Chase Bank provides money-saving products, including competitive CD rates, checking accounts, and savings accounts. This guide will compare their interest rates to CD rates from the USA’s top banks.
Let’s take a look at Chase banking!
- About Chase Bank
- Chase Bank Checking Account Rates
- Chase Money Market Account Rates
- Chase Bank Savings Account Rates
- Chase CD Rates
- Chase vs.
- The Best CD Rates Today
- Frequently Asked Questions
- Earn The Highest Interest Rates On Savings Today
- Certificates of Deposit vs. Fixed Annuity
- The Top Fixed Annuities
- What's The Difference Between a Fixed Annuity and a CD?
- Request A Quote
Earn The Highest Interest Rates On Savings Today
Fixed annuities are almost identical to Certificates of Deposit (CDs) accounts and provide higher interest rates and penalty-free withdrawals for income.
| Term | Insurance Company | APY |
|---|---|---|
| N/A | GreenState Credit Union Savings Account | 5.01% |
| N/A | Ponce Bank | 5.01% |
| 12 Months | Bread Savings CD | 5.20% |
| 27 Months | Sallie Mae CD | 5.15% |
| 48 Months | Americo Fixed Annuity | 5.05% |
| 5 Years | Americo Fixed Annuity | 5.25% |
| 10 Years | American National | 5.45% |
Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this article.
About Chase Bank
Chase Bank is one of the largest banks in the United States. It provides its customers with a wide range of banking, mortgage, credit card, and investment services.
Chase Bank has been providing financial services to customers for over 130 years and continues to be a trusted choice for millions of customers across the US. With a wide range of products and services, including checking accounts, savings accounts, investment services, credit cards, personal loans, and many more options for managing your finances, Chase Bank is the ideal choice for anyone looking for a reliable bank with excellent customer service.
With over 5,000 branches and 16,000 ATMs throughout the country, Chase is easily accessible to most people. In addition to traditional banking services like savings accounts, checking accounts, and loans, Chase offers investment products like mutual funds and annuities.
Chase is an FDIC member and headquartered in New York City.
Chase Bank is a good option if you’re looking for a full-service bank with a wide range of products and services. However, if you’re looking for the lowest fees and interest rates, you may want to compare Chase with other banks before making a decision.
Chase Bank Checking Account Rates
Opening a checking account at Chase Bank can be a great way to manage your finances. With easy online access, flexible payment options, and low fees, it’s a convenient and affordable choice for anyone who wants to keep their money secure and accessible.
Whether you’re looking to simplify your budget or set up automatic transfers to pay bills on time, Chase has the tools and services you need to stay on top of your finances. So if you’re ready to take charge of your money and start saving today, open a checking account with Chase Bank!
Chase Money Market Account Rates
Chase Bank does not currently offer money market accounts. However, they offer several other savings accounts, including traditional accounts and certificates of deposit (CDs).
You can find the best money market rates here.
Chase Bank Savings Account Rates
Chase Bank offers some of the best savings accounts available today. In addition, these accounts are highly customizable, allowing you to choose from various interest rates and minimum balance requirements to find an account that fits your needs.
Furthermore, Chase excels when it comes to customer service and security. Their dedicated account representatives are available at all hours, ready to answer your questions and help with any problems or issues you might encounter. And as a bonus, all Chase savings accounts come equipped with advanced security features such as secure online banking and 24/7 monitoring by real people.
Chase offers two different savings account options: the standard and the premier. The Premier account pays a higher interest rate in exchange for a higher balance. The standard account does not have this requirement but only pays a lesser interest rate.
Chase has the perfect savings account whether you’re just starting or have been saving for years. So why wait? Go ahead and sign up today!
Chase CD Rates
For many people, saving money is a top priority. One way to do this is to invest in a certificate of deposit (CD) from a bank or credit union. CDs are low-risk investments that typically offer higher interest rates than savings accounts. Chase Bank offers a variety of CD options, making it a good choice for people who want to grow their savings.
The interest rate and term length are fixed, so savers know how much they will earn on their investment. CDs can be an ideal way to save for long-term goals like retirement, as they offer the potential for steady growth over time. Chase Bank CDs may be worth considering for people looking for a safe and reliable way to grow their savings.
