Chase Bank Review: Checking, Savings and CDs

Chase’s size and its broad range of financial products offer customers convenience, but some of its bank accounts come with high fees and low rates.
Margarette Burnette
By Margarette Burnette 
Edited by Yuliya Goldshteyn

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Learn more

at Chase, Member FDIC

  • Checking
  • Savings
  • Certificates of deposit
  • Customer experience
  • Overdraft fees

Overall institution rating


NerdWallet rating 
The bottom line:

JPMorgan Chase is the largest bank in the country and offers a robust menu of services and products. It provides mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its website experience can compete with that of online-only banks. Chase ranked well in the 2023 J.D. Power U.S. Retail Banking Satisfaction Study.

Chase has a good basic checking account but its savings rates are low, and some fees are high and hard to avoid.

Best for: Customers who want access to a large number of branches, are not looking for the highest interest rates and can keep a large enough balance to avoid a monthly fee.


  • Large branch network.
  • Large, free, nationwide ATM network.
  • Early direct deposit.
  • Overdraft buffer.


  • Expensive overdraft fee.
  • Monthly fees (though some are avoidable).
  • Low rates on savings accounts and CDs.

Full review


Chase Total Checking®


Member FDIC


 NerdWallet rating 
Monthly fee
Waived with direct deposit or $1,500 minimum balance
Requirements to qualify
Learn more

at Chase

Chase offers several checking options, including its most basic account, Chase Total Checking®, and a couple that bear a tiny amount of interest (the rates are lower than the national average of 0.08%). Each checking account gives users access to mobile banking, including online bill pay, and comes with a debit card.

Chase Total Checking® account holders can avoid a fee each month by having monthly direct deposits totaling $500 or more, keeping a beginning day balance of at least $1,500 or having an average beginning day balance of $5,000 or more across certain Chase accounts.

Chase offers a $300 bonus on its Total Checking® account (expires 07/24/2024). See our list of best bonuses for details.

» Looking for a business checking account? See our review of Chase's Business Complete Checking


Chase Savings℠
Chase Savings℠


Member FDIC


 NerdWallet rating 
With $0 min. balance for APY

Chase's basic account, Chase Savings℠, has a low annual percentage yield of only 0.01% (effective 2/10/2023; rates are variable and subject to change). The account supports free overdraft protection transfers to a linked checking account when there’s not enough money in checking to cover a transaction.

Customers can avoid the $5 monthly fee on the Chase Savings℠ account by maintaining a daily balance of at least $300 or scheduling a recurring transfer of at least $25 from a linked Chase checking account, among a couple other options.

» Want to see more options? Check out NerdWallet’s best savings accounts

Certificates of deposit

Chase CD
Chase CD


Member FDIC


 NerdWallet rating 
1-year APY
3-year APY
5-year APY
Minimum deposit

Chase offers many term lengths, but most rates are disappointing. Compared with what you can find at online banks, Chase’s minimum deposit requirement is higher and its rates are much, much lower. Read more about Chase's CDs here.

» Want to see higher yields? Check our list of best CD rates for the month

Customer experience


NerdWallet rating 

Chase has a large network of branches and ATMs across the country.

Chase offers customer support through social media and by phone. The bank uses X (Twitter) to answer customer questions, with reps providing their initials in tweets so customers can follow up. The bank provides daily customer service via phone and has highly rated mobile apps.

Overdraft fees


NerdWallet rating 

There's no fee for overdrawing by $50 or less in a day. A customer can also avoid an overdraft fee if they overdraft more than $50 and bring their account balance to overdrawn by $50 or less by 11 p.m. ET the next business day.

But if you overdraft by more or you can’t bring your balance into positive territory, Chase continues to charge an overdraft fee of $34, up to three times per day (unlike banks that have eliminated overdraft fees). However, Chase doesn't charge for overdraft transfers if a customer links their savings account as a backup.


NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.