Chase Bank CD Rates (September 2024) (original) (raw)
Chase offers a variety of CD term options ranging from one month to 10 years, giving the highest yields to customers with linked checking accounts and its featured-term CDs. The relationship rates in the table below are for CDs in the 1,000to1,000 to 1,000to9,999 tier. Chase may offer higher APYs for some CD terms with balances of $100,000 or more.
Featured CDs
| Provider | CD Term | APY | Minimum Deposit | Visit Site |
|---|---|---|---|---|
Highest Rated  4.4 Next |
12 Month | 4.10% | $2,500 | Next |
| Highest Rated 4.4 Next |
9 Month | 4% | $2,500 | Next |
 4.3 Next |
12 Month | 3.75% | None | Next |
 3.8 Next |
12 Month | 4.90% | $1,500 | Next |
 4.0 Next |
12 Month | 4.60% | $1,000 | Next |
 3.9 Next |
13 Month | 3.50% | $1,000 | Next |
| Provider | CD Term | APY | Minimum Deposit | Visit Site |
|---|---|---|---|---|
| Highest Rated 4.4 Next |
12 Month | 4.10% | $2,500 | Next |
| Highest Rated 4.4 Next |
9 Month | 4% | $2,500 | Next |
| 4.3 Next |
12 Month | 3.75% | None | Next |
| 3.8 Next |
12 Month | 4.90% | $1,500 | Next |
| 4.0 Next |
12 Month | 4.60% | $1,000 | Next |
| 3.9 Next |
13 Month | 3.50% | $1,000 | Next |
Chase CD Rates
There are two types of Chase CD rates available depending on whether you have a checking account with the bank:
- Standard rate: If you don’t have a Chase personal checking account, the bank offers a standard APY for every CD term and deposit amount.
- Relationship rate: If you have a linked Chase personal checking account, you’ll qualify for higher relationship interest rates.
| Chase CD | Standard APY* | Relationship APY* |
|---|---|---|
| 1 month | 0.01% | 0.02% |
| 3 months | 0.01% | 2.00% |
| 12 months | 0.01% | 2.00% |
| 15 months | 0.01% | 2.50% |
| 18 months | 0.01% | 2.50% |
| 21 months | 0.01% | 2.50% |
| 24 months | 0.01% | 2.50% |
| 30 months | 0.01% | 2.50% |
| 36 months | 0.01% | 2.50% |
| 42 months | 0.01% | 2.50% |
| 4 years | 0.01% | 2.50% |
| 5 years | 0.01% | 2.50% |
| 7 years | 0.01% | 2.50% |
| 10 years | 0.01% | 2.50% |
*APY accurate as of September 4, 2024. Rates may vary by location. Rates above are for New York.
Chase Featured CDs
These CDs have promotional rates, so the available term options might change periodically. For Chase customers who qualify for relationship rates, featured CDs generally provide the best combination of flexibility and higher rates.
| Chase Featured-Term CD | Standard APY* | Relationship APY* |
|---|---|---|
| 2 months | 0.01% | 3.25% on balances below 99,999and3.2599,999 and 3.25% on 99,999and3.25100,000+ |
| 3 months | 0.01% | 4.25% on all balances |
| 9 months | 0.01% | 3.50% on balances below 99,999and4.0099,999 and 4.00% on 99,999and4.00100,000+ |
*APY accurate as of September 4, 2024. Rates may vary by location. Rates above are for New York.
Chase CD Ladders
A Chase CD ladder packages four CDs together, each with the same deposit amount but different maturity dates. You must have a linked Chase Private Client Checking account to open this type of CD. Chase offers two options:
| Chase CD Ladder | Standard APY* | Relationship APY* |
|---|---|---|
| 4-month CD with 1-, 2-, 3- and 4-month terms | 0.01% | 0.02% on all balances |
| 12-month CD with 3-, 6-, 9- and 12-month terms | 0.01% | For 3-month terms, 0.02% on all balancesFor 6-, 9- and 12-month terms, 0.02% on balances of 1,000to1,000 to 1,000to9,999 and 0.05% on balances of $10,000+ |
*APY accurate as of September 4, 2024. Rates may vary by location. Rates above are for New York.
