Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Chase Premier Savings account review

Last updated:  

You’ll get relationship perks and ATM access, but you’ll earn next to no interest.’s rating: 2.3 / 5.0


This savings account is backed by the safety and security of one of the Big Four banks and allows you to set up recurring transfers. But if it’s high interest rates you’re after, the 0.01% APY won’t do much for you.



$25 per month



Minimum deposit to open


APY0.01% on balances of $0+ or higher with qualifying checking activity
Fee$25 per month
To waive the feeMaintain a balance of $15,000 or more
OR link to a Chase Premier Plus Checking or Chase Sapphire Checking account
Minimum deposit to open$25
Intro or bonus offerEarn $150 when you open this account and deposit $10,000 of new money within 20 business days and maintain that balance for 90 days.
Minimum balance to earn interest$0
Interest compoundingDaily
Monthly transaction limit6
Fee per transaction over the limit$5
More Info

Expert review

Peter Carleton

Review by

Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

The Chase Premier Savings account is best for those who already bank with Chase and want to receive relationship perks. The account offers ATM access and an automatic savings program.

However, it pays almost no interest and fees could be high. You’ll pay a $25 monthly maintenance fee unless you have an eligible Chase checking account or a daily balance of at least $15,000.

What are the benefits of the Chase Premier Savings account?

In addition to its massive network of ATMs and 24/7 customer service, this FDIC-insured account features the following perks:

  • Simple application. Quickly apply for this account online, by phone or at a branch.
  • Bonus offer. Earn $150 when you open this account and deposit $10,000 of new money within 20 business days and maintain that balance for 90 days.
  • Relationship perks. Earn better rates and fee waivers depending on your balance and linked accounts.
  • Automatic savings program. Set this up to make recurring transfers that could help you save.

What should I look out for?

There are a few things to look out for with this account:

  • Monthly fee. There’s a $25 monthly fee that can only be waived by holding a daily balance of at least $15,000 or linking an eligible Chase checking account.
  • Low interest rate. You’ll only earn 0.01% interest on your balance.
  • Minimum deposit. To open this account, you’ll need to deposit at least $25.
  • Branch availability. While Chase has over 5,000 branches, there are only branches in 28 states: AZ, CA, CO, CT, DE, WA, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, PA, TX, UT, VA, WV and WI.

If you want a high-yield savings account, you’ll want to keep looking. As always, compare your options when choosing a savings account.

Compare with other savings accounts

Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
American Express® Personal Savings High Yield Savings
Go to site
View details
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Axos Bank High Yield Savings
Axos Bank High Yield Savings
Go to site
View details
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
CIT Bank Savings Builder High Yield Savings Account

0.75% on $25,000+ or set up a direct deposit of $100+ each month
0.55% on $0 to $24,999
Go to site
View details
No account opening or maintenance fees. Daily compounding interest. Earn one of the nation's top rates
Chase Savings
$5 per month
(can be waived)
Go to site
View details
A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements.
Citibank® Account Package
Citibank® Account Package

0.13% on $500,000+
0.08% on $25,000 to $99,999.99
0.04% on $0 to $24,999.99
$25 per month
(can be waived)
Go to site
View details
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
BBVA Money Market

0.45% on $1,000,000+
0.33% on $100,000 to $999,999.99 for 3 months (0.30% after)
0.21% on $10,000 to $49,999 for 3 months (0.15% after)
$15 per month
(can be waived)
Go to site
View details
Earn a promotional APY for your first 3 months and access your money by ATM, check or bill pay.

Compare up to 4 providers

How do I apply?

This account can be opened online within minutes. Here’s how you can get started:

  1. Visit the Chase website, click Open an account, then click Savings accounts.
  2. Scroll down to Chase Premier Savings and click Open an account.
  3. Select account ownership and click Continue.
  4. Fill in your personal information, then click Next.
  5. Verify your information and agree to the terms and conditions, then click Next.
  6. Set up your account preferences, fund your account and submit your application.


  • At least 18 years old
  • Social Security number
  • Valid state-issued ID
  • Permanent US address
  • Initial deposit of at least $25

Required information

  • Name, date of birth and address
  • Phone number and email address
  • Social Security number
  • Employment information
  • Bank information to fund your account

How do I deposit or withdraw money?

There are a number of ways you can access the money in your account:


  • At a branch or ATM
  • Mobile check deposit
  • Direct deposit
  • Online, phone or wire transfer
  • Mail a check


  • At a branch or ATM
  • Bill pay
  • Online, phone or wire transfer
  • Cashback from participating retailer

How do I contact Chase customer service?

There are three ways to get in touch with customer service:

  • Phone: 800-935-9935
  • Email: Sign in to your account and use the Secure Message Center
  • In person: Visit one of Chase’s branches

Does Chase offer other savings accounts?

Yes. If this account isn’t right for you, Chase also offers the Chase Savings Account, which has fewer features but lower fees and is available to customers under the age of 18. For those looking for longer-term savings options, Chase also offers certificates of deposit.

Frequently asked questions

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site