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

High-Yield Chime Savings Account review

This savings account earns 2% APY and comes with roundup and recurring transfer features.

No reviews yet. Write a review

Our verdict

Chime Savings is packed full of features to help you grow your savings. You'll earn a 2% annual percentage yield (APY), nearly five times higher than the current national average of 0.42%. You can set up recurring transfers to move 10% of your paycheck to savings automatically and round up purchases with your Chime card for additional savings. But you need a Chime Checking account to open the account. Also, Chime's record isn't squeaky clean, either, with thousands of customer complaints stemming from accounts being closed unexpectedly and without notice.

Best for: Existing Chime customers in need of a free savings account with roundup features.

  • Free to open and maintain
  • Decent 2% APY
  • Savings roundups
  • Auto deposit up to 10% of paycheck
  • Requires Chime Checking Account
  • Inexplicable account closures


Finder rating

Go to site
on Chime's secure site





Minimum deposit to open


Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
APY: The Annual Percentage Yield (“APY”) is variable and may change at any time. The disclosed APY is accurate as of May 22, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
Fees: There’s no fee for the Chime Savings Account. Cash withdrawal and Third- party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.
Round Ups: Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
Save When I Get Paid: Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.

Chime Savings

Learn more and sign up on Chime's secure site

Who is the High-Yield Chime Savings Account best for?

This account is best suited for existing Chime customers, since the High-Yield Chime Savings account requires a Chime Checking account. If you’re looking for an easy way to start accumulating a little nest egg, it’s a great option, because you can set up roundups and automatic withdrawals from your paycheck.

The cherry on top are things everyone likes: The account is completely free to open and maintain, requiring no monthly fees, opening deposit requirement or minimum balance requirements to earn interest.

What we like about the Chime Savings Account

Chime isn’t a bank — it’s a fintech company with banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., which are FDIC-insured up to $250,000. So while Chime isn’t a bank itself, its accounts are insured thanks to its partner banks.

No fees

Chime Savings is completely free to open and maintain. And although it requires a Chime Checking account, that account is also free, so you won’t pay anything for both accounts.

There’s also no opening deposit or balance requirements to start earning 2% APY.

Savings on autopilot

The account comes with two automatic features called Round Ups and Save When I Get Paid.

The Round Up feature rounds up your purchases to the nearest dollar and transfers the extra into your Chime Savings account. The Save When I Get Paid feature allows you to opt in to automatically transfer 10% of each paycheck into your savings.

Where it falls short

You must have the Chime Checking account to get the Chime Savings account, which isn’t super convenient if you are just looking for a savings account. There are many other high-yield savings accounts that don’t require a paired account.

Another downside is Chime doesn’t support joint accounts, which isn’t ideal for spouses, life partners or families looking to pool their savings together.

Withdrawals may be a pain

To withdraw funds from your Chime Savings account, you must first put the money into your Chime checking account, then withdraw that from an ATM. As an online fintech, Chime doesn’t have any physical branches or its own ATM network, but you can use MoneyPass, Allpoint and Visa Plus Alliance ATMs for free.

Thousands of customer complaints

Chime doesn’t have the best reputation at the moment. It has thousands of complaints on its Better Business Bureau (BBB) profile and the Consumer Financial Protection Bureau (CFPB). Nearly all complaints are from customers reporting their accounts were closed without notice and many experiencing trouble getting their funds after the accounts were closed.

Reportedly, a large number of sudden account closures appears to be the result of a security measure that’s supposed to fight fraud.

Compare High-Yield Chime Savings to other savings accounts

Narrow down top savings accounts by opening deposits, fees and APY. To see providers side by side, select the Compare box on up to four accounts.

1 - 6 of 27
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
Cloud Bank 24/7 through Raisin
Finder Rating: 4.7 / 5: ★★★★★
Cloud Bank 24/7 through Raisin
Traditional savings


Up to $250,000
Pacific Western Bank MMDA through Raisin
Finder Rating: 4.8 / 5: ★★★★★
Pacific Western Bank MMDA through Raisin
Money market


Up to $250,000
SoFi Checking and Savings
Finder Rating: 4.6 / 5: ★★★★★
SoFi Checking and Savings
Traditional savings,Checking




Up to $250,000
Earn up to $250 with a qualifying direct deposit, terms apply. This offer is available until December 31, 2023.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings


Up to $250,000
Upgrade - Premier Savings
Finder Rating: 4.3 / 5: ★★★★★
Upgrade - Premier Savings
Traditional savings


Up to $250,000
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings
Traditional savings


Up to $250,000

Customer experience

There is a lot of feedback for Chime, but unfortunately, most of it isn’t great. Poor reviews are common with banks and fintechs, but Chime has many more complaints than we typically see. Nearly 8,000 people have filed a complaint against Chime on its Better Business Bureau (BBB) profile in the last three years, giving Chime a C+ rating with the BBB.

Nearly all complaints are in reference to customer accounts being closed without notice and those customers struggling to get their funds returned. Other common complaints are about cards not working, accounts being suspended or it taking weeks for supposed fraudulent charges to get resolved.

Aside from the large number of complaints, Chime does better in terms of customer reviews, maintaining a solid 4.05 customer star rating with the BBB. Most of the reviews are in reference to the Chime checking account, with customers praising the early direct deposit, SpotMe and the Chime app. On Trustpilot, Chime has mixed reviews, holding a 2.7-star rating. Most reviews are positive and in the same vein as BBB reviews.

How to contact support

You have three support options to reach Chime:

  • Chat with a representative by tapping the messaging icon in the app
  • Email
  • Call 844-244-6363

Frequently asked questions

How often does the Chime Savings account gain interest?

Chime Savings interest is paid monthly.

How much money can I put in a Chime Savings account?

The Chime checking account has a maximum balance limit of $10,000, but the savings account has no balance limit or minimums.

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.

More guides on Finder

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site