Chime: Savings Account & Rates

By Aviel Fahl

Updated: 4/6/2026

Mission: Banksparency aims to make Chime's savings account transparent and comparable to the market.

Interest rates reported as APY

Analysis of Chime

Our verdict

Chime offers a high-yield savings account paying 3.00% APY with no minimum deposit.

At 3.00% APY, Chime pays 8x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.

Ideal User Profile

Best for: keeping checking and savings at one bank, banking without needing a branch, and pairing a direct deposit with a higher yield.

Important Considerations

To earn the Chime High-Yield Savings Account top rate, you'll need a linked checking account with Chime.

This rate requires You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days. Make sure your paycheck or other recurring deposits qualify.

Key Differentiators

Stands out with top-rated iOS app (4.8), highly-rated Android app (4.7), A+ BBB rating.

Savings Overview

Chime High-Yield Savings Account

3.00% APY

Tiered Range: 0.75% - 3.00%

Rate Adjusted

-0.50%

Since 90 days ago

No Minimums Checking Bundle Direct Deposit Req. Online Only

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
* Requires Direct Deposit

Rank #80 of 98 tracked.

Market Reality Check

This bank offers rates below the current top tier. The best rates we track are currently above 4.15% APY.

See Top Rates

National Avg: 0.39% (FDIC, 3/1/2026).
Banksparency tracks live rates daily.

Bank Overview

Ratings & Trust
4.8iOS 4.7Android A+BBB BBB Accredited
Zelle® SupportNo Support
Standard ACH or Wire transfers only.
Deposit InsuranceFDIC Insured

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.6

The 4.21% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Apr 6, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.7

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Apr 6, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.8

Top Market Contenders

Barclays

3.85% APY

vs. Chime

Marcus by Goldman Sachs

3.65% APY

vs. Chime

EverBank

3.90% APY

vs. Chime

Popular Peer Comparisons

American Express vs Marcus by Goldman Sachs American Express vs Capital One Barclays vs Capital One Bank of America vs Capital One EverBank vs Marcus by Goldman Sachs Marcus by Goldman Sachs vs Synchrony Bank

Savings Account: In-Depth View

Savings Account Offered by Chime

Feature	Chime High-Yield Savings Account
APY	3.00%Range: 0.75% - 3.00%Verified: 4/6/2026
APY Trend	Rate Adjusted -0.50% Since 90 days ago
Min. Deposit	$0
Min. Balance	$0.01
Monthly Fee	$0
Direct Deposit	RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
Checking Bundle	Yes
Branch Access	None
Compounding	Daily
FDIC Insured	Yes
Eligibility	United States
Next Steps	-

Calculate Savings for Chime

All calculations are based on APY.

Selected Product

Chime High-Yield Savings Account0.75% - 3.00% APY

Initial Deposit

Recurring Deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,161.10(7.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,161.10

Effective APY

3.00%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Chime Savings Rates Over Time

Historical APY Insights

Last 12 Months

Metric	Chime High-Yield Savings Account
Latest APY	3.00%
Trend	Falling
Slope (bps/mo)	-6.8
Rate Changes / Mo	0.16
Days Since Last Change	66
High (-12m)	3.75%
Low (-12m)	3.00%
Draw-down	-20.0%
Volatility (CV)	0.079

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 Chime

Feature	Current View Chime	Empty Slot
Product	Chime High-Yield Savings Account	-
APY	0.75% - 3.00%Verified: 4/6/2026	-
APY Trend	Rate Adjusted -0.50% Since 90 days ago	-
Min. Deposit	$0	-
Monthly Fee	$0	-
Direct Deposit	RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days	-
Checking Bundle	Yes	-
Branch Access	None	-
Eligibility	United States	-
Compounding	Daily	-
FDIC Insured	Yes	-
Next Steps	-	-

Bank-to-Bank Comparisons

Compare Chime's APY of 3.00% with other banks

Bank Pair	Competitor APY	Min Deposit
Chime vs Affirm	3.20%	$0
Chime vs Ally Bank	3.20%	$0
Chime vs American Express	3.20%	$0
Chime vs Axos Bank	4.21%	$0
Chime vs Bank of America	0.01%	$100
Chime vs Barclays	3.85%	$0
Chime vs Bask Bank	0.25%	$0
Chime vs Betterment	3.90%	$10
Chime vs BMO Alto	3.15%	$0
Chime vs Bread Savings	4.00%	$100
Chime vs BrioDirect	3.75%	$5,000
Chime vs Capital One	3.20%	$0
Chime vs Charles Schwab Bank	0.15%	$0
Chime vs Chase Bank	0.01%	$0
Chime vs CIT Bank	3.75%	$100
Chime vs Citibank	3.15%	$0
Chime vs Citizens Access™	3.15%	$0.01
Chime vs Climate First Bank	4.01%	$50
Chime vs Discover Bank	3.30%	$0
Chime vs E*TRADE from Morgan Stanley	3.35%	$0
Chime vs Elevault	3.82%	$0
Chime vs EverBank	3.90%	$0
Chime vs Fitness Bank	4.50%	$100
Chime vs FNBO Direct	3.00%	$1
Chime vs Forbright Bank	3.85%	$0
Chime vs GO2bank	4.50%	$0
Chime vs Ivy Bank	3.85%	$2,500
Chime vs LendingClub	4.00%	$0
Chime vs Marcus by Goldman Sachs	3.65%	$0
Chime vs Neighbors Bank	4.20%	$0
Chime vs Newtek Bank	4.20%	$0.01
Chime vs Openbank	4.00%	$500
Chime vs Peak Bank	3.82%	$100
Chime vs Pibank	4.60%	$0
Chime vs PNC	3.25%	$0
Chime vs Santander Bank	0.01%	$25
Chime vs SoFi Bank	4.00%	$0
Chime vs Synchrony Bank	3.50%	$0
Chime vs TD Bank	2.00%	$0
Chime vs UFB Direct	3.46%	$5000
Chime vs Upgrade	3.05%	$0
Chime vs Varo Bank	5.00%	$0
Chime vs Wealthfront	4.20%	$0
Chime vs Wells Fargo	0.05%	$25