Chime vs. FVCbank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | ChimeChime High-Yield Savings Account Jan 21, 2026 | FVCbankAdvantage Direct Savings Jan 21, 2026 |
|---|---|---|
| APY | 1.00% - 3.50% | 3.85% |
Est. Earnings | $5,000+$175 $10,000+$350 $25,000+$875 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDirect Deposit ReqChecking Bundle | FDIC InsuredLow MinimumsGreat iOS AppZelle® Supported |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.
As of Chime offers an APY of 3.50% for its Chime High-Yield Savings Account, with a minimum balance of $0.01, compared to FVCbank's 3.85% APY for its Advantage Direct Savings account, with a minimum balance of $500.
FVCbank pays $35 more than Chime on a $10,000 balance after one year. Chime pays $350, while FVCbank pays $385 - an APY advantage for FVCbank.
Why Chime?
- ✓Higher rated iOS app (4.8 vs 4.4)
- ✓Higher rated Android app (4.8 vs 3.6)
Why FVCbank?
- ✓Higher potential APY (3.85% vs 3.50%) on all balances
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
FVCbankFVCbank's Advantage Direct Savings earns more on smaller deposits (approx. $385 vs $350/yr).
Better Returns at $25,000
FVCbankFVCbank's Advantage Direct Savings pulls ahead with larger amounts (approx. $963 vs $875/yr).
Best for Simplicity
FVCbankFVCbank's Advantage Direct Savings offers 3.85% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
ChimeChime offers an iOS app rated 4.8 (vs. 4.4) and Android app rated 4.8 (vs. 3.6)
Shared Benefits
Over a 1-year period, FVCbank's Advantage Direct Savings pays $35 more interest on a $10,000 balance than Chime's Chime High-Yield Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
FVCbank offers a competitive Advantage Direct Savings account with a higher APY of 3.85%, making it the winner in this comparison. This account does not require a direct deposit and has a minimum deposit of $500, providing better returns as account balances increase. In contrast, Chime's High-Yield Savings Account offers a lower APY of 3.50% and requires a qualifying direct deposit of $200 within the past 34 days, though it has no minimum balance or maintenance fees. Both banks operate online only, making them accessible without physical branches.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
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Top Market Contenders
Chime vs. FVCbank Savings Calculator
You earn $35 more with FVCbank than Chime on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$350.00(3.4%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,350.00
FVCbank
Advantage Direct Savings
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Chime | FVCbank |
|---|---|---|
| APY | 3.50% Range: 1.00% - 3.50% Verified: 1/21/2026 Stable (90d) | 3.85% Verified: 1/21/2026 ↘︎ 0.25%90d Change |
| Product Name | Chime High-Yield Savings Account | Advantage Direct Savings |
| Minimum Deposit | $0 | $500 |
| Min. Balance for APY | $0.01 | $500 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | None |
| Checking Bundle | Yes | No |
| Mobile Apps | iOS4.8 Android4.8 | iOS4.4 Android3.6 |
| Zelle® Support | Not Supported | Available Integrated into mobile app. |
| BBB Rating | A+ | B- |
| Next Steps | Visit SiteVerify at Chime Non-sponsored link to official site | Visit SiteVerify at FVCbank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | FVCbank |
|---|---|---|
| Chime High-Yield Savings Account | Advantage Direct Savings | |
Current APY | 3.50% | 3.85% |
Trend | Stable | Stable |
Velocity (bps/mo) | -0.3 | -8.4 |
Days Since Change | 97 | 81 |
10-Month High | 3.75% | 4.55% |
10-Month Low | 2.00% | 3.85% |
Adjustments / Mo | 0.19 | 0.78 |
Volatility Score | 0.085 | 0.064 |
How to read these metrics(Click to expand)
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