Chase savings accounts earn between 0.01% and 4.75% annual percentage yield, depending on which account you open and how much you deposit

Chase offers four main savings products, and the rate you earn depends entirely on which one you choose. The Chase Savings Account (their standard option) currently earns 0.01% APY on all balances. The Chase Premier Savings earns up to 0.05% APY if you maintain a $25,000 minimum balance. The Chase Youth Savings Account earns 0.01% APY and is designed for customers under 18. The Chase find Banking account earns 0.01% APY and requires no minimum balance.

If you want the highest rate Chase offers, you need their Chase Bank Investor Savings Account, which earns 4.75% APY on balances up to $250,000. This account is only available to customers who also have an active brokerage account with Chase, and it requires a $10,000 minimum deposit. Balances above $250,000 earn 0.01% APY on the excess.

These rates change frequently—sometimes weekly. Chase updates rates based on Federal Reserve decisions and market conditions, so the percentage you see today may be different in a month. You can check the current rate on Chase's website or by calling 1-800-935-9935.

Key Takeaways

  • Chase's standard savings account earns 0.01% APY, which means $1,000 earns about 10 cents per year.
  • Chase Premier Savings pays up to 0.05% APY but requires you to keep $25,000 in the account at all times.
  • The Chase Bank Investor Savings Account earns 4.75% APY, but you must have an active brokerage account with Chase and deposit at least $10,000.
  • Chase rates are not competitive with online banks or credit unions, which often pay 4% to 5% APY on standard savings accounts with no minimum balance.

How Chase calculates what you earn

Chase compounds interest daily and deposits it monthly. This means the bank calculates how much interest you owe each day based on your balance that day, then adds all those daily amounts together at the end of the month and deposits the total into your account.

The formula is straightforward: your balance multiplied by the APY, divided by 365 days. If you have $10,000 in a Chase Savings Account earning 0.01% APY, you earn about $1 per year, or roughly 8 cents per month. If you have $10,000 in the Investor Savings Account at 4.75% APY, you earn about $475 per year, or roughly $40 per month.

The APY (annual percentage yield) already includes the effect of compounding, so you do not need to do any additional math. The rate shown is what you will actually earn over a year if your balance stays the same.

Why Chase rates are lower than other banks

Chase is a large retail bank with physical branches in most states. They make money partly from the interest they earn on deposits—the difference between what they pay you and what they charge borrowers. Because they have high operating costs (rent, staff, technology), they can afford to pay depositors less than online-only banks do.

Online banks like Ally, Marcus, and Wealthfront have no branches and lower overhead, so they can pass more of their earnings back to depositors. Many online savings accounts currently pay 4% to 5% APY with no minimum balance and no account fees. Credit unions often pay similar rates to their members.

If you keep money in a Chase savings account primarily because you use Chase checking or have a mortgage there, the convenience may be worth the lower rate. If you are choosing a bank purely for savings returns, Chase's standard accounts will earn you significantly less than alternatives.

The Investor Savings Account exception

Chase's 4.75% rate on the Investor Savings Account is competitive with online banks, but it comes with a significant barrier: you must have an active brokerage account with Chase. This means you need to have invested money in stocks, bonds, mutual funds, or other securities through Chase. You cannot straightforward open a brokerage account and leave it empty—it must show active trading or holdings.

The $10,000 minimum deposit is also higher than most online savings accounts require. And the rate only applies to the first $250,000; anything above that earns 0.01%. For someone with $500,000 to save, only half of it earns the advertised rate.

This account makes sense if you are already investing with Chase and want a place to park cash between trades or hold an emergency fund. It does not make sense as a primary reason to open a Chase brokerage account.

How to compare Chase rates to other banks

When you are deciding where to keep savings, compare three things: the APY, the minimum balance required, and whether there are monthly fees. A bank that pays 4.5% APY but charges $10 per month in fees is actually paying you less than one paying 4.25% with no fees.

Chase charges no monthly maintenance fees on any of their savings accounts if you maintain the minimum balance (or no minimum for the standard Savings Account). Many online banks also charge no fees. Some credit unions charge small monthly fees unless you maintain a balance or set up direct deposit.

The second thing to check is whether the bank is FDIC-insured. Chase is, which means your deposits are protected up to $250,000 per account type. Most online banks and credit unions are also insured, but it is worth confirming before you move money.

When a Chase savings account makes sense

A Chase savings account is practical if you already bank with Chase and want to keep everything in one place. The convenience of managing checking and savings in the same app, with the same login, has real value if you move money between accounts frequently.

If you have a Chase mortgage or use Chase business banking, you may also may have access to for relationship discounts or higher rates that are not advertised to the general public. Call your local Chase branch or your mortgage officer to ask whether you are may be able to access.

For most people saving for an emergency fund or a short-term goal, an online bank will earn you significantly more money with no trade-off in safety or convenience. The difference between 0.01% and 4.5% APY on $10,000 is about $450 per year—real money that compounds over time.

Frequently Asked Questions

Does Chase offer a high-yield savings account?

Chase does not offer a traditional high-yield savings account for general customers. Their Premier Savings maxes out at 0.05% APY. The only high-yield option is the Investor Savings Account at 4.75% APY, which requires an active brokerage account with Chase.

Can I move money between my Chase checking and savings accounts without fees?

Yes. Chase allows unlimited transfers between your own checking and savings accounts with no fees or limits. The transfer happens when ready if you do it through the Chase app or website.

What happens to my interest if I withdraw money mid-month?

Chase calculates interest daily, so you earn interest on whatever balance you have each day. If you withdraw $5,000 on the 15th, you earn interest on your full balance for the first 14 days, then on the reduced balance for the remaining days. You do not lose any interest you have already earned.

Is my money safe in a Chase savings account?

Yes. Chase is FDIC-insured, which means deposits up to $250,000 per account type are protected by the federal government if the bank fails. Your savings account is a separate category from your checking account, so you have $250,000 protection in each.

How often does Chase change their savings rates?

Chase can change rates at any time without notice. They typically adjust rates when the Federal Reserve changes its benchmark rate, but they may also move rates independently based on market conditions. Check Chase's website or call them directly if you need the current rate before opening an account.