Chase CD Rates vs. Other Top Banks
Compared to other top banks, Chase falls in the middle of the pack for its APYs and $1,000 minimum deposit requirement. While other financial institutions have higher minimum deposits, many don’t have a minimum at all.
Here’s a look at how Chase CD rates compare to some of the best CD rates from other major financial institutions.
| CD Term Length | Chase CD APY | Bank of America APY | Capital One APY | Discover APY |
|---|---|---|---|---|
| 3-month CD | 0.01% (standard rate) or 2% (relationship rate) | 4.00% (flexible CD) | 0.00% | 2.00% |
| 6-month CD | 0.01% (standard rate) or 2% (relationship rate) | 0.03% | 4.20% | 3.90% |
| 1-year CD | 0.01% (standard rate) or 2% (relationship rate) | 0.03% | 4.20% | 4.10% |
| 2-year CD | 0.01% (standard rate) or 2% (relationship rate) | 0.03% | 3.70% | 3.60% |
| 3-year CD | 0.01% (standard rate) or 2% (relationship rate) | 0.03% | 3.60% | 3.50% |
| 5-year CD | 0.01% (standard rate) or 2% (relationship rate) | 0.03% | 3.50% | 3.40% |
*APY accurate as of September 26, 2024. Rates may vary by location. Bank of America rates are for Charlotte, N.C., and Chase and Citibank rates are for New York.
>> Related: Learn more about the best cd rates
What Stands Out About Chase
As the largest bank in the U.S., Chase offers a vast network of branches and a wide range of banking products. While Chase’s CD rates aren’t the highest on the market, the bank offers some perks to current customers who can earn better rates when they link their checking and CD accounts. Chase CDs have a minimum deposit of $1,000 and a daily compounding schedule.
High-net-worth clients who qualify for relationship rates and have at least $100,000 to invest might also find value in Chase’s CDs since they’ll earn the bank’s highest rates.
Is Now the Right Time for a Chase CD?
The Federal Reserve recently announced it may cut interest rates at least once before the end of 2024. That, coupled with the fact that CD rates are the highest they’ve been over the last 10 years, makes it an opportune time to lock in those earnings.
Here’s what we’re seeing:
- Chase’s six-month CD earns 0.01% APY, which is steady from last month.
- Chase’s one-year CD earns 0.01% APY, which is steady from last month.
“It’s very likely that interest rates will hold this summer before dropping in the fall,” said Ben McLaughlin, US President at Raisin. “Now may be a great time to lock in a higher rate before they ultimately start cooling later in the year”
How Much Can I Earn With a Chase CD?
Chase requires a $1,000 minimum deposit to open a CD, and they earn fixed annual percentage yields (APYs) based on the current market. Interest on these CDs compounds daily, and the highest rates are available to customers who link their Chase checking accounts.
This chart shows how much you can earn with a $10,000 CD for the various terms at the current rate.
| Chase CD | Standard APY* | Total Value of a $10,000 CD at Term End |
|---|---|---|
| 3 months | 0.01% | $10,000.25 |
| 12 months | 0.01% | $10,000.50 |
| 18 months | 0.01% | $10,001.00 |
| 24 months | 0.01% | $10,002.00 |
| 36 months | 0.01% | $10,003.00 |
| 5 years | 0.01% | $10,005.00 |
Chase CDs: Additional Information
Chase Bank CD rates depend on the term, the deposit amount and whether you’re a Chase checking customer. Before choosing a Chase CD, consider these factors:
Minimum Deposit Requirements
Chase’s minimum opening deposit is relatively low at $1,000.
