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Chase Premier Savings account review

You’ll get relationship perks and ATM access, but you’ll earn 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 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


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

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.

How do I open a Chase Premier Savings account?

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

  1. Go to the provider’s site and follow the steps to apply.
  2. From Chase’s website, click Open an account, then click Savings accounts.
  3. Scroll down to Chase Premier Savings and click Open an account.
  4. Select account ownership and click Continue.
  5. Fill in your personal information, then click Next.
  6. Verify your information and agree to the terms and conditions, then click 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

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 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 Annual percentage yield (APY) Fee Minimum deposit to open
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
$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 and a $100 bonus when you spend $1,000 in your first 60 days.
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
Axos Bank High Yield Savings
Finder Rating: 4 / 5: ★★★★★
Axos Bank High Yield Savings
No monthly maintenance fees. No minimum balance requirements. Interest compounded daily.
American Express® High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Gemini Earn
Gemini Earn
Up to 8.05%
Watch your cryptocurrency earn up to 8.05% APY with this nationwide account. Not FDIC insured.
Ponce Bank Money Market Deposit
Finder Rating: 4 / 5: ★★★★★
 Ponce Bank Money Market Deposit
Ponce Bank Money Market Deposit account, offered through SaveBetter, has a $1 opening deposit and earns 0.41% APY.

Compare up to 4 providers

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.

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