Chase is dropping the interest rate on its popular easy-access account next month.

The interest rate on its Chase Saver account currently tracks at 1.25% below the base rate, which is . But from February 19, the Chase Saver will start to track 1.5% below the Bank of England base rate. It means savers will see their interest rate go down from 3.5% to 3.25%.

If the base rate goes down again when the Bank of England meets on February 6, then this interest rate will change. UK and US headline interest rates are now forecast to fall to 4% by the end of this year. However, there is a way to boost your returns from Chase, which has two million customers - but only if you’re a new customer.

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Newbies get an extra 1.5% bonus for six months only, and if you sign up within 31 days of opening the account. 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.

Cash ISAs currently pay the best rates, with Plum offering 5.01%. You can only deposit £20,000 each tax year into an ISA but any interest you make is tax-free. Keep in mind this account from Plum comes with a maximum of three penalty-free withdrawals a year.

Chip currently tops the standard easy-access table with a rate of 4.83% – though if you make more than three withdrawals in a year, the rate will drop by 1.1%. Atom Bank also offers 4.83% but this drops to 3.25% in each month you withdraw from your account.

The top rate with unlimited withdrawals is Cynergy Bank which pays 4.5%. Regular saving accounts pay more than all of the above - but you're limited to how much money you can save each month. Principality Building Society lets you save up to £200 each month with a 8% fixed for six months. For an account with a longer term, First Direct lets you save £300 each month at a rate of 7% fixed for one year.

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