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Chase savings account rates

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Chase offers several savings accounts that pair with a highly regarded mobile banking app to help you achieve your financial goals. These accounts, however, will do little to boost your savings; even the rate on the big bank’s top-yielding account is very low, and higher rates can easily be found elsewhere.

Though Chase’s yields don’t impress, the nation’s largest bank routinely offers bonuses to new customers, though the incentives are more often offered on new checking accounts.

Chase earned 3.5 out of 5 stars in Bankrate’s review across its deposit products, while its savings accounts scored 2.7 out of 5 stars.

Chase savings account rates

Chase offers two main savings account options: standard and premier relationship. The premier relationship account pays a higher yield but also requires a linked Chase checking account and at least five transactions a month using the linked account.

Both accounts have a monthly service fee — $5 for the standard account and $25 for the premier account — but these fees are waived when you meet certain criteria, such as maintaining a minimum daily balance or setting up automatic transfers set.

Chase features tiered rates on its savings accounts, though at the time of this review, the APYs were the same regardless of balance.

Account name Interest rate APY Minimum deposit 
Chase savings 0.01% 0.01% None
Premier relationship 0.02% 0.02% None

Note: Annual percentage yields (APYs) shown are as of Sept. 9, 2022, and may vary by region for some products.

How Chase savings accounts compare to top-yielding banks

Chase offers savings accounts with yields that are next to nothing. Even the payout on its top-yielding account is low and requires a minimum number of transactions and a linked checking account to get the best rate.

The requirements to earn the APY isn’t worth that low-dollar reward when there are plenty of alternatives offering higher yields. You could, for example, earn 2 percent APY by choosing to park your savings in a Citibank Accelerate Savings account (not available in all markets) or even more at some online banks.

Other savings options at Chase

In addition to savings accounts, Chase offers certificates of deposits to assist with building your savings. Traditional CDs and retirement CDs are available, though the rates for Chase’s CDs are also comparatively low and higher yields can be found elsewhere.

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Written by
Libby Wells
Contributing writer
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications.
Edited by
Managing editor