Chase Savings Account Interest Rate 2024: How It Compares

Chase savings account interest rates are generally lower than savings rates at online banks.
Margarette Burnette
By Margarette Burnette 
Edited by Yuliya Goldshteyn

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Chase Savings℠
NerdWallet rating 

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


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 0.45%.

Monthly fees


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


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%.

» Learn more: Read NerdWallet’s Chase review

How Chase compares with online banks

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.

» Check out high-interest rate options with NerdWallet’s best high-yield online savings accounts

SoFi Bank, N.A. logo
Learn More

Member FDIC

SoFi Checking and Savings

SoFi Bank, N.A. logo


Min. balance for APY


EverBank logo
Learn More

Member FDIC

EverBank Performance℠ Savings

EverBank logo


Min. balance for APY


Chase CDs

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.

How much interest could you be earning? Find out with the calculator below. The higher the rate, the faster your money can grow.

Savings calculator

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