Chime: Savings Accounts & Rates

Savings rates updated: 10/1/2025

Mission statement: Banksparency aims to make Chime's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Chime Savings Account: 1.25% - 3.75% APY(Rank 60 out of 83 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: 0.4% (as of 9/15/2025)

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

(Source: FDIC)

Bank Overview

Deposit Insurance: FDIC

BBB Rating: A-

App Store Rating: 4.8/5

Google Play Rating: 4.7/5

Website: Visit Chime

Our Take on Chime

Highlights

Current APY is 3.75%, competitive for high-yield savings.
No maintenance fees or minimum balance requirements.
High App Store rating of 4.8 and Google Play rating of 4.7.
BBB rating of A- indicates strong trustworthiness.

Considerations

Direct deposit of $200 required to earn the highest APY.
Must open a checking account to access the savings account.
Online-only banking may not suit all customers.
No physical branches for in-person banking needs.

Summary: Chime offers a high-yield savings account with a competitive APY of 3.75%, but requires a direct deposit of $200 and a checking account to qualify. The account has no maintenance fees or minimum balance requirements, making it accessible. With high ratings on both app stores and a solid BBB rating of A-, Chime is a trustworthy option for online banking. However, its online-only model may not appeal to everyone.

Savings Account: In-Depth View

Savings Account Offered by Chime

Feature	Chime Savings Account
APY	1.25% - 3.75% (as of 10/1/2025)
APY Trend	Stable for the last quarter
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%.
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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: $1,465.4 (9.48%)
Total contributions: $13,000 (84.06%)
Initial deposit: $1,000 (6.47%)

Your total balance

$15,465.40

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)	23.6
Rate Changes / Mo	0.12
Days Since Last Change	185
High (-8 m)	3.75 %
Low (-8 m)	2.00 %
Draw-down from High	0.0 %
Volatility (CV)	0.227

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 8 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 (-8 m): Highest APY in the last 245 days.
Low (-8 m): Lowest APY in the last 245 days.
Draw-down from High: How far today sits below the 8-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 - 3.60% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.40% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.05% APY
Betterment - 3.75% APY
BMO Alto - 3.25% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.40% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-3.85% APY
Citibank - 3.40% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.85% APY
Customers Bank - 3.98% APY
Discover Bank - 3.40% APY
Elevault - 4.34% APY
E*TRADE from Morgan Stanley - 3.75% APY
EverBank - 4.05% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.10% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.10% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
MutualOne Bank - 4.07% 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 - 4.20% APY
Peak Bank - 4.20% APY
Pibank - 4.60% APY
PNC - 3.85% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 3.90% APY
Primis Bank - 3.85% APY
Quontic Bank - 3.75% APY
RBMAX - 3.90% APY
Rising Bank - 4.20% APY
ROGER - 3.87% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.01% APY
SmartyPig - 3.90% APY
SoFi Bank - 4.50% APY
Synchrony Bank - 3.80% APY
TAB Bank - 3.80% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.11% APY
TIMBR - 4.40% APY
UFB Direct - 3.90-4.10% APY
Upgrade - 3.42% APY
Valley Direct - 4.10% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Western Alliance Bank - 4.10% APY
Zynlo Bank - 4.35% APY

Feature	Chime	Select a bank...
Product	Chime Savings Account	N/A
APY	1.25% - 3.75% (as of 10/1/2025)	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	Competitor APY	Min Deposit
Chime vs Ally Bank	3.40%	$0
Chime vs American Express	3.50%	$0
Chime vs Axos Bank	4.46%	$0
Chime vs Bank of America	0.01%	$100
Chime vs Barclays	4.10%	$0
Chime vs BrioDirect	4.30%	$5,000
Chime vs Capital One	3.40%	$0
Chime vs Chase Bank	0.01%	$0
Chime vs CIT Bank	3.85%	$100
Chime vs Discover Bank	3.40%	$0
Chime vs Elevault	4.34%	$0
Chime vs EverBank	4.05%	$0
Chime vs Fitness Bank	4.75%	$100
Chime vs FVCbank	4.10%	$500
Chime vs GO2bank	4.50%	$0
Chime vs Marcus by Goldman Sachs	3.65%	$0
Chime vs Neighbors Bank	4.60%	$0
Chime vs Newtek Bank	4.35%	$0
Chime vs Peak Bank	4.20%	$100
Chime vs Pibank	4.60%	$0
Chime vs Presidential Bank	4.50%	$5,000
Chime vs Santander Bank	0.01%	$25
Chime vs SoFi Bank	4.50%	$0
Chime vs Synchrony Bank	3.80%	$0
Chime vs TIMBR	4.40%	$1,000
Chime vs UFB Direct	4.10%	$5000
Chime vs Varo Bank	5.00%	$0
Chime vs Wells Fargo	2.51%	$25
Chime vs Zynlo Bank	4.35%	$10

Alternatives to Chime

Banks with Higher/Similar Savings APY

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

Cash Reserve: 3.75% APY

Minimum Deposit: $10

Online Only

MutualOne Bank

Mo Premium Savings: 4.07% APY

Minimum Deposit: $20,000

Online Savings: 0.40% APY

Minimum Deposit: $5,000

Online Only