What is the interest rate on chase savings account

Chase Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. This guide will compare their interest rates to CD rates from the USA’s top banks.

Let’s take a look at Chase banking!

Earn The Highest Interest Rates On Savings Today

Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.

Term	Insurance Company	Interest Rate
N/A	UFB Bank Savings Account	3.83%
N/A	UFB Money Market Account	3.70%
12 Months	SkyOne Federal Credit Union CD	4.50%
22 Months	SkyOne Federal Credit Union CD	5.00%
27 Months	Sallie Mae CD	5.00%
36 Months	Canvas Fixed Annuity	5.50%
48 Months	Oceanview Fixed Annuity	5.00%
5 Years	Canvas Annuity	5.60%
6 Years	Oceanview Annuity	5.30%
7 Years	Canvas Annuity	5.70%
10 Years	Oceanview Annuity	5.20%

*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.

Find And Compare The Highest Interest Rates

Find the highest interest rates for your savings ranging from 3 months to 10 years, all in one place.

About Chase Bank

Chase Bank is one of the largest banks in the United States. It provides its customers with a wide range of banking, mortgage, credit card, and investment services.

Chase Bank has been providing financial services to customers for over 130 years and continues to be a trusted choice for millions of customers across the US. With a wide range of products and services, including checking accounts, savings accounts, investment services, credit cards, personal loans, and many more options for managing your finances, Chase Bank is the ideal choice for anyone looking for a reliable bank with excellent customer service.

With over 5,000 branches and 16,000 ATMs throughout the country, Chase is easily accessible to most people. In addition to traditional banking services like savings accounts, checking accounts, and loans, Chase offers investment products like mutual funds and annuities.

Chase is an FDIC member and headquartered in New York City.

Chase Bank is a good option if you’re looking for a full-service bank with a wide range of products and services. However, if you’re looking for the lowest fees and interest rates, you may want to compare Chase with other banks before making a decision.

Chase Bank Checking Account Rates

Opening a checking account at Chase Bank can be a great way to manage your finances. With easy online access, flexible payment options, and low fees, it’s a convenient and affordable choice for anyone who wants to keep their money secure and accessible.

Whether you’re looking to simplify your budget or set up automatic transfers to pay bills on time, Chase has the tools and services you need to stay on top of your finances. So if you’re ready to take charge of your money and start saving today, open a checking account with Chase Bank!

Chase Money Market Account Rates

Chase Bank does not currently offer money market accounts. However, they offer several other savings accounts, including traditional accounts and certificates of deposit (CDs).

You can find the best money market rates here.

Chase Bank Savings Account Rates

Chase Bank offers some of the best savings accounts available today. In addition, these accounts are highly customizable, allowing you to choose from various interest rates and minimum balance requirements to find an account that fits your needs.

Furthermore, Chase excels when it comes to customer service and security. Their dedicated account representatives are available at all hours, ready to answer your questions and help with any problems or issues you might encounter. And as a bonus, all Chase savings accounts come equipped with advanced security features such as secure online banking and 24/7 monitoring by real people.

Chase offers two different savings account options: the standard and the premier. The Premier account pays a higher interest rate in exchange for a higher balance. The standard account does not have this requirement but only pays a lesser interest rate.

Chase has the perfect savings account whether you’re just starting or have been saving for years. So why wait? Go ahead and sign up today!

For many people, saving money is a top priority. One way to do this is to invest in a certificate of deposit (CD) from a bank or credit union. CDs are low-risk investments that typically offer higher interest rates than savings accounts. Chase Bank offers a variety of CD options, making it a good choice for people who want to grow their savings.

The interest rate and term length are fixed, so savers know how much they will earn on their investment. CDs can be an ideal way to save for long-term goals like retirement, as they offer the potential for steady growth over time. Chase Bank CDs may be worth considering for people looking for a safe and reliable way to grow their savings.

Compare CD Rates From 423 Banks And Credit Unions

Find the highest interest rates for your savings ranging from 3 months to 5 years.

Certificates of Deposit vs. Fixed Annuity

The Top Fixed Annuities

Fixed annuities offer a guaranteed return for a set amount of years, similar to a CD. Guaranteed crediting rates for the terms below:

2-YEAR TERM: 4.30%
3-YEAR TERM: 5.50%
4-YEAR TERM: 5.00%
5-YEAR TERM: 5.60%
6-YEAR TERM: 5.30%
7-YEAR TERM: 5.70%

Grow your money as fast as possible
Principal protection
The interest rate is locked for the term you select
Tax-deferred growth
Withdraw annually without penalty
Lump-sum death benefits
Accepts cash, 401(k), and IRA Funds

What’s The Difference Between a Fixed Annuity and a CD?

