Chime vs. Upgrade
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 10, 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
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier 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.
Chime vs. Upgrade Savings Calculator
Chime earns $284.5 more than Upgrade.
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
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Chime vs. Upgrade
Why Chime?
- ✓Higher potential APY (3.50% vs 3.05%) on all balances
Why Upgrade?
- ✓No checking account or direct deposit required
— Key Feature Differences —
Better Returns at $10,000
ChimeChime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $305/yr).
Better Returns at $25,000
ChimeChime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $875 vs $763/yr).
Best for Simplicity
UpgradeUpgrade's Premier Savings offers 3.05% APY with no bundling, direct deposit requirement or caps.
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 $45 more interest on a $10,000 balance than Upgrade's Premier Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
Chime offers a competitive Chime High-Yield Savings Account with an APY of 3.50%, which is higher than Upgrade's Premier Savings at 3.05%. Chime's account requires a qualifying direct deposit of $200 or more within the preceding 34 days and is available online only. In contrast, Upgrade's Premier Savings does not require direct deposit and has no bundling requirements, making it a simpler option for savers. Both accounts have no maintenance fees and allow for daily compounding, but Chime's higher APY makes it the more attractive choice for those who can meet the direct deposit requirement.
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.
Stop Losing Interest
See who beats both Chime and Upgrade.
| Feature | Chime | Upgrade |
|---|---|---|
| APY | 3.50% Range: 1.00% - 3.50% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Chime High-Yield Savings Account | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0.01 | $1,000 |
| 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 Android4.7 | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Chime | Upgrade |
|---|---|---|
| Chime High-Yield Savings Account | Premier Savings | |
Current APY | 3.50% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | 12.1 | -10.6 |
Days Since Change | 55 | 39 |
10-Month High | 3.75% | 4.14% |
10-Month Low | 2.00% | 3.05% |
Adjustments / Mo | 0.19 | 0.29 |
Volatility Score | 0.193 | 0.105 |
How to read these metrics(Click to expand)
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