Chime vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Chime vs. Wealthfront
Key Metrics at a Glance
| Feature | Chime | Wealthfront |
|---|---|---|
| Top Savings APY | 3.50% Chime Savings Account | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0.01 | $0 |
| 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 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Chime
Strengths
- Chime offers an A+ BBB rating, indicating higher trustworthiness.
- Chime Savings Account has no maintenance fees or minimum deposit.
- Chime's App Store rating is 4.8.
Potential Drawbacks
- Chime's current APY is 3.50%, down from 3.75% last month.
- Chime requires a direct deposit of $200 to qualify for the highest APY.
Wealthfront
Strengths
- Wealthfront offers a higher current APY of 4.15% for new clients.
- Wealthfront has a Google Play rating of 4.9.
Potential Drawbacks
- Wealthfront has an F BBB rating and is not accredited.
- Wealthfront's APY drops to 3.50% after the initial 3-month period.
→ As of November 12, 2025 Chime offers an APY of 3.50% for its Chime Savings Account, with a minimum balance of $0.01, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $65 more than Chime on a $10,000 balance after one year. Chime pays $350, while Wealthfront pays $415 - an APY advantage for Wealthfront.
Calculate Savings Growth for Chime vs Wealthfront
Chime - Chime Savings Account
Total savings breakdown:
- Interest earned: $2,114.1 (10.51%)
- Total contributions: $13,000 (64.63%)
- Initial deposit: $5,000 (24.86%)
Your total balance
$20,114.10
Total balance: $20,114.1
Earnings: $2,114.1
Bank OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Chime's total earnings would be $417.7 lower than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Chime's vs Wealthfront's Savings Accounts
| Chime | Wealthfront | ||
|---|---|---|---|
| Product | Chime Savings Account | vs | Cash Account |
| APY | 1.00% - 3.50% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | Yes | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0.01 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | Yes. You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days | No | |
| 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 3.50% APY, you must have a Chime Checking account and receive a direct deposit of at least $200. Otherwise, the APY is 1.00%. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | |
| App Store Rating | 4.8/5 | 4.8/5 | |
| Google Play Rating | 4.7/5 | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.