Chime: Savings Account & Rates
Mission: Banksparency aims to make Chime's savings account transparent and comparable to the market.
Savings Overview
Chime High-Yield Savings Account
| Min. Deposit | $0 |
| Min. Balance | $0.01 |
| Maintenance Fee | $0 |
| * Requires Direct Deposit | |
Market Reality Check
This bank offers rates below the current top tier. The best rates we track are currently above 4.21% APY.
Bank Overview
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured
Our Take on Chime
The Good
- Decent APY of 3.50%
- No minimum deposit or balance requirements
- No monthly maintenance fees
- Top-tier mobile apps (iOS: 4.8, Android: 4.8)
Considerations
- Requires opening a checking account (bundled)
- Advertised rate requires direct deposit setup
- No physical branch access (online only)
Chime offers a High-Yield Savings Account with an attractive APY of 3.50%. This account has no minimum deposit or balance requirements and no monthly maintenance fees. However, it is tiered and requires you to open a checking account as part of the bundle. To qualify for the advertised rate, you must receive a qualifying direct deposit of $200 or more within the preceding 34 days. Please note that Chime operates online only, with no physical branch access.
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Chime
| Feature | Chime High-Yield Savings Account |
|---|---|
APY | 3.50%Range: 1.00% - 3.50%Verified: 1/6/2026 |
APY Trend | Rate Adjusted -0.25% 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
Savings Breakdown
- Interest Earned+$1,363.30(8.9%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,363.30
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 11 Months| Metric | Chime High-Yield Savings Account |
|---|---|
Latest APY | 3.50% |
Trend | Rising |
Slope (bps/mo) | 9.7 |
Rate Changes / Mo | 0.18 |
Days Since Last Change | 82 |
High (-11m) | 3.75% |
Low (-11m) | 2.00% |
Draw-down | -6.7% |
Volatility (CV) | 0.182 |
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 341-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 | 1.00% - 3.50%Verified: 1/6/2026 | - |
APY Trend | Rate Adjusted -0.25% 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 3.50% with other banks
Alternatives to Chime
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