 6% | n/a | £0 | £200 | Internet |
Table notes: data sourced from Moneyfacts on 6 October 2026. Provider customer score is based on savers' overall satisfaction with the brand and how likely they are to recommend it to others. n/a means sample size was too small for us to generate a provider score (a) Existing current account customers only, requires membership with provider or requires you to live in a specific postcode.
Right now, Santander has the best deal, paying 8% AER for the first year. That's one and half percentage points more than Chase. The account also allows you to make as many withdrawals as you like.
However, unlike Chase's deal, the rate is variable and the provider can choose to change it at any time. The headline figure also includes a bonus rate of 5% for the first 12 months. After that, it drops to 3%.
Chase's account is also better suited to savers who have slightly deeper wallets, with a maximum monthly deposit limit of £300 compared to Santander's £200 limit.
Who are regular savers best suited for?
Regular saver accounts can be great if you don't have much cash saved already but want to start saving regularly and get a return on your money. Signing up to save something every month means you're more likely to carry this on in future.
However, many regular savers don't allow withdrawals, so think about whether you can do without this money until the term is up. If not, an instant-access account could be a better bet.
If you already have a significant sum of money to lock away, you'd be better off opening a fixed-term account. The current top-rate one-year fixed-term savings account is from Union Bank of India and pays 5.12% AER.
4 ways to make the most of regular savers
If you feel a regular saver product is right for you, here are some simple ways to make the most of the account:
1. Fixed or variable?
There are two types of regular saver accounts: fixed-rate and variable. Fixed-rate deals offer higher interest rates but have more restrictions.
Variable deals are usually more flexible – for example, they're less likely to have limits on withdrawals. However, the rate is subject to change.
- Find out more: the different types of savings accounts
2. Check with your bank for deals
Many banks offer loyalty-based regular saver accounts that are exclusive to current account customers. Make sure you're not missing out on accounts offered by your provider.
- Find out more: best bank accounts
3. Open more than one
If you're eligible, there's no reason why you can't maximise your savings by opening more than one regular saver account. Just make sure you can afford to pay in the required amount of money to keep them open.
4. Switch after maturity
Regular saver accounts usually mature after one or two years. After this, you'll probably be moved to a standard savings account that pays a much lower interest rate. So, remember to move your money to another top-rate account once the term is over.
- Find out more: how to switch your savings account
