Chime: Savings Account & Rates
Mission: Banksparency aims to make Chime's savings account transparent and comparable to the market.
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 99+ 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
Key Differentiators
- Stands out with top-rated iOS app (4.8), highly-rated Android app (4.8), A+ BBB rating.
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 4.15% APY.
Bank Overview
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured
Top Market Contenders
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: 2/19/2026 |
APY Trend | Rate Adjusted -0.50% Since 30 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+$1,161.10(7.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,161.10
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 | Sideways |
Slope (bps/mo) | 3.8 |
Rate Changes / Mo | 0.25 |
Days Since Last Change | 20 |
High (-12m) | 3.75% |
Low (-12m) | 2.00% |
Draw-down | -20.0% |
Volatility (CV) | 0.148 |
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: 2/19/2026 | - |
APY Trend | Rate Adjusted -0.50% Since 30 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
Alternatives to Chime
Banks with Higher/Similar Savings APY
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