While Chase's rewards credit cards offer considerable value, Chase CD rates leave a lot to be desired for new customers.
For current customers and people looking for longer CD terms, Chase CDs could be a good long-term investment, but the rates are still generally lower than those at most online banks.
Chase CD rates for 2024
Rates as of Sept. 12, 2024
APY = Annual Percentage Yield
Chase Standard CD
Bottom Line
Chase offers CDs in an impressive variety of terms, however its standard rates are rock bottom. In order to get the rates showcased here, you must qualify for Chase's CD relationship rates by having a linked personal checking account.
MINIMUM DEPOSIT $1,000
| 3 Mo. APY | 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|---|
| up to 4.75% | 3.00% | up to 4.50% | 2.00% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Is a high-yield savings account a better option for you?
A high-interest savings account offers rates competitive with the best CDs accounts, but without having to lock your money away for months or even years at a time. Here are some top-rated high-yield savings account options from our experts.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings OnSoFi'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | up to 4.50%² Rate infoYou can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.Min. to earn: $0 | New customers can earn up to a $300 bonus with qualifying direct deposits!¹ | Open Account for SoFi Checking and Savings OnSoFi'sSecure Website. |
Open Account for Capital One 360 Performance Savings OnCapital One'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | 4.25% Rate infoSee Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY)is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.Min. to earn: $0 | N/A | Open Account for Capital One 360 Performance Savings OnCapital One'sSecure Website. |
Open Account for CIT Platinum Savings OnCIT'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | 4.85% APY for balances of $5,000 or more Rate info4.85% APY for balances of $5,000 or more; otherwise, 0.25% APYMin. to earn: $100 to open account, $5,000 for max APY | N/A | Open Account for CIT Platinum Savings OnCIT'sSecure Website. |
Compare Chase CD rates
You probably won't find Chase CD interest rates on our best CDs list. Better CD rates are available from several top online banks. Compare CD rates below to find the right CD account for your needs.
Rates as of Sept. 12, 2024
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Discover® Bank CD Member FDIC. | APY:4.50% | Term:1 Year | Min. Deposit:$2,500 | Open Account for Discover® Bank CD OnDiscover Bank'sSecure Website. |
LendingClub CD Member FDIC. | APY:5.10% | Term:10 Months | Min. Deposit:$2,500 | Open Account for OnSecure Website. |
Quontic CD Member FDIC. | APY:5.10% | Term:6 Months | Min. Deposit:$500 | Open Account for OnSecure Website. |
Overview of Chase CDs
Getting a CD from Chase comes with a few perks, such as having the option to get both very short and very long CD terms. Here's what you can expect when you open CD accounts with Chase.
| Minimum deposit | $1,000 |
|---|---|
| Range of term lengths | 1 month to 120 months |
| Compounding schedule | Daily |
| Early withdrawal penalty | 90 days of interest (terms less than 6 months); 180 days of interest (terms 6 months to less than 24 months); 365 days of interest (terms 24 months or greater) |
| Grace period | 10 days |
Data source: Chase.com
Pros and cons
Chase CDs do have strengths that could balance out the weaknesses. Here's a look at the pros and cons of opening a Chase CD.
Pros
- CD terms from one month up to 10 years
- Relationship rates for Chase customers
Cons
- Rates aren't competitive
- High minimum deposit
- Early withdrawal penalties of as much as 365 days of interest
Chase CD relationship interest rates (available to customers with a linked Chase personal checking account) might compete with those at your local brick-and-mortar bank. When measured against CDs from top banks, though, Chase CD interest rates aren't impressive.
Chase CDs could be a solid option for customers looking to build a CD ladder. Chase offers 17 CD term options ranging from one month to 10 years.
There are no monthly fees associated with Chase CD accounts. Note that the bank's top rates sometimes require a high balance.
RELATED: See The Ascent's list of the best Chase credit cards.
How much can you earn with a Chase CD?
Chase CDs are unique in that you can earn a higher APY if you link a Chase checking account to your CD. This activates the relationship rate on your CD, which can be 250 to 400 times higher than its standard CD rates. While Chase's CD rates can change at any time, once you lock into the rate, it's yours until the end of your term. To give you some perspective, here's how much a $1,000 deposit could earn you at Chase's relationship rates today.
The numbers in the table below may not be accurate to current APYs and are for example purposes only.
| Term | APY | Earnings |
|---|---|---|
| 1 month | 0.02% | $0.02 |
| 2 months | 4.00% | $6.69 |
| 3 months | 2.00% | $4.96 |
| 6 months | 3.00% | $14.91 |
| 9 months | 4.00% | $29.83 |
| 12 months | 2.00% | $20.00 |
| 15 months | 2.50% | $31.36 |
| 18 months | 2.50% | $37.74 |
| 21 months | 2.50% | $44.17 |
| 24 months | 2.50% | $50.64 |
| 30 months | 2.50% | $63.69 |
| 36 months | 2.50% | $76.91 |
| 42 months | 2.50% | $90.29 |
| 48 months | 2.50% | $103.84 |
| 60 months | 2.50% | $131.45 |
| 84 months | 2.50% | $188.74 |
| 120 months | 2.50% | $280.17 |
Data source: Author's calculations
Is a Chase CD safe?
