Chase Bank vs. Santander Bank
Chase Bank and Santander Bank both offer 0.01% APY on their savings accounts. With identical rates, your choice comes down to other factors like mobile app quality, branch access, or customer service reputation.
The Bottom Line
The Chase Bank and Santander Bank savings accounts are very similar. Choose Chase Bank if you're an Android user.
| Metric | Chase BankChase Savings℠ Mar 7, 2026 | Santander BankSantander Savings Jan 29, 2026 |
|---|---|---|
| APY | 0.01% | 0.01% |
Est. Earnings | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $25 |
Snapshot view. Rates subject to change. | ||
Terms | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | - |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Comparison Analysis
Comparing Chase Bank vs. Santander Bank
Executive Summary
Both Chase Bank and Santander Bank offer savings accounts with a competitive APY of 0.01%. Chase's product, the Chase Savings℠, has a maintenance fee of $5, which can be waived under certain conditions, while Santander's Savings account has a lower maintenance fee of $1. Both accounts do not require direct deposit and have no minimum balance requirements, though Santander requires a minimum deposit of $25 to open the account. The compounding frequency is monthly for Chase and daily for Santander, which may appeal to different savers. Overall, the APYs are comparable, making either option viable depending on individual preferences regarding fees and account features.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Chase Bank?
- ✓No checking account or direct deposit required
- ✓Higher rated Android app (4.7 vs 4.0)
Why Santander Bank?
No distinct advantages found vs Chase Bank.
Shared Benefits
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chase Bank vs. Santander Bank Savings Calculator
Both accounts earn exactly the same amount.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Chase Bank | Santander Bank |
|---|---|---|
| APY | 0.01% Verified: 3/7/2026 Stable (90d) | 0.01% Verified: 1/29/2026 Stable (90d) |
| Product Name | Chase Savings℠ | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 | $1 |
| Compound Frequency | Monthly | Daily |
| Branch Access | Yes | Yes |
| Account Type | Online & Branches | Online & Branches |
| Physical Branches | Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii. | Primarily in the Northeast and Miami, Florida |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. | Available Branch-based retail accounts only. |
| BBB Rating | A- | Not Rated |
| Important Notes | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. | - |
| Next Steps | Visit SiteVerify at Chase Bank Non-sponsored link to official site | Visit SiteVerify at Santander Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chase Bank | Santander Bank |
|---|---|---|
| Chase Savings℠ | Santander Savings | |
Current APY | 0.01% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -0.2 |
Days Since Change | 365 | 132 |
12-Month High | 0.01% | 0.03% |
12-Month Low | 0.01% | 0.01% |
Adjustments / Mo | 0.00 | 0.08 |
Volatility Score | 0.000 | 0.462 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Chase Bank's APY of 0.01% with other banks
Compare Santander Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Santander Bank vs Ally Bank | 3.20% | $0 |
| Santander Bank vs American Express | 3.30% | $0 |
| Santander Bank vs Axos Bank | 4.21% | $0 |
| Santander Bank vs Bank of America | 0.01% | $100 |
| Santander Bank vs Barclays | 3.85% | $0 |
| Santander Bank vs Capital One | 3.30% | $0 |
| Santander Bank vs Chime | 3.00% | $0 |
| Santander Bank vs CIT Bank | 3.75% | $100 |
| Santander Bank vs Citibank | 3.20% | $0 |
| Santander Bank vs Discover Bank | 3.30% | $0 |
| Santander Bank vs EverBank | 3.90% | $0 |
| Santander Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Santander Bank vs Newtek Bank | 4.20% | $0.01 |
| Santander Bank vs Openbank | 4.09% | $500 |
| Santander Bank vs Pibank | 4.60% | $0 |
| Santander Bank vs SoFi Bank | 4.00% | $0 |
| Santander Bank vs Synchrony Bank | 3.50% | $0 |
| Santander Bank vs Varo Bank | 5.00% | $0 |
| Santander Bank vs Wealthfront | 4.20% | $0 |
| Santander Bank vs Wells Fargo | 0.05% | $25 |