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Chase Savings Account Interest Rate 2024: How It Compares
Chase savings account interest rates are generally lower than savings rates at online banks.
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Margarette Burnette is a NerdWallet authority on savings, who has been writing about bank accounts since before the Great Recession. Her work has been featured in The Associated Press, USA Today and other major newspapers. Before joining NerdWallet, Margarette was a freelance journalist with bylines in magazines such as Good Housekeeping, Black Enterprise and Parenting. She is based near Atlanta, Georgia.
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Chase savings accounts have low annual percentage yields. The Chase Savings℠ account rate is 0.01% effective as of 02/10/2023. Interest rates are variable and subject to change. Rates for the bank’s premium relationship savings accounts are slightly higher but still don't compare to online savings accounts that have rates close to 5% or higher.
Chase savings rates and fees
APY
0.01% effective as of 02/10/2023. Interest rates are variable and subject to change. This rate is for Chase Savings℠.
How it compares
The average national rate for savings accounts is 0.43%.
Monthly fees
$5.
How to avoid monthly fees
Link to an eligible Chase checking account, or
Maintain daily balance of at least $300, or
Set up a monthly automatic transfer of at least $25 from a Chase checking account, or
Link to a Chase College Checking℠ account for overdraft protection, or
Be under age 18.
Minimum opening deposit
None.
APY on balances for premium savings accounts
The Chase Premier Savings℠ relationship rate is 0.02% APY. You must have an eligible linked Chase checking account and make a minimum number of transactions to earn relationship rates. Otherwise, the standard rate for Chase Premier Savings℠ is 0.01%.
Large banks like Chase, with thousands of branches, tend to have accounts with higher monthly fees and lower savings rates. If you are looking for accounts that earn high yields, you will find better options with online-only accounts. Along with higher rates, many have no monthly fees or minimum balance requirements.
4.00%SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/24. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
4.75%*Current promotional rate; annual percentage yield (variable) is 4.25% as of 11/8/24, plus a .50% boost available as a special offer with qualifying deposit. $10 to start. Terms apply; if the base APY increases or decreases, you’ll get the .50% boost on the updated rate. Cash Reserve is only available to clients of Betterment LLC, which is not a bank; cash transfers to program banks (www.betterment.com/cash-portfolio) conducted through clients’ brokerage accounts at Betterment Securities. Subject to certain conditions.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
4.25%Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchronybank.com for current rates, terms and account requirements. Member FDIC
Term
13 months
Checking accounts are used for day-to-day cash deposits and withdrawals.
Checking accounts are used for day-to-day cash deposits and withdrawals.
0.10%Advertised Annual Percentage Yield (APY) is variable and accurate as of 07/01/2024. Rates are subject to change at any time before or after account opening.
Chase also offers certificates of deposit, a type of savings account with a fixed interest rate that also requires you to keep your money deposited for a certain amount of time. Chase’s CD offerings include many term lengths, from one month to 10 years. But the CDs have a $1,000 minimum opening deposit and better rates can be found elsewhere.
