Table of Contents
Table of Contents
Compare Rates
Key Features
Pros and Cons
About Chase Bank
Alternatives
FAQs
Your Guide to CDs
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- Banking
- Certificates of Deposit (CDs)
Chase offers flexible terms but low APYs on its certificates of deposit
By
Rebecca Safier
:max_bytes(150000):strip_icc()/Rebecca-Safier-headshot-edit-3653106e4eb44c86a91670d358de53a5.jpg "Chase CD Rates: August 2024 (1)")
Updated August 01, 2024
Fact checked by
Michael Rosenston
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Fact checked byMichael Rosenston
Full Bio
Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance.
Learn about our editorial policies
:max_bytes(150000):strip_icc()/Primary-Image-chase-cd-rates-april-2023-7480360-91646410e7aa4e209c08a17bec5dda99.jpg "Chase CD Rates: August 2024 (3)")
While Chase offers a wide variety of terms on its CDs, its rates, which are as high as 5% for a two-month CD, are competitive if you are a customer, but otherwise very low.
Here’s an overview of Chase Bank’s CD rates for various terms and balances. The standard rates are for non-Chase customers, while the relationship rates are for customers with a linked Chase personal checking account.Compare these rates with the some of the best high-yield CDs.
Chase's CD rates may vary by location, and the rates listed below may not be available in all zip codes. The APYs listed below use NYC zip code 10001.
| Chase Standard CD Overview | ||
|---|---|---|
| CD Term | APY Across All Balances | Minimum Deposit |
| All monthly terms: 1, 2, 3–5, 6–8, 9–11, 12–14, 15–17, 18–20, 21–23, 24–29, 30–35, 36–41, 42–47, 48–120 | 0.01% | $1,000 |
| Chase Relationship CD Overview | |||
|---|---|---|---|
| CD Term | APY ($1,000–$9,999) | APY ($10,000–$99,999) | APY ($100,000+) |
| 1 month | 0.02% | 0.02% | 0.02% |
| 2 months(Featured Terms) | 4.50% | 4.50% | 5.00% |
| 3 months | 2.00% | 2.00% | 2.00% |
| 6 months (Featured Terms) | 3.00% | 3.00% | 3.00% |
| 9 months (Featured Terms) | 4.25% | 4.25% | 4.75% |
| 12 months | 2.00% | 2.00% | 2.00% |
| 15 months | 2.50% | 2.50% | 2.50% |
| 18 months | 2.50% | 2.50% | 2.50% |
| 21 months | 2.50% | 2.50% | 2.50% |
| 24 months | 2.50% | 2.50% | 2.50% |
| 30 months | 2.50% | 2.50% | 2.50% |
| 36 months | 2.50% | 2.50% | 2.50% |
| 42 months | 2.50% | 2.50% | 2.50% |
| 48–120 months | 2.50% | 2.50% | 2.50% |
Compare Chase Bank CD Rates
Chase Bank standard CDs offer rates that are generally lower than some of the best CDs on the market. As with any financial product, compare all the terms and conditions to determine which one best fits your needs.
Open a New Account × The offers that appear in this table are from partnerships from which we receive compensation. For more details, see our full advertiser disclosure. Institution Apy Min. To Earn Apy Highlights Open a New Account × The offers that appear in this table are from partnerships from which Dotdash receives compensation.
Chase Bank CDs: Key Features
| Chase Bank CDs Key Features | |
|---|---|
| APY Range | Standard rate: 0.01%; Relationship rates: 0.02%–5.00% |
| Minimum Deposit | $1,000 |
| Term Range | 1–120 months |
| Early Withdrawal Penalty | 90 days of interest for terms less than 6 months; 180 days interest for terms of 6–24 months; 365 days interest for terms of 24 months or longer |
When your Chase CD matures, or reaches the end of its term, you have 10 days to make changes or withdraw the money. Otherwise, your CD will automatically renew with the same rate and term.
