We calculate your interest daily and pay it monthly. Chase interest ratesĮffective from 14 August 2023: Chase current account The interest you receive is subject to taxation. Gross interest is the rate used to calculate your monthly interest payments where no tax is deducted.
The AER enables you to easily compare the interest rates on accounts from different banks and building societies where interest may be calculated or paid at different frequencies. It's short for Annual Equivalent Rate and shows the interest rate for a year, taking into account any interest payments made to you during the year. Interest rates explainedĪER is the rate of interest you earn from us on any balance above £0. We do keep our interest rates under constant review though, and we’ll let customers know if there are any changes in the future. Our interest rates aren't automatically tied to the Bank of England bank rate.
Interest rates Bank of England rate change
