Chase Savings Account Interest Rates Of 2025

Chase Bank offers two standard savings accounts, Chase Savings℠ and Chase Premier Savings℠, as well as an additional savings account for Chase Private Client members. None of Chase’s savings accounts require a minimum deposit to open, and monthly fees can be waived by meeting specific criteria. However, like other traditional banks of a similar size, Chase’s savings accounts offer low rates between 0.01% to 0.02% annual percentage yield, or APY.

Rates may vary by location. For this article, we’ve used the New York City ZIP code of 10001.

Overview of Chase Savings℠ Account Interest Rates

Chase Bank offers three savings accounts, each with no minimum deposit requirement. However, having a Chase Private Client Savings℠ account requires you to have a Chase Private Client Checking℠ account, which has its own eligibility requirements.

These are your Chase savings account options:

• Chase Savings℠
• Chase Premier Savings℠
• Chase Private Client Savings℠

The first two accounts have monthly fees that can be waived by meeting specific requirements. Rates across accounts are very low—significantly lower than what’s provided by the best high-yield savings accounts. Interest compounds monthly.

Chase Savings℠

Chase Savings℠ is Chase’s most popular savings account option. The account earns 0.01% APY and has a $5 monthly fee, which can be waived if you meet one of the following conditions:

• Maintain a balance of $300 or more at the beginning of each day
• Have $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account
• The account holder is younger than 18
• Have an eligible linked account

Chase Premier Savings℠

The Chase Premier Savings℠ account earns a standard APY of 0.01% but allows account holders to earn relationship rates up to 0.02% APY by doing the following:

• Link a Chase Premier Plus Checking℠ or Chase Sapphire Banking account
• Make at least five customer-initiated transactions in a monthly statement period using your checking account

The account charges a $25 monthly fee, which you can avoid by completing one of the following each monthly statement period:

• Have a balance at the beginning of each day of at least $15,000
• Link a Chase Premier Plus Checking℠ or Chase Sapphire Banking account

Chase Private Client Savings℠

Chase customers who have a Chase Private Client Checking℠ account can open a Chase Private Client Savings℠ account and qualify for relationship rates. Relationship rates currently only reach 0.02% APY, only slightly higher than the standard rate of 0.01%. The account has no monthly service fee.

Chase Bank Savings Account Fees

How Much Can You Earn With a Chase Bank Savings Account?

Like other large national banks, Chase’s savings accounts have low rates. For this reason, you won’t earn a significant amount of interest with a Chase Bank savings account. You can use our savings calculator below to determine exactly how much you’d save based on initial deposit size, APY and contribution frequency.

How Chase Bank Savings Rates Stack Up

If you’re looking for a savings account that offers a high APY, Chase isn’t the right fit. Instead, you’d be better off considering an online bank. Online banks offer higher rates than traditional banks, like Chase, because they lack the overhead costs associated with maintaining physical branches. Online banks also use high rates to compete for customers and deposits, whereas large banks like Chase already have existing customer bases.

Here’s how the Chase Savings account compares to competitors.

How To Open a Chase Savings Account

After navigating to the appropriate landing page on Chase’s website for your preferred account, you’ll tap or click the “Get started” button. Before starting the application, you’ll be asked whether or not you are an existing Chase customer. If you are, you’ll be sent to the Chase account page to log in. If not, you may begin filling out an application. The application requires you to provide your full name, date of birth, email address, telephone number, home address, citizenship status, Social Security number and driver’s license number or state-issued ID.

Additional Savings Options at Chase

In addition to the above-mentioned savings accounts, Chase also offers certificates of deposit with terms ranging from one month to ten years. The minimum deposit required to open an account is $1,000.

Overall, Chase Bank CD rates are low, with a standard APY of just 0.01%. Customers can qualify for higher relationship rates by linking a Chase personal checking account, but these rates are still significantly lower than the best CD rates currently available. Featured rates aside, relationship rates only reach 2.00% APY.

Currently, the four-month, five-month and 10-month CDs are the only terms offering featured rates, earning up to 3.50% APY, 1.25% APY and 1.00% APY, respectively.

Early withdrawal penalties vary depending on the CD term length.

• Terms less than six months: 90 days’ interest on the amount withdrawn, but not more than the total amount of interest earned.
• Terms six months to less than 24 months: 180 days’ interest on the amount withdrawn, but not more than the total amount of interest earned.
• Terms 24 months or more: 365 days’ interest on the amount withdrawn, but not more than the total amount of interest earned.

Bottom Line on Chase Bank Savings Interest Rates

If earning a high interest rate is your top priority, opening a savings account with Chase isn’t worth it. Savings accounts at Chase only earn up to 0.02% APY, lower than the national average of 0.39%. However, if you’re looking for a reliable, full-service bank with a large physical presence, Chase could be a good fit. There are nearly 5,000 Chase Bank branches and over 15,000 ATMs nationwide.

Frequently Asked Questions (FAQs)