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. However, these accounts do little to help you grow your savings; even the big bank’s top-yielding account is very low, and you can easily find higher rates elsewhere.

While Chase’s yields don’t impress, the well-known bank brand is known for offering bonuses to new customers.

Chase earned 3.4 out of 5 stars in Bankrate’s review across its deposit products.

Chase savings account rates

Chase offers two main savings account options: the standard and the premier relationship accounts. The premier relationship accounts pay a higher yield in exchange for a higher balance, but they also require you to link a Chase checking account and make at least five transactions per month.

Let’s take a closer look at the savings accounts offered by Chase in the chart below.

Note: These rates are for the Los Angeles area and could vary by market.

Account name Interest rate APY Minimum deposit 
Chase savings 0.01% 0.01% None
Premier relationship 0.02% 0.02% $0-$9,999
Premier relationship 0.02% 0.02% $10,000-$24,999
Premier relationship 0.02% 0.02% $25,000-$49,999
Premier relationship 0.03% 0.03% $50,000-$99,999
Premier relationship 0.04% 0.04% $100,000-$249,999
Premier relationship 0.05% 0.05% $250,000+

Note: The APYs (Annual Percentage Yields) shown are as of Aug. 23, 2021. The APYs for some products may vary by region.

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 would require you to jump through a series of hoops to get the best rate, including keeping an extremely high balance. The effort required to earn the APY might not be worth that low-dollar reward when there are all kinds of options offering a higher payout.

After all, you could park your money elsewhere and receive a higher APY with fewer requirements. For example, you could earn around 0.50 percent APY by choosing to park your savings with Citibank.

Other savings options at Chase

In addition to savings accounts, Chase offers certificates of deposits, or CDs, to assist with building your savings. You can choose to save with traditional CDs or retirement CDs to match your savings goals; however, you can find higher yields elsewhere.

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