Chime

Last Updated: 7/3/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Chime Savings Account: 1.25% - 3.75% APY(Rank 61 out of 76 tracked HYSAs)

Minimum Deposit: $0 | Bundled Savings & Checking Account | Online Only | Direct Deposit: You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days

National Savings Interest Rate: 0.38% (as of 6/16/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

BBB Rating: B-

App Store Rating: 4.8/5

Google Play Rating: 4.7/5

Website: Visit Chime

Our Take on Chime

Highlights

Current APY of 3.75%, unchanged from 30 days ago.
No maintenance fees or minimum balance requirements.
High App Store rating of 4.8.
No minimum deposit required to open an account.

Considerations

B- BBB rating may raise trust concerns.
Requires a qualifying direct deposit of $200 or more.
APY drops to 1.25% without direct deposit.
Online-only bank may lack personal service.

Summary: Chime offers a competitive APY of 3.75% for its savings account, which remains stable over the past month. The account has no maintenance fees or minimum balance requirements, making it accessible. However, the B- BBB rating could be a concern for some users. A direct deposit of $200 is necessary to qualify for the higher APY, which may limit accessibility for some savers. Additionally, Chime operates as an online-only bank.

Savings Account

Savings Account Offered by Chime

Feature	Chime Savings Account
APY	1.25% - 3.75% (as of 7/3/2025)
APY Trend	Stable for the last month
Minimum Deposit	$0
Minimum Balance for APY	$0.01
FDIC-insured	Yes
Online Only	Yes
Bundled Account	Yes
Direct Deposit Required	Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
Compound Frequency	Daily
Maintenance Fee	$0
Eligibility	United States
Note	Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%.
No deposit agreement summary available for this bank.

Calculate Savings for Chime

All calculations are based on APY.

Savings Product:

Chime Savings Account (APY: 1.25% ⎼ 3.75%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $4 (3.85%)
Total contributions: $0 (0.00%)
Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 3.75% (based on your deposit and contributions)

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

Chime Savings Rates Over Time

Historical APY Insights

Metric	Chime Savings Account
Latest APY	3.75 %
Trend	Rising
Slope (bps/mo)	47.5
Rate Changes / Mo	0.19
Days Since Last Change	94
High (-5 m)	3.75 %
Low (-5 m)	2.00 %
Draw-down from High	0.0 %
Volatility (CV)	0.276

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 5 months (regression slope).
Slope (bps/mo): Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo: Typical number of APY moves per month.
Days Since Last Change: Recency of the latest APY adjustment.
High (-5 m): Highest APY in the last 154 days.
Low (-5 m): Lowest APY in the last 154 days.
Draw-down from High: How far today sits below the 5-month peak.
Volatility (CV): Coefficient of variation = stdev ÷ mean.

Why Track Savings-Account APYs?

See how quickly a bank reacts to Fed moves or competition.
Gauge “twitchiness” - frequent moves can annoy savers.
Spot if you're buying near a peak (draw-down) or riding a rise.
Slope (bps/mo) shows speed of change.
Volatility (CV) scales jumps by average level.

Compare Chime's Savings Account

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.60% APY
Axos Bank - 4.66% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
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Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
CIBC Bank USA - 4.11% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.60% APY
Citizens Access™ - 3.70% APY
Colorado Federal Savings Bank - 4.25% APY
ConnectOne Bank - 4.00% APY
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Discover Bank - 3.50% APY
E*TRADE from Morgan Stanley - 4.00% APY
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Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 5.00% APY
Flagstar Bank - 4.00% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.40-4.40% APY
Live Oak Bank - 4.10% APY
Marcus by Goldman Sachs - 3.65% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.30% APY
Peak Bank - 4.44% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.05% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.35% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 1.90% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Western Alliance Bank - 4.25% APY
Zynlo Bank - 4.35% APY

Feature	Chime	Select a bank...
Product	Chime Savings Account	N/A
APY	1.25% - 3.75% (as of 7/3/2025)	N/A
Bundled Account	Yes	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Daily	N/A
Minimum Deposit	$0	N/A
Minimum Balance for APY	$0.01	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days	N/A
Note	Chime® is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. To open a savings account you must first open a checking account. To qualify for Chime+ with the 3.75% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.25%.	N/A

Bank-to-Bank Comparisons

Compare Chime's APY of 3.75% with other banks

Bank Pair	Best APY	Min Deposit
Chime vs Ally Bank	3.50%	$0
Chime vs American Express	3.60%	$0
Chime vs Axos Bank	4.66%	$0
Chime vs Bank of America	0.01%	$100
Chime vs Barclays	4.10%	$0
Chime vs Capital One	3.50%	$0
Chime vs Chase Bank	0.01%	$0
Chime vs CIT Bank	4.00%	$100
Chime vs Discover Bank	3.50%	$0
Chime vs Fitness Bank	5.00%	$100
Chime vs Marcus by Goldman Sachs	3.65%	$0
Chime vs SoFi Bank	3.80%	$0
Chime vs Synchrony Bank	3.80%	$0
Chime vs Varo Bank	5.00%	$0

Alternatives to Chime

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

Bank5 Connect

Jumbo Savings: 4.05% APY

Minimum Deposit: $25,000

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Connect Savings: 1.50% APY

Minimum Deposit: $10

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Barclays

Tiered Savings: 4.10% APY

Minimum Deposit: $0

Online Only