Feature	Fixed Annuity	CD
Who Offers	Insurance Company	Banks
Premium Amounts	$2,500 to $1 Million	$500 – No Maximum
Terms	2 Years to 20 Years	3 Months to 7 Years
Guaranteed Interest Rates	Up to 5.25%	Up to 3.50%
Triple Compounding	Yes	No
Principal Protection	Yes	Yes
Can Lose Money?	No	No
Liquid After Term	100%	100%
How Are Gains Taxed?	Tax-Deferred	Taxed Annually
Annual Liquidity	Up to 10% Annually	No Liquidity
Who Protects My Money?	Insurance Company/SGA	FDIC
Accepts IRA	Yes	No
Accepts 401(k)	Yes	No
Death Benefit	Lump-Sum	Lump-Sum

Are Annuities FDIC Insured?

Fixed annuities are not FDIC insured but have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations where they do business. Each state insurance guarantee association protects consumers in the unlikely event the insurance company fails and defaults on its obligations to its consumers (limits vary per state).

For example, Georgia insures up to $250,000 of the annuity’s cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.

Chase vs.

Ally Bank
PNC Bank
BECU
Arrowhead Credit Union

The Best CD Rates Today

3-Month CD Rates

The following banks and credit unions have the highest CD rates for 3 months.

Best 3-Month CD Rates	Rate	Term	Minimum
Synchrony Bank	2.25% APY	3 Months	$0.00
Popular Direct	2.00% APY	3 Months	$10,000.00
TIAA Bank	2.00% APY	3 Months	$1,000.00
TotalDirect Bank	2.00% APY	3 Months	$25,000.00
Bethpage Federal Credit Union	2.00% APY	3 Months	$50.00
Luana Savings Bank	3.05% APY	3 Months	$1,000.00
Hanscom Federal Credit Union	4.25% APY	3 Months	$1,000.00
Liberty Federal Credit Union	3.25% APY	4 Months	$1,000.00

6-Month CD Rates

Best 6-Month CD Rates	Rate	Term	Minimum
CommunityWide FCU	3.25% APY	6 Months	$1.000.00
Quontic Bank	2.25% APY	6 Months	$500.00
PenFed Credit Union	2.00% APY	6 Months	$1,000.00
NASA Federal Credit Union	4.00% APY	9 Months	$1,000.00
Synchrony Bank	3.25% APY	6 Months	$0.01
Popular Direct	3.65% APY	6 Months	$10,000.00
North American Savings Bank	3.82% APY	7 Months	$5,000.00
First Internet Bank	3.87% APY	6 Months	$1,000.00
Bank5 Connect	3.60% APY	6 Months	$500.00
Hanscom Federal Credit Union	4.25% APY	6 Months	$1,000.00
Andrews Federal Credit Union	5.00% APY	7 Months	$1,000.00
Apple Federal Credit Union	4.00% APY	5 Months	$500.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD Rates	Rate	Term	Minimum
Blue FCU	4.60% APY	15 Months	$1.00
CommunityWide FCU	3.50% APY	12 Months	$1,000.00
Bread Savings	4.00% APY	12 Months	$1,500.00
First National Bank of America	3.95% APY	12 Months	$1,000.00
PenFed Credit Union	3.50% APY	12 Months	$1,000.00
Marcus by Goldman Sachs	4.00% APY	12 Months	$500.00
Synchrony Bank	4.01% APY	12 Months	$0.00
Discover	4.00% APY	12 Months	$2,500.00
BenescoUSA	4.40% APY	12 Months	$1,500.00
Capital One	4.00% APY	12 Months	$0.00
Suncoast Credit Union	2.05% APY	12 Months	$500.00
LendingClub	4.00% APY	12 Months	$2,500.00
KS State Bank	3.84% APY	12 Months	$500.00
Live Oak Bank	4.50% APY	12 Months	$2,500.00

2-Year CD Rates

The following banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD Rates	Rate	Term	Minimum
Bread Savings	4.00% APY	24 Months	$1,500.00
Synchrony Bank	4.26% APY	24 Months	$0.01.00
First National Bank of America	4.00% APY	24 Months	$1,000.00
Pentagon Federal Credit Union	3.85% APY	24 Months	$1,000.00
Marcus by Goldman Sachs	4.25% APY	24 Months	$500.00
North American Savings Bank	4.50% APY	24 Months	$5,000.00
Skyla Credit Union	4.50% APY	21 Months	$500.00
KS State Bank	4.94% APY	24 Months	$500.00
Genisys Credit Union	4.58% APY	25 Months	$500.00

3-Year CD Rates

The following banks and credit unions have the highest CD rates for 3 years.

