Chase Bank: Savings Account & Rates
Mission: Banksparency aims to make Chase Bank's savings account transparent and comparable to the market.
Analysis of Chase Bank
Our verdict
Chase Bank offers Chase Savings℠, a high-yield savings account paying 0.01% APY with no minimum deposit.
At 0.01% APY, Chase Bank is competitive with the national average of 0.39%. Ranks in the top tier of 99+ accounts tracked.
Ideal User Profile
- Best for: simple saving without extra requirements, quick transfers with Zelle, and having a branch nearby when you need one.
Key Differentiators
- Stands out with top-rated iOS app (4.8), highly-rated Android app (4.7), in-person banking available, Zelle for instant transfers.
Savings Overview
Chase Savings℠
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $5 |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.
Bank Overview
- HQ LocationNew York, New York
- Founded1877
- AffiliationJPMorgan Chase & Co
- Ratings & Trust
- Zelle® SupportAvailableDaily Limit: $2,000Branded as Chase QuickPay; dynamic limits up to $10k.
- Deposit InsuranceFDIC Insured(Cert: 628)
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Chase Bank
| Feature | Chase Savings℠ |
|---|---|
APY | 0.01%Verified: 2/20/2026 |
APY Trend | Very StableNo rate changes in last 90 days |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $5 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | Yes |
Compounding | Monthly |
FDIC Insured | Yes |
Eligibility | United States |
Important | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Next Steps | - |
Calculate Savings for Chase Bank
Savings Breakdown
- Interest Earned+$3.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,003.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Chase Bank Savings Rates Over Time
Historical APY Insights
Last 12 Months| Metric | Chase Savings℠ |
|---|---|
Latest APY | 0.01% |
Trend | Sideways |
Slope (bps/mo) | -0.0 |
Rate Changes / Mo | 0.00 |
Days Since Last Change | 365 |
High (-12m) | 0.01% |
Low (-12m) | 0.01% |
Draw-down | 0.0% |
Volatility (CV) | 0.000 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 365-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Chase Bank
| Feature | Current View Chase Bank | Empty Slot |
|---|---|---|
| Product | Chase Savings℠ | - |
APY | 0.01%Verified: 2/20/2026 | - |
APY Trend | Very StableNo rate changes in last 90 days | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $5 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | Yes | - |
| Eligibility | United States | - |
Compounding | Monthly | - |
FDIC Insured | Yes | - |
| Note | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Chase Bank's APY of 0.01% with other banks
Alternatives to Chase Bank
Banks with Higher/Similar Savings APY
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Minimum Deposit: $5,000
Direct Deposit: To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500.
Santander Bank
Santander Savings: 0.01% APY
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Citibank
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Wealthfront
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