Chime vs. Santander Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
Chime
Chime High-Yield Savings Account
Up to3.50%APYDec 6, 2025FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android AppRange: 1.00% – 3.50%Show Fine Print & Trends Hide Details
Chime
Chime High-Yield Savings Account
Santander Bank
Santander Savings
0.01%APYDec 6, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Santander Bank
Santander Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
Comparison Analysis
Comparing Chime vs. Santander Bank
Why Chime?
- ✓Higher potential APY (3.50% vs 0.01%) on all balances
- ✓Higher rated Android app (4.7 vs 4.0)
Why Santander Bank?
- ✓No checking account or direct deposit required
- ✓Physical branch access (Primarily in the Northeast and Miami, Florida)
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $1/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $875 vs $3/yr).
Best for All-in-One Banking
ChimeChime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.
Shared Benefits
Over a 1-year period, Chime's Chime High-Yield Savings Account pays $349 more interest on a $10,000 balance than Santander Bank's Santander Savings.
Executive Summary
Chime offers a competitive Chime High-Yield Savings Account with an APY of 3.50%, significantly outperforming Santander Bank's Savings account, which has an APY of only 0.01%. Chime's account requires a qualifying direct deposit of $200 or more within the preceding 34 days, while Santander does not have such a requirement. Additionally, Chime's account is online-only and has no maintenance fees, making it a strong choice for savers. In contrast, Santander's account charges a $1 maintenance fee and requires a minimum deposit of $25. Overall, Chime's high yield and favorable terms position it as the better option.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
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See who beats both Chime and Santander Bank.
| Feature | Chime | Santander Bank |
|---|---|---|
| APY | 3.50% Range: 1.00% - 3.50% Verified: 12/6/2025 ↘︎ 0.25%90d Change | 0.01% Verified: 12/6/2025 ↘︎ 0.02%90d Change |
| Product Name | Chime High-Yield Savings Account | Santander Savings |
| Minimum Deposit | $0 | $25 |
| Min. Balance for APY | $0.01 | $0 |
| Monthly Fee | $0 | $1 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| 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 Android4.7 | iOS4.8 Android4.0 |
| BBB Rating | A+ | Not Rated |
| Next Steps |
Savings Comparison
Chime earns $2,108.4 more than Santander Bank.
Chime
Chime High-Yield Savings Account
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
Santander Bank
Santander Savings
Savings Breakdown
- Interest Earned+$5.70(0.0%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$18,005.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | Santander Bank |
|---|---|---|
| Chime High-Yield Savings Account | Santander Savings | |
Current APY | 3.50% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | 12.3 | -0.2 |
Days Since Change | 51 | 78 |
10-Month High | 3.75% | 0.03% |
10-Month Low | 2.00% | 0.01% |
Adjustments / Mo | 0.19 | 0.10 |
Volatility Score | 0.193 | 0.381 |
How to read these metrics(Click to expand)
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