Chime Savings isn't available on Finder right now.
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A fintech company with some perks.
Chime Savings is packed full of features to help you grow your savings. Earn up to 1.00% Annual Percentage Yield (APY) automatically on all balances. Chime also has savings round ups, automatic paycheck contributions, no monthly fees and no balance requirements. You do need a Chime checking account to open the savings, but that account also has no monthly fees.
Best for: Existing Chime customers in need of a low-cost savings account with roundup features.
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 account comes with two automatic features called Round Ups and Automatic Savings.
The Round Up feature rounds up your purchases to the nearest dollar and transfers the extra into your Chime Savings account. The Automatic Savings feature allows you to opt in to automatically transfer 10% of each paycheck into your savings.
Getting the Chime savings account does require getting the Chime checking account, but the checking comes with a ton of perks.
Having the checking account and direct deposit of $200 per month may qualify you for Chime’s service MyPay® and Chime’s overdraft service SpotMe®.
There’s also the Chime Card™ with no APR that is unlocked by having the checking account. It doesn’t have any monthly or annual fees, 0% APR and reports payments to all three major credit bureaus. It’s designed to help build credit history, so you can only spend when you deposit from the Chime checking account.
And lastly, one of the other features worth mentioning is the ability to file your federal and state tax returns in the Chime app if you have an account. Chime’s tax filing doesn’t have any fees, and if you send your refund to your Chime account, you could receive it up to six days early.
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.
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 in-network MoneyPass, Allpoint and Visa Plus Alliance ATMs at no cost.
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.
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.
We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.
To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.
| BBB accredited | No |
|---|---|
| BBB rating | B- |
| BBB customer reviews | 4.23 out of 5 stars, based on 2437 customer reviews |
| Trustpilot score | 3.4 out of 5 stars, based on 10,509 customer reviews |
| Customer reviews verified as of | 29 May 2025 |
There is a lot of feedback for Chime. A few years ago, Chime had issues with sudden account closures due to issues with its fraudulent flagging system, causing customers to lose access to their money. As expected, this resulted in thousands of negative reviews and Better Business Bureau (BBB) complaints. However, Chime no longer has an alert on its BBB profile about account closures, and negative reviews have slowed down a lot.
There are still some customer complaints about locked or frozen accounts and issues with cards not working, but these are typical. Most people leave reviews or complaints on the BBB if something goes wrong, so we expected to see this. Chime also makes an effort to respond to BBB complaints.
Chime also gets a lot of positive feedback. The Chime checking and savings accounts receive high marks on Trustpilot and Reddit, mostly due to the easy-to-use app, lack of monthly fees, early direct deposit and SpotMe feature. Many new reviews also mention the Chime Card™, with customers saying it has helped them improve their credit history.
You have three support options to reach Chime:
Chime Savings interest is compounded daily, and interest is paid monthly.
The Chime checking account has a maximum balance limit of $10,000, but the savings account has no balance limit or minimums.
No, the overdraft service SpotMe doesn’t work with the Chime savings accounts. SpotMe can allow users to overdraft on their Chime checking account up to $200. The cash advance apps that work with Chime are also for the Chime checking 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.
Chime Savings is not currently available on Finder
Have you considered Synchrony High Yield Savings?
Bethany Finder
Banking editor
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