Chase Savings Account Interest Rate: How It Compares

Chase savings account interest rates are generally lower than savings rates at online banks.
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Chase Savings℠
NerdWallet rating 
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Chase savings accounts have low annual percentage yields. The Chase Savings℠ account interest rate is 0.01% effective as of 07/02/2022. 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 of 1% or higher.

Chase interest rates and fees

Interest rate on balances

0.01% effective as of 07/02/2022. 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 0.13% APY.

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.

Interest 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 at online banks. Along with higher rates, many have accounts with no monthly fees or minimum balance requirements.

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

UFB Direct logo
Learn More

Member FDIC

UFB Rewards Savings

UFB Direct logo
APY

2.21%

Min. balance for APY

$0

Citizens logo
Learn More

Member FDIC

Citizens Online Savings Account

Citizens logo
APY

2.10%

Min. balance for APY

$5,000

CIT Bank logo
Learn More

Member FDIC

CIT Bank Savings Connect

CIT Bank logo
APY

1.90%

Min. balance for APY

$100

Marcus by Goldman Sachs logo
Learn More

Member FDIC

Marcus by Goldman Sachs Online Savings Account

Marcus by Goldman Sachs logo
APY

1.70%

Min. balance for APY

$0

Chase CDs and other savings options

Chase offers certificates of deposit with many term lengths, from 1 month to 10 years. But the CDs have a $1,000 minimum opening deposit and rates are also disappointingly low.

» Dive deeper: Read about NerdWallet’s Chase CD rates and how they compare to others

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

» Find this month's best savings account rates in NerdWallet's best savings rates

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