Pros and Cons of Chase Bank CDs
Pros
Highest rates are competitive
Flexible terms
Cons
Low rates
Higher minimum deposit requirements
Pros Explained
- Highest rates are competitive: Chase Bank offers CD rates as high as 5.0% for two-month CDs. For longer-term CDs and CDs for non-customers, rates will be much lower.
- Flexible terms: Chase Bank offers CDs of terms with varying lengths of up to five years.
Cons Explained
- Higher rates elsewhere: Chase CDs highest interest rates are generally competitive, but you can easily find higher rates elsewhere.
- Higher minimum deposit: Chase Bank's minimum deposit requirement of $1,000 is on the high end.
About Chase Bank
With over 4,700 branches across the U.S., Chase Bank is one of the largest full-service banks in the country.
The full-service bank offers a wide variety of financial services, including two savings account options, other types of deposit accounts, rewards credit cards, and numerous other financing options.
Alternatives to Chase Bank CDs
- Other high-interest CDs:Chase Bank's highest CDs rates are competitive with interest rates on other CDs. But shop around to get the best rates. Check thebest CD ratescurrently available before making a deposit.
- High-yield savings account:If you want to protect your funds while also earning interest, you can also consider ahigh-yield savings account. Some high-yield accounts offer APYs of 4% or more.
- Checking account: A checking account is another option for storing your cash, especially if you don’t want to besubject to withdrawal limits. Somehigh-interest checking accountscan provide more returns on your cash than traditional checking accounts.
- Money market account:Money market accountsare similar to savings accounts, though they may also come with check-writing abilities and a debit card. You can often earn a good rate on your savings, but you might have to deal with monthly fees or minimum balance requirements.
- I bonds:I bondsfrom the U.S. government are an investment option for protecting your savings from inflation. I bonds may or may not offer a higher rate than the best CDs. When you invest, you have to commit to leaving your money in the I bond for at least a year.
Frequently Asked Questions (FAQs)
Does Chase Have a Minimum Deposit to Open a CD Account?
The minimum deposit requirement to open a Chase Bank CD account is $1,000.
What Are the APYs of a Chase CD Account?
If you have a linked Chase checking account, you can receive a CD account APY anywhere from 0.02% to 5.00%, depending on your CD term and balance. If you’re not a Chase customer, you’ll receive a much lower standard rate, regardless of your CD term or balance.
What Are the Term Options for a Chase CD Account?
The term options for a Chase CD account range from 1 to 120 months. Different term lengths have different APYs, and early withdrawal penalties will apply. Learn about short-term vs. long-term CDs here.
Do You Need a Chase Checking Account to Open a Chase CD Account?
You don’t need a Chase checking account to open a Chase CD account. However, you need to link a Chase personal checking account to your CD to qualify for Chase’s relationship rates, which vary based on CD term and balance.If you don’t bank with Chase, you’ll be limited to a low CD rate across all CD terms and balances.
Your Guide to CDs
- What Is a Certificate of Deposit (CD)?
- What Is a Brokered CD?
- What Is a CD Ladder?
- Pros and Cons of CDs
- How to Invest With CDs
- How to Open a CD
- How to Close a CD
- CDs vs. Annuities
- CDs vs. Stocks
- CDs vs. Mutual Funds
- CDs vs. ETFs
- CDs vs. Savings Accounts
- Short-Term vs. Long-Term CDs
- CD Rates News
- Best 1-Year CD Rates
- Best 18-Month CDs
- Best Jumbo CD Rates
- Best 6-Month CD Rates
- Best 3-Month CD Rates
- Best Bank CD Rates
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
Chase. "Consumer Deposit Rates," Page 2.
Chase. "Bank CD Rates."
JPMorgan Chase & Co. "Here’s What to Do When Your CD Matures."
Related Terms
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What Is a Certificate of Deposit (CD)? Pros and Cons
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CD Ladder: What It Is and How to Build One
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