Chase Bank vs. Wealthfront
Chase Bank's Chase Savings℠ advertises 0.01% APY.
Wealthfront's Cash Account advertises up to 4.20% APY. That 4.20% is a promotional rate for three months. The account advertises 3.55% after it ends. APY Boost Promotion: eligible new clients (never held a Wealthfront account) receive a one-time 0.65% APY increase over the standard APY for three months, on up to $150,000 aggregate balance. Time-limited; reverts to base APY after three months. On a $10,000 balance the account earns 3.71% overall, about $371 in a year.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
On a $10,000 balance, Wealthfront's Cash Account earns about $370 more in a year than Chase Bank's Chase Savings℠: $371 against $1.
Choose Chase Bank if you want a no-strings-attached account, you want to avoid a promo rate with a scheduled drop, BBB rating matters to you, or you want Zelle for quick transfers. Choose Wealthfront if getting the best rate matters most.
Important Considerations
Wealthfront's 4.20% APY is a promotional rate for three months, then 3.55%. Chase Bank's 0.01% APY has no scheduled end, though every rate can change.
| Metric | Chase BankChase Savings℠ Oct 5, 2026 | WealthfrontCash Account Oct 5, 2026 |
|---|---|---|
| APY | 0.01% | Up to4.20%Promotional rate |
Earns in a year | $5,000+$1 $10,000+$1 $25,000+$3 | $5,000+$186 $10,000+$371 $25,000+$928 |
Min. Deposit | $0 | $0 |
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. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get the stated APY for 3 months, after which a lower APY applies. See terms at Wealthfront. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppDaily Compounding |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.36% APY.
Comparison Analysis
Comparing Chase Bank vs. Wealthfront
Executive Summary
Wealthfront offers 4.2% for 90 days and then 3.55%, a 12-month blend of 3.71% at today's rates, while Chase Bank offers 0.01%. Wealthfront's standard rate is 3.55%, applicable at all balances starting from $1,000. Wealthfront has led since at least January 23, 2026, with a gap of 354 basis points over Chase Bank. Wealthfront's last change was on September 18, 2026, when it raised its rate by 25 basis points. Both banks have not changed their rates since at least their respective series start dates.
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?
- Offers 4 different high-yield savings options
- Fast transfers via Zelle® (up to $2,000 a day)
Why Wealthfront?
- Higher potential APY (4.20% vs 0.01%) on all balances (promotional rate)
- No checking account or direct deposit required
Key Feature Differences
Better Returns at $10,000
WealthfrontWealthfront's Cash Account earns more on smaller deposits (approx. $371 vs $1/yr).
Better Returns at $25,000
WealthfrontWealthfront's Cash Account pulls ahead with larger amounts (approx. $928 vs $3/yr).
Better for Simplicity
WealthfrontWealthfront's Cash Account offers 4.20% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period (factoring in a 3-month promo), Wealthfront's Cash Account pays $370 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*Wealthfront's calculation includes their 3-month introductory promotional rate and subsequent standard rate.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Chase Bank vs. Wealthfront Savings Calculator
You earn $371.5 more with Wealthfront than Chase Bank 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.
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
Wealthfront
Cash Account
Savings Breakdown
- Interest Earned+$372.50(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,372.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Chase Bank | Wealthfront |
|---|---|---|
| APY | 0.01% Observed: 10/5/2026 Stable over 90 days | 4.20% Range: 3.55% - 4.20% Observed: 10/5/2026 0.30%90-day change |
| Product Name | Chase Savings℠ | Cash Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $5 | $0 |
| Compound Frequency | Monthly | Daily |
| Branches | Yes | None |
| Physical Branches | 5,401 (AL, AR, AZ, CA, CO, CT, DC, DE (+41 more)) | Not reported |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | Yes |
| Zelle® Support | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. | Not Supported |
| BBB Rating | A- | F |
| 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. | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get the stated APY for 3 months, after which a lower APY applies. See terms at Wealthfront. |
| Next Steps | Visit SiteVerify at Chase Bank Non-sponsored link to official site | Visit SiteVerify at Wealthfront Non-sponsored link to official site |
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Chase Bank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, JPMorgan Chase Bank paid a higher average rate on savings and money market deposits than 27% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
Wealthfront
Wealthfront is not a bank and files no call report. Its deposits are held at partner banks.