Certificates of Deposit vs. Fixed Annuity
The Top Fixed Annuities
- 2-YEAR TERM: 4.60%
- 3-YEAR TERM: 5.40%
- 4-YEAR TERM: 5.10%
- 5-YEAR TERM: 5.45%
- 6-YEAR TERM: 5.43%
- 7-YEAR TERM: 5.46%
- Grow your money as fast as possible
- Principal protection
- The interest rate is locked for the term you select
- Tax-deferred growth
- Withdraw annually without penalty
- Lump-sum death benefits
- Accepts cash, 401(k), and IRA Funds
What’s The Difference Between a Fixed Annuity and a CD?
| Feature | Fixed Annuity | CD |
|---|---|---|
| Who Offers | Insurance Company | Banks |
| Premium Amounts | $2,500 to $1 Million | $500 – No Maximum |
| Terms | 2 Years to 20 Years | 3 Months to 7 Years |
| Guaranteed Interest Rates | Up to 5.70% | Up to 5.50% |
| Triple Compounding | Yes | No |
| Principal Protection | Yes | Yes |
| Can You Lose Money? | No | No |
| Liquid After Term | 100% | 100% |
| How Are Gains Taxed? | Tax-Deferred | Taxed Annually |
| Annual Liquidity | Up to 10% Annually | No Liquidity |
| Who Protects My Money? | Insurance Company/SGA | FDIC |
| Accepts IRA | Yes | No |
| Accepts 401(k) | Yes | No |
| Death Benefit | Lump-Sum | Lump-Sum |
Are Annuities FDIC Insured?
Fixed annuities are not FDIC insured but have similar protections for your money. An annuity is an insurance policy guaranteed by the insurance company’s claims-paying ability. The insurance companies are members of the state insurance guarantee associations where they do business. Each state insurance guarantee association protects consumers if the insurance company fails and defaults on its obligations to its consumers (limits vary per state).
For example, Georgia insures up to $250,000 of the annuity’s cash value per insured life if the insurance company becomes insolvent and can not fulfill its obligations to the insured.
Chase vs.
The Best CD Rates Today
3-Month CD Rates
The following banks and credit unions have the highest CD rates for three months.
| Best 3-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Synchrony Bank | 2.25% APY | 3 Months | $0.00 |
| Popular Direct | 4.10% APY | 3 Months | $10,000.00 |
| TIAA Bank | 4.00% APY | 3 Months | $1,000.00 |
| TotalDirect Bank | 4.00% APY | 3 Months | $25,000.00 |
| Ally | 2.00% APY | 3 Months | $0.00 |
| Bethpage Federal Credit Union | 2.25% APY | 3 Months | $50.00 |
| Teachers Federal Credit Union | 4.50% APY | 3 Months | $1,000.00 |
6-Month CD Rates
The following banks and credit unions have the highest CD rates for six months.
| Best 6-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| CommunityWide FCU | 4.50% APY | 6 Months | $1.000.00 |
| PenFed Credit Union | 2.70% APY | 6 Months | $1,000.00 |
| Synchrony Bank | 4.25% APY | 6 Months | $0.01 |
| Popular Direct | 4.75% APY | 6 Months | $10,000.00 |
| First Internet Bank | 4.52% APY | 6 Months | $1,000.00 |
| Quontic Bank | 3.75% APY | 6 Months | $500.00 |
| Marcus by Goldman Sachs | 3.90% APY | 6 Months | $500.00 |
| Bank5 Connect | 4.75% APY | 6 Months | $1,000.00 |
| Fortera Credit Union | 5.25% APY | 7 Months | $1,000.00 |
| Bask Bank | 5.85% APY | 6 Months | $1,000.00 |
| Live Oak Bank | 4.80% APY | 6 Months | $2,500.00 |
| Brilliant Bank | 5.25% APY | 9 Months | $1,000.00 |
| MYSB Direct | 5.00% APY | 6 Months | $500.00 |
1-Year CD Rates
The following banks and credit unions have the highest CD rates for 12 months.
| Best 12-Month CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 5.05% APY | 12 Months | $1,500.00 |
| First National Bank of America | 4.40% APY | 12 Months | $1,000.00 |
| CommunityWide FCU | 5.00% APY | 12 Months | $1,000.00 |
| PenFed Credit Union | 4.60% APY | 12 Months | $1,000.00 |
| Marcus by Goldman Sachs | 4.50% APY | 12 Months | $500.00 |
| Synchrony Bank | 4.50% APY | 12 Months | $0.00 |
| Popular Direct | 5.15% APY | 12 Months | $10,000.00 |
| First Internet Bank of Indiana | 5.06% APY | 12 Months | $1,000.00 |
| Alliant Credit Union | 5.00% APY | 12 Months | $1,000.00 |
| Bethpage Federal Credit Union | 5.00% APY | 12 Months | $50.00 |
| Umbrella Bank | 4.20% APY | 12 Months | $1,000.00 |
| Limelight Bank | 5.15% APY | 12 Months | $1,000.00 |
| CFG Bank | 5.20% APY | 12 Months | $500.00 |
| Rising Bank | 5.00% APY | 12 Months | $1,000.00 |
| America First Credit Union | 5.10% APY | 12 Months | $500.00 |
| Sallie Mae Bank | 4.80% APY | 12 Months | $2,500.00 |
| MYSB Direct | 5.25% APY | 12 Months | $500.00 |
2-Year CD Rates
Banks and credit unions have the highest CD rates for 24 months.
