
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
The information about Chase CD has been collected independently by Finder and has not been reviewed or provided by the issuer.
Tuck your money away with a Chase CD for terms that range from one month to 10 years. But with APYs up to 0.05% for CD relationship rates, you’ll find better rates elsewhere.
0.01%
1-year APY
0.01%
3-year APY
0.01%
5-year APY
Star rate | 1.6 |
---|---|
3-month APY | 0.01% |
6-month APY | 0.01% |
9-month APY | 0.01% |
1-year APY | 0.01% |
15-month APY | 0.01% |
18-month APY | 0.01% |
2-year APY | 0.01% |
30-month APY | 0.01% |
3-year APY | 0.01% |
4-year APY | 0.01% |
5-year APY | 0.01% |
7-year APY | 0.01% |
10-year APY | 0.01% |
Early withdrawal penalty | 90 days interest for terms of 1 to 5 months 180 days interest for terms of 6 to 23 months 365 days interest for terms of 24 + months |
Minimum deposit to open | $1,000 |
Interest compounding | Daily |
Review by
Sarah George is a personal finance writer at Finder who’s spent the last four years wielding her digital pen on all things banking and insurance. Her know-how has been featured in such publications as CBS, CNET and Reviews.com, and she was a panelist in Finder’s 2020 money-saving webinar. Sarah earned an English education degree and is a Certified Educator in Personal Finance.
But you’ll end up sacrificing when it comes to interest rates. You’ll earn 0.01% on your money with a standard CD no matter the term. And 0.05% or 0.02% if you open up a relationship CD and keep $10,000 or more locked away.
For instance, if you open a 12-month standard CD earning 0.01% APY, you’ll only earn $0.10 at the end of the term. And if you open one of Chase’s relationship CDs with the same deposit and for the same term, you’ll earn just $0.20.
Compare that to CDs offered by competitor Quontic Bank. If you open a 12-month Quontic Bank CD with $1,000, you’ll earn 4.25% APY, which works out to $17.76 in interest. That’s significantly more than what you’ll get with Chase, and Quontic Bank offers even higher rates on longer CD terms. So while Chase offers various terms, you’ll find higher CD rates from other institutions.
If you’re bent on using Chase, we suggest trying a Chase Savings account, which offers the same APY and unlocked access to your funds over a Chase CD.
To open a Chase CD, you must have a qualifying Chase checking or savings account. If you do already have one of these accounts with Chase, you can open a CD at a branch, by phone or through the mail. You can also open a Chase CD online by following these steps.
To open a Chase CD, you’ll need to meet these requirements:
When applying, keep these items on-hand to make the process that much easier:
Put money into your CD savings account by:
Chase offers online customer support, a variety of CD terms and FDIC insurance up to $250,000. Its standout benefits include:
See how much Chase’s CD accounts earn over the course of one to five years under its standard interest rate. You can earn up to 0.05% APY with its Relationship Rates, if you keep at least $10,000 in the account for six months or more.
Term length | APY | Amount in savings | Interest earned at maturity |
---|---|---|---|
1 year | 0.01% | $2,000 | $0.20 |
2 years | 0.01% | $2,000 | $0.40 |
3 years | 0.01% | $2,000 | $0.60 |
5 years | 0.01% | $2,000 | $1.00 |
No account is perfect. Watch out for these potential drawbacks with your Chase CD:
If you’re looking to open a CD with a major bank or financial company, think about Discover’s CD options with APYs up to 3.25%.
You could also go for a Capital One CD if you’re looking for in-person banking and can locate a Capital One location near you. Capital One also offers similar APYs as Discover.
If you prefer a higher-yield CD, you’ll want to keep looking by comparing the best CD rates available.
Check out these CDs based on their interest rates for different term lengths.
JP Morgan Chase is accredited by the Better Business Bureau (BBB) and has been in business for nearly 200 years, giving it credibility and stability as one of the biggest US banks. It’s earned an A- rating from the organization for how it handles customer complaints.
However, a bank as big as Chase will garner negative reviews. Customers rate the bank with 1 of 5 stars out of about 480 reviews, and nearly 1,000 Trustpilot reviewers hand it a 1.4 out of 5 stars.
Customers complain about wait times with customer service as well as holds on funds or opening an account. Positive reviews focus on friendly and helpful live reps, including complicated situations that were handled with good taste.
After your CD’s term has ended, you can receive your money by requesting a check or by transferring the money online, either into a Chase account or another bank through ACH.
If you chose an automatically renewable CD, the entire amount gets rolled into another CD for a new term. You can change the new term or make a deposit during the 10-day grace period after the previous term ends. Single maturity CDs simply stop earning interest.
Chase has a variety of customer service options:
Chase CD is not currently available on Finder
Have you considered Bread Savings CDs?
With a $1,500 minimum deposit, you'll receive competitive interest rates and no hidden fees with this CD. FDIC insured.