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
CD rates, term by term
Wealthfront has no CD listed on Banksparency. Chase Bank lists 25 CD terms, from 1 to 120 months. Its highest rate is 4.00% APY on the 7-month CD. Each row below is one term, with the FDIC national average for that term beside it.
| Term | Chase Bank APY | FDIC average (Sep 2026) |
|---|---|---|
| 12 months | 0.50% APY$1,000 minimum | 1.73% |
| 1 month | 0.02% APY$1,000 minimum | 0.23% |
| 2 months | 0.50% APY$1,000 minimum | 0.23%1-month average |
| 3 months | 0.50% APY$1,000 minimum | 1.13% |
| 4 months | 1.75% APY$1,000 minimum | 1.13%3-month average |
| 5 months | 0.50% APY$1,000 minimum | 1.41%6-month average |
| 6 months | 0.50% APY$1,000 minimum | 1.41% |
| 7 months | 4.00% APY$1,000 minimum | 1.41%6-month average |
| 8 months | 0.50% APY$1,000 minimum | |
| 9 months | 0.50% APY$1,000 minimum | |
| 10 months | 1.50% APY$1,000 minimum | |
| 11 months | 3.50% APY$1,000 minimum | 1.73%12-month average |
| 13 months | 0.50% APY$1,000 minimum | 1.73%12-month average |
| 14 months | 0.50% APY$1,000 minimum | |
| 15 months | 2.00% APY$1,000 minimum | |
| 18 months | 2.00% APY$1,000 minimum | |
| 21 months | 2.00% APY$1,000 minimum | |
| 24 months | 2.00% APY$1,000 minimum | 1.61% |
| 30 months | 2.00% APY$1,000 minimum | |
| 36 months | 2.00% APY$1,000 minimum | 1.36% |
| 42 months | 2.00% APY$1,000 minimum | |
| 48 months | 2.00% APY$1,000 minimum | 1.28% |
| 60 months | 2.00% APY$1,000 minimum | 1.38% |
| 84 months | 2.00% APY$1,000 minimum | |
| 120 months | 2.00% APY$1,000 minimum |
Wealthfront: no CD listed on Banksparency.
Compare Savings Rates Over Time
Historical Performance
| Metric | Chase Bank | Wealthfront |
|---|---|---|
| Chase Business Premier Savings | Cash Account | |
Current APY | 0.01% | 4.20% |
Trend | Stable | Stable |
Speed of change | -0.00 | 0.00 |
Days Since Change | 50 | 0 |
8-Month High | 0.02% | 4.20% |
8-Month Low | 0.01% | 3.55% |
Changes per month | 0.12 | 0.71 |
Steadiness | 0.346 | 0.072 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 255-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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More Comparisons
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chase Bank vs Ally Bank | 3.10% | $0 |
| Chase Bank vs American Express | 3.10% | $0 |
| Chase Bank vs Axos Bank | 4.21% | $0 |
| Chase Bank vs Barclays | 3.65% | $0 |
| Chase Bank vs Capital One | 3.10% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 3.75% | $100 |
| Chase Bank vs EverBank | 4.20% | $0 |
| Chase Bank vs Marcus by Goldman Sachs | 3.50% | $0 |
| Chase Bank vs Newtek Bank | 4.20% | $100 |
| Chase Bank vs Openbank | 4.15% | $500 |
| Chase Bank vs Pibank | 4.25% | $0 |
| Chase Bank vs SoFi Bank | 4.20% | $0 |
| Chase Bank vs Synchrony Bank | 3.55% | $0 |
| Chase Bank vs Varo Bank | 3.75% | $0 |