| Best 2-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Synchrony Bank | 4.30% APY | 24 Months | $0.01.00 |
| First National Bank of America | 4.40% APY | 24 Months | $1,000.00 |
| Pentagon Federal Credit Union | 4.45% APY | 24 Months | $1,000.00 |
| Marcus by Goldman Sachs | 4.35% APY | 24 Months | $500.00 |
| Credit Human | 5.50% APY | 24 Months | $500.00 |
| North American Savings Bank | 5.13% APY | 24 Months | $5,000.00 |
| Bread Savings | 5.10% APY | 24 Months | $1,500.00 |
| Langley Federal Credit Union | 5.35% APY | 22 Months | $500.00 |
3-Year CD Rates
The following banks and credit unions have the highest CD rates for 36 months.
| Best 3-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.50% APY | 36 Months | $1,500.00 |
| Pentagon Federal Credit Union | 4.10% APY | 36 Months | $1,000.00 |
| Synchrony Bank | 4.30% APY | 36 Months | $0.01% |
| First National Bank of America | 4.40% APY | 36 Months | $1,000.00 |
| Marcus by Goldman Sachs | 4.30% APY | 36 Months | $500.00 |
| Discover | 4.30% APY | 36 Months | $2,500.00 |
| Popular Direct | 4.45% APY | 36 Months | $10,000.00 |
| Quontic Bank | 4.30% APY | 36 Months | $500.00 |
| Barclays | 4.30% APY | 36 Months | $0.00 |
| Randolph-Brooks Federal Credit Union | 4.35% APY | 36 Months | $20,000.00 |
| Credit Human | 5.50% APY | 24-35 Months | $500.00 |
| First Internet Bank of Indiana | 4.54% APY | 36 Months | $1,000.00 |
| Quorum Federal Credit Union | 5.15% APY | 36 Months | $1,000.00 |
| Summit Credit Union | 4.85% APY | 36 Months | $500.00 |
4-Year CD Rates
The following banks and credit unions have the highest CD rates for 48 months.
| Best 4-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.35% APY | 48 Months | $1,500.00 |
| NASA Federal Credit Union | 4.55% APY | 49 Months | $10,000.00 |
| PenFed Credit Union | 3.90% APY | 48 Months | $1,000.00 |
| Synchrony Bank | 4.30% APY | 48 Months | $0.01 |
| First National Bank of America | 4.35% APY | 48 Months | $1,000.00 |
| Marcus by Goldman Sachs | 4.00% APY | 48 Months | $500.00 |
| Credit Human | 4.65% APY | 36-59 Months | $500.00 |
| All In Credit Union | 4.49% APY | 48 Months | $1,000.00 |
| University Federal Credit Union | 5.00% APY | 48 Months | $1,000.00 |
5-Year CD Rates
The following banks and credit unions have the highest CD rates for 60 months.
| Best 5-Year CD Rates | Rate | Term | Minimum |
|---|---|---|---|
| Bread Savings | 4.25% APY | 60 Months | $1,500.00 |
| Popular Direct | 4.50% APY | 60 Months | $10,000.00 |
| Synchrony Bank | 4.30% APY | 60 Months | $0.00 |
| PenFed Credit Union | 3.90% APY | 60 Months | $1,000.00 |
| First National Bank of America | 4.35% APY | 60 Months | $1,000.00 |
| Marcus by Goldman Sachs | 3.80% APY | 60 Months | $500.00 |
| Discover | 4.10% APY | 60 Months | $2,500.00 |
| Connexus Credit Union | 3.51% APY | 60 Months | $5,000.00 |
| Barclays | 4.30% APY | 60 Months | $0.00 |
| BMO Harris | 4.50% APY | 59 Months | $5,000.00 |
| Credit Human | 4.65% APY | 60 Months | $500.00 |
| First Internet Bank of Indiana | 4.49% APY | 60 Months | $1,000.00 |
| All In Credit Union | 5.00% APY | 60 Months | $1,000.00 |
| Lafayette Federal Credit Union | 4.63% APY | 60 Months | $500.00 |
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Frequently Asked Questions
What is the best rate at Chase Bank?
- 1-year CD: 0.02%-0.05% APY.
- 3-year CD: 0.02%-0.05% APY.
- 5-year CD: 0.02%-0.05% APY.
- 10-year CD: 0.02%-0.05%APY.
What’s the highest CD rate I can expect?
If you’re looking for 6% CD rates, you’re not going to find them at a bank, credit union, online, or financial institution. Interest rates on CDs haven’t been that high in over a decade. However, fixed annuities have peaked at 4 percent in the last ten years.
While 6% CD rates may be a thing of the past, options are still available for those looking for a higher rate of return on their investment. Fixed annuities can provide a safe and secure way to grow your money, and they offer the potential for higher returns than traditional savings accounts. If you’re interested in exploring this option, talk to a financial advisor to see if a fixed annuity is right.