Chase Savings Account Interest Rates 2025
Explore Chase savings rates, fees, and how they compare to high-yield alternatives.
Chase Savings Account Interest Rates: A Complete Overview
Chase, as one of the nation’s largest banks with over 5,000 branches and 15,000 ATMs, offers several savings account options for customers looking to store and grow their money. However, understanding the current interest rates and how they compare to alternatives is crucial for making informed financial decisions. As of November 2025, Chase savings accounts offer some of the lowest interest rates in the banking industry, making it essential to evaluate whether these accounts align with your financial goals.
Current Chase Savings Account Interest Rates
Chase offers two primary savings account products: the Chase Savings account and the Chase Premier Savings account. The interest rates on these accounts remain exceptionally low compared to other financial institutions.
Chase Savings Account
The standard Chase Savings account currently offers an annual percentage yield (APY) of 0.01% as of November 28, 2025. This rate applies equally across all balance tiers, meaning whether you maintain a minimum balance or have a substantial deposit, you’ll earn the same minimal interest. The account requires no minimum opening deposit, making it accessible to anyone looking to open a savings account with Chase. However, the account does carry a $5 monthly service fee, though this fee can be waived by maintaining certain account conditions.
Chase Premier Savings Account
The Chase Premier Savings account provides a slightly higher interest rate, but the improvement is marginal. The relationship rate for this account stands at 0.02% APY when linked to a Chase Premier Plus Checking account or Chase Sapphire Checking account. To qualify for this rate, account holders must initiate at least five transactions per monthly statement period using the linked checking account. Without meeting these requirements, the standard rate reverts to 0.01%, identical to the basic savings account.
The Premier Savings account carries a $25 monthly service fee, though this can be waived by maintaining a daily balance of $15,000 or more, or by meeting the linking and transaction requirements mentioned above. The account also requires no minimum opening deposit to get started.
Understanding Chase Savings Account Fees
Monthly service fees represent a significant consideration when evaluating the true earnings potential of Chase savings accounts. A $5 monthly fee on the standard Chase Savings account equates to $60 annually, substantially eroding any interest earnings.
Fee Waiver Requirements
Chase provides several ways to avoid monthly fees:
- For Chase Savings: Maintain a minimum daily balance of $500, set up automatic transfers, or link the account to qualifying Chase checking accounts
- For Chase Premier Savings: Maintain a $15,000 minimum daily balance, or link to a Chase Premier Plus or Sapphire checking account and complete five qualifying transactions monthly
Understanding these requirements is essential, as fees can completely eliminate the minimal interest being earned on these accounts.
How Chase Rates Compare to National Averages
The national average savings account rate currently stands at approximately 0.40%, meaning Chase’s rates fall significantly below this benchmark. Chase’s 0.01% rate represents just 2.5% of the national average, demonstrating how substantially Chase lags behind other traditional banking institutions.
This disparity becomes even more pronounced when comparing Chase rates to high-yield online banks, which offer rates ranging from 4% to 5% or higher. For example, accounts like Varo Savings Account offer 5.00% APY, while Axos ONE® Savings provides 4.51% APY. This means a $10,000 deposit earning 5% would generate $500 in annual interest, compared to just $1 at Chase’s 0.01% rate.
Why Chase Rates Are So Low
Chase’s minimal interest rates reflect the traditional banking model. Large brick-and-mortar banks with extensive branch networks and ATM infrastructure must support these physical locations through customer fees and lower deposit rates. Online-only banks, by contrast, operate with minimal overhead, allowing them to pass savings to customers through higher interest rates and lower or eliminated fees.
The trade-off for Chase customers is access to an unparalleled physical banking network. Chase branches and ATMs provide convenience and personalized service that online-only institutions cannot match. However, for customers primarily managing accounts through digital channels, this advantage may hold minimal value.
Chase Savings Account Comparison Table
| Feature | Chase Savings | Chase Premier Savings |
|---|---|---|
| APY (Standard) | 0.01% | 0.01% |
| APY (Relationship Rate) | N/A | 0.02% |
| Monthly Fee | $5 | $25 |
| Minimum Opening Deposit | $0 | $0 |
| FDIC Insurance | Yes (up to $250,000) | Yes (up to $250,000) |
| Branches & ATMs | 5,000+ branches, 15,000+ ATMs | 5,000+ branches, 15,000+ ATMs |
Chase Certificates of Deposit (CDs)
While Chase’s savings accounts offer disappointing rates, the bank does provide certificate of deposit options that may offer slightly better value. Chase CDs feature fixed interest rates locked in for specific terms ranging from one month to ten years. These accounts require a $1,000 minimum opening deposit.
However, even Chase CD rates fall below those offered by competitors. For perspective, Marcus by Goldman Sachs offers a 7-month no-penalty CD at 3.90% APY, while Discover® offers 4.05% APY on certain CD terms. Chase’s CD offerings typically hover well below these rates, making them less competitive for deposit certificates as well.
CDs do provide the advantage of a guaranteed rate for the entire term, protecting your earnings from future rate decreases. However, early withdrawal penalties apply if you need access to your funds before maturity.
