Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Chase Premier Savings account review

You’ll get ATM access and flexible scheduling to automate your savings, but next to no interest.’s rating: 2.3 / 5.0


The information about Chase Premier Savings has been collected independently by Finder and has not been reviewed or provided by the issuer.

This savings account is backed by the security of the largest US bank and offers flexibility in how you schedule your automated savings. 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


Annual percentage yield (APY)0.01% 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

Review by

Sarah George is a staff writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.

Expert review

The Chase Premier Savings account is best for those who already have a Preferred Plus or Sapphire Checking account. You also might consider this account if you use Chase’s other financial products and want to keep your accounts in one place. Chase Premier Savings offers ATM access and tools like automated savings and overdraft alerts.

However, it pays almost no interest, and you have to jump through a few hoops to avoid its maintenance fee. One way to avoid the $25 monthly fee is to have a daily balance of $15,000+ across all your eligible accounts. You can also avoid the fee if you’re a Chase mortgage customer or military member and you link your savings with your Preferred Plus Checking account.

If you’re looking to grow your savings faster or get out of paying fees, you can find other savings accounts with a higher APY and minimal fees.

How do I open a Chase Premier Savings account?

You can open this account online within minutes. How to get started:

  1. Go to the provider’s site and follow the steps to apply.
  2. Select Open an account from Chase’s website, then select Savings accounts.
  3. Scroll down to Chase Premier Savings and select Open an account.
  4. Select account ownership and select Continue.
  5. Fill in your personal information, then select Next.
  6. Verify your information and agree to the terms and conditions, then select Next.
  7. 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
  • Non-US residents may need to apply at a branch and provide extra information like a passport and visa.

Required information

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

What states does Chase have branches in?

Chase has branches located in the following states:

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Massachusetts
  • Michigan
  • Nevada
  • New Jersey
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • West Virginia
  • Wisconsin

What are the benefits of the Chase Premier Savings account?

When you bank with Chase, you get a wide network of ATMs and 24/7 customer service to go with your FDIC-insured account. Other perks include:

  • Signup bonus. You get $150 when you sign up for the account and maintain a balance of $10,000 for 90 days — not to mention the signup bonuses for any linked checking accounts.
  • Wide network of ATMs. You can access your money via one of Chase’s 16,000 ATMs. You also get out-of-network ATM rebates if you have the Preferred Plus or Sapphire Checking accounts.
  • Automatic savings program. Set up recurring transfers with your preferred amount and day, or automatically save a percentage of your direct deposits.
      • Other Chase account tools. Chase lets you set up alerts to warn that you’re overdrafting your account. You also can enroll in its text banking to check your account balance by text.

      What should I look out for?

      The main downside to this account is that its monthly fee isn’t easy to avoid without keeping thousands of dollars on hand or linking your Chase Premier Plus or Sapphire Checking account. Other downsides to consider:

      • 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 earn 0.01% interest, a low but common rate among major banks. As an example, this rate will earn $1.50 over 12 months if you keep the suggested $15,000 in your account.
      • Minimum deposit. To open this account, you need to deposit at least $25.
      • Branches available in only 28 states. While Chase has over 5,000 locations, it doesn’t offer branches in every state.

      Chase also offers its standard Chase Savings Account, which has fewer features but lower fees and is available to customers under age 18. However, keep looking if you want a high-yield savings account. For example, Quontic Bank’s High Yield Savings offers one of the highest APYs around with no minimum balance requirements and minimal fees.

      Compare with other savings accounts

      Check the Compare box to see alternative savings accounts side by side, and select Go to site when you’re ready to sign up.

      Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open Interest compounding Offer
      Aspiration Spend & Save Account
      Finder Rating: 4.2 / 5: ★★★★★
      Aspiration Spend & Save Account
      Up to 5.00%
      $0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
      Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
      CIT Savings Connect
      Finder Rating: 5 / 5: ★★★★★
      CIT Savings Connect
      Earn an impressive APY on your entire balance. This straightforward online savings account has no monthly service or account opening fees.
      Bread Savings™ High-Yield Savings
      Finder Rating: 4.3 / 5: ★★★★★
      Bread Savings™ High-Yield Savings
      Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
      Axiom Bank high-yield savings account
      Axiom Bank high-yield savings account
      UFB Rewards Savings
      Finder Rating: 5 / 5: ★★★★★
      UFB Rewards Savings
      Earn a 2.61% APY with no minimum deposit or balance amount with this no-monthly-fee savings account.
      Quontic Bank High Yield Savings
      Finder Rating: 4.6 / 5: ★★★★★
      Quontic Bank High Yield Savings
      Interest is compounded daily. No monthly service fees. Competitive rates

      Compare up to 4 providers

      How do I deposit or withdraw money?

      When making deposits, you’ll usually see the money credited to your account the same day if depositing in person or at an ATM. Mobile check deposits are available the next business day. However, mobile and ATM deposits should be deposited before 11 p.m. for these rules to apply.


      You can put money into your account by:

      • Going to a branch or ATM
      • Mobile check deposit
      • Direct deposit
      • Online, phone or wire transfer
      • Mailing a check


      Get access to your money through:

      • 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:

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

      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