Best 3-Year CD Rates	Rate	Term	Minimum
Quontic Bank	3.75% APY	36 Months	$500.00
Bread Savings	4.00% APY	36 Months	$1,500.00
Pentagon Federal Credit Union	3.65% APY	36 Months	$1,000.00
Synchrony Bank	4.26% APY	36 Months	$0.01%
First National Bank of America	4.10% APY	36 Months	$1,000.00
Marcus by Goldman Sachs	4.00% APY	36 Months	$500.00
Quorum Federal Credit Union	4.00% APY	30 Months	$1,000.00
Discover	4.15% APY	36 Months	$2,500.00
Signature Federal Credit Union	3.35% APY	36 Months	$500.00
Barclays	4.15% APY	36 Months	$0.00
Capital One	4.15% APY	36 Months	$0.00
First Internet Bank	4.28% APY	36 Months	$1,000.00
Sallie Mae Bank	4.50% APY	36 Months	$2,500.00
Crescent Bank	4.55% APY	36 Months	$1,000.00
LendingClub	4.10% APY	36 Months	$2,500.00
KS State Bank	4.99% APY	36 Months	$500.00
Prime Alliance Bank	4.50% APY	36 Months	$500.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 4 years.

Best 4-Year CD Rates	Rate	Term	Minimum
Bread Savings	4.15% APY	48 Months	$1,500.00
NASA Federal Credit Union	4.10% APY	49 Months	$10,000.00
PenFed Credit Union	3.65% APY	48 Months	$1,000.00
Synchrony Bank	4.26% APY	48 Months	$0.01
First National Bank of America	4.15% APY	48 Months	$1,000.00
Marcus by Goldman Sachs	4.00% APY	48 Months	$500.00
Crescent Bank	4.55% APY	48 Months	$1,000.00
First Internet Bank	4.33% APY	48 Months	$1,000.00
KS State Bank	4.99% APY	48 Months	$500.00
Department of Commerce Federal Credit Union	4.37% APY	48-59 Months	$25,000.00

5-Year CD Rates

The following banks and credit unions have the highest CD rates for 5 years.

Best 5-Year CD Rates	Rate	Term	Minimum
Bread Savings	4.25% APY	60 Months	$1,500.00
Popular Direct	4.35% APY	60 Months	$10,000.00
Synchrony Bank	4.26% APY	60 Months	$0.00
PenFed Credit Union	3.65% APY	60 Months	$1,000.00
First National Bank of America	4.25% APY	60 Months	$1,000.00
Marcus by Goldman Sachs	3.80% APY	60 Months	$500.00
Discover	4.25% APY	60 Months	$2,500.00
Barclays	4.25% APY	60 Months	$0.00
Capital One	4.25% APY	60 Months	$0.00
LendingClub	4.10% APY	60 Months	$2,500.00
Sallie Mae Bank	4.55% APY	60 Months	$2,500.00
Crescent Bank	4.60% APY	60 Months	$1,000.00
Connexus Credit Union	3.51% APY	60 Months	$5,000.00
KS State Bank	4.99% APY	60 Months	$500.00

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Frequently Asked Questions

What is the best rate at Chase Bank?

1-year CD: 0.02%-0.05% APY.
3-year CD: 0.02%-0.05% APY.
5-year CD: 0.02%-0.05% APY.
10-year CD: 0.02%-0.05%APY.

What’s the highest CD rate I can expect?

If you’re looking for 6% CD rates, you’re not going to find them at a bank, credit union, online, or financial institution. Interest rates on CDs haven’t been that high in over a decade. However, fixed annuities have peaked at 4 percent in the last ten years.

While 6% CD rates may be a thing of the past, options are still available for those looking for a higher rate of return on their investment. Fixed annuities can provide a safe and secure way to grow your money, and they offer the potential for higher returns than traditional savings accounts. If you’re interested in exploring this option, talk to a financial advisor to see if a fixed annuity is right.

What is Chase Bank interest rate on savings account?

The Chase Savings℠ standard account offers a 0.01% APY, which is extremely low. There's a $5 monthly fee for this account, which can be waived if you transfer $25 or more from a linked checking account or link a qualifying Chase checking account.

Which bank gives 7% interest on savings account?

DCB Bank. Interest rates for savings accounts at DCB Bank are effective as of August 22, 2022. The bank is now giving an interest rate of 7.00% on account balances between 25 lakh and less than 2 crore.

Why is Chase savings interest so low?

One reason savings account rates are so low is that financial institutions profit when the rate on the money they lend out is higher than the rate they pay people who deposit money into savings. When rates on loans are low, banks like to keep savings account rates even lower to continue making money on them.

Is Chase Bank good for savings account?

Chase has a good basic checking account but its savings rates are generally 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.