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Chase recently started operating in the UK and their rates are really good here. And they'll have to stay that way if they want any customers, their other incentives have slowly but surely been worsening (cashback, referrals).

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The cynical part of me hears this and assumes that they’re intentionally offering better-than-average rates in a new market to establish a base of customers, and then slowly pull back the competitiveness once they’re established.

I also think that's what they've done but they'll have to keep the good rates as it's really easy to switch banks over here.

EDIT: actually, they just sent me an email saying the current account interest will soon be 1%, that's very good for a current account. The saver is still at 3.1%

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