![]() Its 9-month CD currently offers a relationship rate of 4.00% APY with a $1,000 minimum deposit and 5.00% APY with a $100,000 minimum deposit. However, Chase does offer some CD specials with higher rates. A deposit of $10,000 or more would qualify you for an APY of 0.05% with relationship rates.Īs with the Chase savings account interest rates, you could easily find higher CD rates at an online bank. You’d need to deposit a larger amount of money in a Chase CD and qualify for relationship rates by linking an eligible checking account to earn the most interest.įor example, if you open a 9-month CD with a $1,000 minimum deposit you’d earn a standard APY of 0.01%. Currently, Chase offers 17 CD options with terms ranging from one month to 120 months.Ĭhase CD rates are only slightly higher than the unimpressive Chase savings account rates. Other Chase Savings OptionsĪside from savings accounts, Chase also offers certificate of deposit accounts (CDs). But if earning the most interest on your savings is your first priority, then opting for an online bank could make sense. The banking giant has more than 4,700 branches. Saving with an online bank means you forgo the convenience of being able to visit a branch, something you might easily do if you have a Chase savings account. Some of the top online banks offer up to or above 5.00% APY. Many high-yield savings accounts currently offer rates that range from 4.00% to 5.00% APY or more, but the exact rate you’ll earn depends on where you bank. That puts Chase’s savings account interest rates below the average.Ĭhase’s rates are also well below the best savings account rates you could find at online banks. The national average savings rate for deposit accounts tracked by the FDIC is 0.46% as of November 2023. Again, that’s typical of savings accounts at the big traditional banks. Plug in your initial deposit, monthly contribution and the 0.01% or 0.02% APY to see how much you could earn over a specific number of months or years.Īs you can see, you won’t earn much interest with either account. So how much can you earn with Chase savings account rates? When opening any savings account, you want to consider whether your money will have much room to grow. Regular Chase Savings customers pay fees for non-Chase ATM transactions and incoming wire transfers, but Chase Premier Savings customers enjoy these services for free. Chase caps the withdrawal fees at three per month or $15 total. It’s triggered by each withdrawal over six during a monthly statement period.Īll withdrawals and transfers count toward the six-per-month limit, including ATM and teller transactions. In addition to the monthly maintenance fees, account holders also will want to avoid Chase’s $5 savings withdrawal limit fee. You can build up your balance by using an automatic savings feature that will make recurring deposits from most Chase checking accounts. Interest on Chase Savings and Chase Premier Savings accounts is compounded and credited monthly, based on the daily collected balance. The relationship rates are double the usual interest on Chase checking, but still very meager: 0.02% vs. Make at least five transactions in a monthly statement period with your linked checking account.Link your account to Chase Premier Plus Checking or Chase Sapphire Checking. ![]() ![]()
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