Balance Tiers
Chase has three main balance tiers:
- 1,000to1,000 to 1,000to9,999
- 10,000to10,000 to 10,000to99,999
- $100,000 or more
Chase’s standard rates are the same across all balance tiers. Relationship rates are relatively similar across all balance tiers, but depositing at least $100,000 for a two-month CD gets you the highest APY Chase currently offers.
Linked Checking Account Fees
To earn relationship rates, you need a linked Chase checking account. Most of these accounts have monthly fees, which range from 4.95to4.95 to 4.95to35. You can typically waive these fees by maintaining a certain balance.
Daily Compounding
Chase compounds interest on CDs daily and lets you choose when that interest is paid out:
- Monthly
- Quarterly
- Semiannually
- Annually
- At the maturity date
Early Withdrawal Penalty
Withdrawing any of your principal before your CD matures will require you to pay an early withdrawal penalty on the money you take out. The amount of the penalty is based on your CD term, and it won’t exceed the interest you’ve earned.
- CD terms of less than six months: 90 days’ worth of interest
- CD terms from six months to less than 24 months: 180 days’ worth of interest
- CD terms of 24 months or more: 365 days’ worth of interest
Additionally, if you withdraw money within seven days of making a principal withdrawal or opening a CD, you’ll pay at least seven days’ worth of interest.
>> Related: Learn more about how a CD works
Is There a Catch to Chase CDs?
While Chase is a large institution with a solid reputation, there are a couple of things to consider before opening a CD. For one thing, Chase’s CD rates are not quite as competitive as some other online banks and credit unions, especially if you choose not to open a checking account and aren’t able to take advantage of its relationship rates. Chase also requires a minimum opening deposit of $1,000, which might be a barrier for some savers who need lower entry points.
Other Chase Deposit Accounts
While Chase doesn’t offer money market accounts, there are multiple Chase Bank savings accounts, each with different types of savers in mind.
Chase Savings
Chase’s most basic savings account provides features such as account alerts, access to more than 15,000 ATMs and an option to set up automatic transfers from a Chase checking account. You’ll also earn an interest rate of 0.01%, well below the 0.49% national average.
You’ll pay a $5 monthly fee unless you meet one of the following requirements:
- Minimum daily balance of $300
- At least $25 in repeating automatic transfers from your Chase checking account
- A Chase College Checking account linked for overdraft protection
- An account under 18 years old
- A linked Chase Premier Plus Checking, Chase Sapphire Checking or Chase Private Client Checking account
Chase Premier Savings
You’ll earn more interest with a Chase Premier Savings account if you qualify for relationship rates. To qualify, you’ll need to make at least five customer-initiated transactions in a linked Chase Premier Plus or Chase Sapphire checking account during each statement period.
You’ll get access to the same features available with Chase’s standard savings account. The Premier account’s monthly fee is 25,butyoucanwaivethisfeeifyouhavea25, but you can waive this fee if you have a 25,butyoucanwaivethisfeeifyouhavea15,000 minimum daily balance or by linking a Chase Premier Plus or Chase Sapphire checking account.
Chase Private Client Savings
This savings account requires linking an existing Chase Private Client Checking account. It comes with no monthly service fee.
>> Related: Learn more about best savings accounts and best high-yield savings accounts
FAQ: CD Rates at Chase
While the best CD rates frequently change, the highest-paying CDs are mostly from credit unions and online banks. The highest rate available today is 5.50%.
Yes. Only current Chase checking customers can open accounts online. Otherwise, you’ll need to open one in person at one of its 4,700 branches spread out across 48 states.
**Data accurate at time of publication
Editor’s Note: Before making significant financial decisions, consider reviewing your options with someone you trust, such as a financial adviser, credit counselor or financial professional, since every person’s situation and needs are different. Editor’s Note: Parts of this story were auto-populated using data from Curinos, a research firm that collects data from more than 3,600 banks and credit unions. For more details on how we compile daily rate data, check out our methodology here.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.com .