Chase Premier Savings Account Review
- Annual Percentage Yield (APY)
- Up to
0.01%
- Fee
- $25 per month
(can be waived) - Minimum deposit to open
- $25
Our verdict
A savings account with a low APY and a monthly fee, so it's not the best option out there.
The Chase Premier Savings account is best for existing Chase customers, because linking this account to your Chase Premier Plus Checking or Chase Sapphire Checking account means you get to waive the $25 monthly fee and may get a slightly higher rate. There's another way to waive the $25 monthly fee, but it requires a beginning-day balance of $15,000. It also offers automated savings and overdraft alerts. But overall, the Chase Premier Savings account is not competitive. It offers a low rate of 0.01% to 0.02% APY — much lower than the best accounts and the national average. If you're a new Chase customer and don't have a checking account with them, you'll only get 0.01% APY and may get saddled with a $25 fee if you don't have at least $15,000 in the account every day.
Best for: Existing Chase customers in need of a savings account.
Pros
-
Two ways to waive the fee
-
Account alerts
Cons
-
Low 0.01% to 0.02% APY
-
$25 monthly fee (waivable)
-
Low relationship rate
Who is Chase Premier Savings best for?
The Chase Premier Savings account only makes sense for existing Chase customers who want to keep all their accounts in one place, because one of the ways you can waive the fee is by linking another Chase account to it. And with a $25 monthly maintenance fee, you’ll want to get that waived. You can also waive the fee with a balance of at least $15,000 at the beginning of each day.
What we like about Chase Premier Savings
There isn’t much good to say, but it’s worth noting that the Premier Savings account doesn’t have any balance requirements to earn either the 0.01% to 0.02% APY.
But there are requirements to earn the slightly higher 0.02% APY, called the “relationship” rate. Requirements include:
- Link Premier Savings to a Chase Premier Plus Checking or Chase Sapphire Checking account, and
- Perform at least five transactions per month with the checking account.
If you’re an existing Chase customer and the checking account you’re linking is your everyday checking account, then meeting the transaction requirements is easy. By linking an account to get the relationship rate, you’d also waive the Premier Savings monthly fee, so it’s two birds with one stone.
What could be better
The Chase Premier Savings account is lacking in several areas.
Low APY
First, its 0.01% to 0.02% APY is much lower than the 0.38% national savings rate average, as reported by the FDIC.
Doing all the work to perform at least five transactions with a linked checking account just doesn’t feel worth it for a 0.01% rate bump. There are tons of better savings accounts out there.
High monthly fee, on top of all that
Premier Savings also comes with a monthly fee, which is uncommon as most savings accounts nowadays are free. You’ll pay $25 a month to maintain the account unless you link a Chase checking account or maintain a beginning day balance of at least $15,000.
If you’re adamant about sticking with Chase, consider its other savings account option: The Chase Savings account earns the same 0.01% APY but has a lower $5 monthly fee with five ways to waive it.
Compare Chase Premier Savings to other top savings accounts
Narrow down top savings accounts by APYs, opening deposits and minimum balances requirements. For a closer comparison, tick the Compare box to see accounts side by side.
What is the Finder Score?
The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
Customer reviews and ratings
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.14 out of 5 stars, based on 658 customer reviews |
| Trustpilot score | 1.3 out of 5 stars, based on 2,855 customer reviews |
| App Store Score | 4.8 out of 5 stars, based on 9,200,000 customer reviews |
| Google Play Score | 4.8 out of 5 stars, based on 2,000,000 customer reviews |
| Customer reviews verified as of | 29 September 2026 |
JP Morgan Chase has a lot of products and services, over 5,000 branches and serves over 100 countries, so your customer experience is likely to vary. But like many large banks, its record isn’t squeaky clean and its customer reviews don’t shine a great light.
Most reviews about Chase are negative, but we expected that. Most folks don’t go to the Better Business Bureau (BBB) to offer compliments, and the same deal with Trustpilot. The negative reviews mention tons of issues, but mostly around customer support, struggles with phone support, delays in deposits or frustrations with closed accounts.
Finder Scores: What they mean
If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.
Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they're not quite the best in class.
Bottom line: You can find better, but these products still offer reasonable value and have the basics sorted.
These products may not offer much value in the long run, and there are better options available.
Your reviews
Bethany Finder
Banking editor
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