Yes, Chase CDs are safe. Not only is Chase the largest bank in the U.S., but more crucially, it's protected by the FDIC. This means you're insured up to $250,000 per FDIC-insured bank, per depositor, for each account ownership category.
How to open a Chase CD
Luckily, opening a CD at Chase is pretty straightforward. Once you decide that Chase is the right CD provider for you, follow these basic steps.
1. Open a Chase bank account
If you're not a Chase customer, you'll have to open a Chase checking or savings account first. You cannot open a Chase CD without one of these accounts.
Open Account for Chase Total Checking®
OnChase'sSecure Website.
Member FDIC.
Ratings Methodology
Rates asof Sep 13, 2024
Chase Total Checking®
Open Account for Chase Total Checking®
OnChase'sSecure Website.
Member FDIC.
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Open Account for Chase Total Checking®
OnChase'sSecure Website.
APY
0%
Min. To Earn APY
N/A
- Largest bank in the U.S. in terms of assets
- More than 15,000 ATMs and 4,700 physical locations
- Wide range of financial products
- User-friendly online and mobile banking tools
- No minimum deposit to open
- Chase Overdraft Assist
- Low APYs on savings accounts and CDs
- $12 monthly maintenance fee waived only with qualifying activity
Chase Total Checking® combines tons of features with superior customer service. It's a safe place to put your money. You can walk into any of thousands of branches and withdraw cash from more than 15,000 ATMs in Chase's network. You can access everything online, too. It's one of the best checking accounts for in-person and over-the-phone customer service.
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
**Monthly service fee is $12, or $0 with one of the following, each monthly statement period:
- Electronic deposits made into this account totaling $500 or more, such as payments from payroll providers or government benefit providers, by using (i) the ACH network, (ii) the Real Time Payment or FedNowSM network, (iii) third party services that facilitate payments to your debit card using the Visa® or Mastercard® network,
- OR a balance at the beginning of each day of $1,500 or more in this account,
- OR an average beginning day balance of $5,000 or more in any combination of this account and linked qualifying Chase checking, savings, and other balances.
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2. Verify your information
You'll make sure your name, address, Social Security number, and employment information is still current. If nothing has changed, you'll sign the disclosures and move to the next step.
3. Choose your CD term
Next, Chase will ask you to choose your CD terms and decide how much you'll deposit. Note: Chase only lets you open four CDs at one time.
4. Add money and open your account
Finally, you'll choose an account from which you'll fund your CD. Once you've selected an account, check the box confirming your information is correct and open your CD.
Who is a Chase CD right for?
Chase CDs are a good option for people looking for CD terms beyond five years. They're also an attractive choice for customers with a Chase checking account, which gives you access to higher relationship rates.
Bottom Line: Chase CD Rates
Chase Standard CD
- 3 APY: up to 4.75%
- 6 APY: 3.00%
- 9 APY: up to 4.50%
- 12 APY: 2.00%
- 18 APY: 2.50%
- 24 APY: 2.50%
- 36 APY: 2.50%
- 48 APY: 2.50%
- 60 APY: 2.50%
Show All Rates [+]Hide All Rates [-]
Rates as of Sept. 12, 2024
APY = Annual Percentage Yield
Term
Chase Standard CD
3 Mo.
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
up to 4.75%
3.00%
up to 4.50%
2.00%
2.50%
2.50%
2.50%
2.50%
2.50%
Keep reading about Chase Bank
- Chase Review
- Chase Savings℠ Review
- Chase Total Checking® Review
- Chase Business Complete Checking Review
- Chase Promotions
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
Learn more about how The Motley Fool Ascent rates bank accounts.
FAQs
Few banks offer CD terms beyond five years. With terms up to 10 years, Chase CDs are ideal for customers who want to build a CD ladder.
Chase CD interest rates aren't competitive with those of the best online banks, but the APYs of several popular term lengths are quite high for a branch-based bank. For this reason, they could be a valuable savings tool for current Chase checking customers because of access to higher relationship CD rates.
The minimum opening deposit for Chase CDs is $1,000.
Chase CDs don't have monthly service fees, but you'll pay an early withdrawal penalty if you initiate a withdrawal before your CD matures.
Yes, but you have to pay an early withdrawal penalty. Chase will only waive the early withdrawal penalty if the CD owner has died, been disabled, or determined incompetent by a court. If you're moving the CD into a living trust, without making any other changes to the CD itself, Chase will generally permit the transfer without imposing a fee.
