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finder.com’s rating: 3.3 / 5.0
★★★★★
Growing a savings account can help you reach short- and long-term financial goals. With the Chase Savings, you’ll earn interest while your money is kept safe. New customers can even qualify for a cash bonus. You may get dinged with a monthly service fee, however, and Chase only has branches in 28 states.
0.01%
APY
$5 per month
Fee
$0
Minimum deposit to open
| APY | 0.01% |
|---|---|
| Fee | $5 per month |
| To waive the fee | • Maintain a balance of at least $300 at the beginning of each day • OR initiate at least one monthly automatic transfer of $25 or more from a Chase checking account • OR be younger than 18 years old • OR link your account to a Chase Premier Plus Checking, Chase Sapphire Checking or Chase Private Client Checking account |
| Minimum deposit to open | $0 |
| Intro or bonus offer | Get a $150 bonus when you open a new Chase Savings account, deposit a total of $10,000 or more in new money within 20 business days and maintain a $10,000 balance for 90 days. Or get $350 when you open both a Chase Savings and Chase Total Checking account. |
| Minimum balance to earn interest | $0 |
| Interest compounding | Daily |
| Go to site More Info |
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.
The Chase Savings account offers low waivable monthly fees and it’s best for those who have at least $300 in their account.
But the interest rate is 0.01%, which is lower than the competition.
Chase Banking
$150 signup bonus when you open a new account
Coupon valid for Chase Savings through January 21, 2020, when you deposit a total of $10,000 or more in new money within 20 days and maintain a $10,000 balance for 90 days. $200 in additional bonus money is available if you open both Chase Savings and Chase Total Checking accounts.
Last verified
Chase Banking
$350 signup bonus when you open both checking and savings accounts
Offer valid for opening both Chase Total Checking and Chase Savings accounts when you set up direct deposit on the checking account and deposit $10,000 or more in new money in the savings account, plus maintain a $10,000 balance for 90 days.
Last verified
If you prefer a higher yield interest rate, you’ll want to keep looking. As always consider your options when choosing a savings account.
You can open a Chase Savings by visiting a branch with your government-issued ID and a way to fund your deposit or by applying online.
1. Visit the Chase site and click Savings accounts & CDs.
2. Click Open account under Chase Savings.
3. Fill in your personal information including your name, address and Social Security number, then click Next.
4. Once your application is complete, make your initial $25 deposit.
5. After your deposit is made, submit your application.
The only eligibility requirement is a $0 deposit to open the account.
To get the $150 introductory bonus, you must be a new Chase customers and deposit $10,000 within 20 business days — and maintain that balance for 90 days.
Whether you apply online or at a branch, you’ll need to provide the following info to open an account:
Chase makes it easy to deposit and withdraw money with this account:
★★★★★ — 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.