High-Yield Alternatives to Chase Savings
For consumers prioritizing interest earnings over branch convenience, numerous high-yield alternatives exist. Online banks and financial technology companies offer substantially better rates:
- Varo Savings Account: 5.00% APY with $0 minimum balance
- Axos ONE® Savings: 4.51% APY with $1,500 minimum balance
- Forbright Bank Growth Savings: 4.00% APY with $0 minimum balance
- Betterment Cash Reserve: 4.15% APY with $0 minimum balance
- Wealthfront Cash Account: Up to 4.15% APY with $1 minimum balance
Many of these accounts feature no monthly fees, no minimum opening deposits, and full FDIC insurance protection. The interest rate differential translates to substantial earnings differences. On a $10,000 deposit over one year, earning 4.5% versus 0.01% generates $449 in additional interest—money that could fund emergencies, investments, or financial goals.
Money Market Accounts
Money market accounts represent another alternative to Chase savings products. These hybrid accounts combine features of savings accounts and checking accounts while typically offering rates comparable to high-yield savings accounts. Institutions like Zynlo offer money market accounts at 4.25% APY with minimal balance requirements. Money market accounts often provide check-writing capabilities and debit cards, adding flexibility for accessing funds.
Benefits of Banking with Chase
Despite low interest rates and high fees, Chase maintains advantages that appeal to certain customers:
- Extensive Branch Network: With 5,000+ branches nationwide, Chase provides unmatched accessibility for in-person banking needs
- ATM Access: 15,000+ ATMs ensure convenient cash access virtually anywhere
- Mobile Banking: Chase’s highly-rated mobile app offers robust digital banking features
- Customer Bonuses: Chase frequently offers sign-up bonuses for new checking accounts, though savings account promotions are less common
- Integrated Services: Linking savings to premier checking accounts can provide benefits and relationship rates
FDIC Protection and Account Safety
All Chase savings accounts include Federal Deposit Insurance Corporation (FDIC) protection up to $250,000. This insurance protects deposits if Chase were to fail, ensuring your money remains safe. This protection also applies to high-yield online banks that maintain FDIC membership, so switching to higher-yielding alternatives doesn’t compromise safety.
Making the Right Choice for Your Savings
Selecting between Chase and alternative savings options depends on your priorities. If you value branch access, personalized service, and maintain significant checking account relationships with Chase, the convenience may justify lower rates. However, if interest earnings matter and you’re comfortable with digital-only banking, high-yield alternatives deserve serious consideration.
The decision also depends on deposit amounts. For smaller savings balances, the $60 annual difference between earning 4.5% and 0.01% might seem minimal. However, for larger deposits or longer-term savings, this difference becomes substantial. Someone with $100,000 in savings would earn $4,500 annually at 4.5% versus just $10 at Chase’s 0.01% rate.
Frequently Asked Questions
Q: What is the current Chase Savings account interest rate?
A: As of November 2025, the Chase Savings account offers 0.01% APY, one of the lowest rates available in the banking industry. This rate is variable and subject to change at Chase’s discretion.
Q: How can I avoid Chase savings account fees?
A: For the standard Chase Savings account, you can waive the $5 monthly fee by maintaining a minimum daily balance of $500 or setting up automatic transfers. For Chase Premier Savings, maintain a $15,000 daily balance or link to a qualifying Chase Premier Plus or Sapphire checking account with five monthly transactions.
Q: How do Chase rates compare to online banks?
A: Chase’s 0.01% rate significantly lags behind online banks offering 4-5% APY. On a $10,000 deposit, you’d earn approximately $1 annually at Chase versus $400-500 at high-yield online banks.
Q: Is my money safe with Chase savings accounts?
A: Yes, Chase savings accounts are FDIC insured up to $250,000, protecting your deposits if the bank fails. This same protection applies at most online banks as well.
Q: What is the Chase Premier Savings relationship rate?
A: The Chase Premier Savings relationship rate is 0.02% APY when linked to a Chase Premier Plus or Sapphire checking account with at least five qualifying transactions monthly. Without meeting these requirements, the rate defaults to 0.01%.
Q: Can I earn higher rates with Chase CDs?
A: Chase CDs offer fixed rates for terms ranging from one month to ten years, but rates remain below competitors. Marcus by Goldman Sachs and Discover offer superior CD rates, though all CDs provide rate certainty for the entire term.
References
- Chase Savings Account Interest Rates — Chase Bank. 2025-11-28. https://www.chase.com/personal/savings/savings-account/interest-rates
- Chase Premier Savings Account Interest Rates — Chase Bank. 2025-11-28. https://www.chase.com/personal/savings/interest-savings/interest-rates
- Chase Savings Account Interest Rates 2025: How They Compare — NerdWallet. 2025-05-07. https://www.nerdwallet.com/banking/learn/chase-savings-account-interest-rate-how-it-compares
- Chase Savings Account Interest Rates — Bankrate. 2025-09-20. https://www.bankrate.com/banking/savings/chase-savings-rates/
- Open a Chase Certificate of Deposit Account — Chase Bank. 2025-11-26. https://www.chase.com/personal/savings/bank-cd
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