Is it safe? / Chase
Is Chase safe?
Yes — Chase is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the J.P. Morgan Europe Limited banking licence (JPMorgan Chase & Co.).
Protection
FSCS to £120,000
Licence holder
J.P. Morgan Europe Limited
Parent company
JPMorgan Chase & Co.
The fine print (verified July 2026)
J.P. Morgan Personal Investing (ex-Nutmeg) is a separate investment business — not covered by this deposit limit.
Chase's current savings rates
- Chase Saver With Boosted Rate4.5% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.