While the news of its rate cut will no doubt be disappointing news for Chase customers, there are actually other savings accounts that pay a higher interest rate.
The interest rate on its Chase Saver account currently used to track at 1.25% below the Bank of England base rate - but as of February 19, the Chase Saver now tracks 1.5% below.
Cash ISAs currently pay the best rates, with Plum offering 5.05%.
Monument Bank currently tops the standard easy-access table with a rate of 4.75% – though there is a minimum deposit of £25,000 and you can only make three withdrawals a year.
For an account with a longer term, First Direct lets you save £300 each month at a rate of 7% fixed for one year.
