The best Chase CD rates are available to Chase checking customers and range from 3.00% to 5.00% APY with a minimum deposit requirement of $1,000.
Chase Bank CD Rates (May 2024)
Written by:
Christopher Murray
Christopher Murray
Edited by:
Rashawn Mitchner
Rashawn Mitchner
Updated:
May 29, 2024
Key Takeaways:
- Chase’s best certificate of deposit (CD) rates are for featured CDs with relationship rates, which have an annual percentage yield (APY) ranging from 3.00% to 4.75% APY.
- You can earn higher relationship rates with a linked Chase checking account, otherwise you’ll get the same low 0.01% APY for every CD term.
- Chase’s relationship APYs are more competitive than some big bank CD rates, though you can find better yields with many online banks.
Chase Bank offers standard savings accounts, along with CDs. If you have a Chase checking account, a CD could get you an APY that’s well above the national averages for deposit accounts, though there are financial institutions that pay higher rates.
In this article, we at the MarketWatch Guides team will explain the options available for Chase CDs, including term lengths and account requirements. You can also read more about Chase’s financial products in our Chase Bank review.
Compare Chase CD Rates
Chase’s standard CD rates are lower than our top-rated banks.
6-Month CD APY*
0.01%
12-Month CD APY*
0.01%
24-Month CD APY*
0.01%
|
6-Month CD APY*
4.80%
12-Month CD APY*
4.80%
24-Month CD APY*
4.20%
|
6-Month CD APY*
5.10%
12-Month CD APY*
5.00%
24-Month CD APY*
4.20%
|
6-Month CD APY*
4.25%
12-Month CD APY*
4.70%
24-Month CD APY*
4.00%
|
| Savings Account | 6-Month CD APY* | 12-Month CD APY* | 24-Month CD APY* | Visit Site | See Rates |
|---|---|---|---|---|---|
| 0.01% | 0.01% | 0.01% | |||
| 4.80% | 4.80% | 4.20% | |||
| 5.10% | 5.00% | 4.20% | |||
| 4.25% | 4.70% | 4.00% |
| Savings Account | 6-Month CD APY* | 12-Month CD APY* | 24-Month CD APY* | Visit Site | See Rates |
|---|---|---|---|---|---|
| 0.01% | 0.01% | 0.01% | |||
| 4.80% | 4.80% | 4.20% | |||
| 5.10% | 5.00% | 4.20% | |||
| 4.25% | 4.70% | 4.00% |
*Rates accurate as of 5/21/24
Chase CD Rates
Chase CDs are available in terms ranging from one month to 10 years. Every term option has a minimum deposit amount of $1,000. There are two types of Chase CD rates available depending on whether you have a checking account with the bank:
- Standard rate: If you don’t have a Chase personal checking account, the bank offers a standard APY for every CD term and deposit amount.
- Relationship rate: If you have a linked Chase personal checking account, you’ll qualify for higher relationship interest rates.
The relationship rates in the tables below are for CDs in the $1,000 to $9,999 tier. Chase may offer higher APYs for some CD terms with balances of $100,000 or more.
To earn the highest CD rates, you’ll generally need to choose a term longer than one year.
| Chase CD | Standard APY* | Relationship APY* | $1,000 Deposit at Close of Standard CD | $1,000 Deposit at Close of Relationship CD |
|---|---|---|---|---|
| 1 month | 0.01% | 0.02% | $1,000.01 | $1,000.02 |
| 3 months | 0.01% | 2.00% | $1,000.04 | $1,008.29 |
| 12 months | 0.01% | 2.00% | $ 1,000.05 | $1,023.37 |
| 15 months | 0.01% | 2.50% | $1,000.14 | $1,035.60 |
| 18 months | 0.01% | 2.50% | $1,000.17 | $1,042.01 |
| 21 months | 0.01% | 2.50% | $1,000.19 | $1,048.47 |
| 24 months | 0.01% | 2.50% | $1,000.24 | $1,061.49 |
| 30 months | 0.01% | 2.50% | $1,000.29 | $1,074.68 |
| 36 months | 0.01% | 2.50% | $1,000.34 | $1,088.03 |
| 42 months | 0.01% | 2.50% | $1,000.39 | $1,101.54 |
| 4 years | 0.01% | 2.50% | $1,001.00 | $1,280.08 |
| 5 years | 0.01% | 2.50% | $1,00.50 | $1,131.41 |
| 7 years | 0.01% | 2.50% | $1,000.70 | $1,188.69 |
| 10 years | 0.01% | 2.50% | $1,001.00 | $1,280.08 |
*APY accurate as of May 20, 2024. Rates may vary by location. Rates above are for New York.
Chase Featured CDs
These CDs have promotional rates, so the available term options might change periodically. For Chase customers who qualify for relationship rates, featured CDs generally provide the best combination of flexibility and higher rates.
| Chase Featured-Term CD | Standard APY* | Relationship APY* |
|---|---|---|
| 2 months | 0.01% | 4.25% on balances below $99,999 and 4.75% on $100,000+ |
| 6 months | 0.01% | 3.00% on all balances |
| 9 months | 0.01% | 4.25% on balances below $99,999 and 4.75% on $100,000+ |
*APY accurate as of May 20, 2024. Rates may vary by location. Rates above are for New York.
Chase CD Ladders
A Chase CD ladder packages four CDs together, each with the same deposit amount but different maturity dates. You must have a linked Chase Private Client Checking account to open this type of CD. Chase offers two options:
| Chase CD Ladder | Standard APY* | Relationship APY* |
|---|---|---|
| 4-month CD with 1-, 2-, 3- and 4-month terms | 0.01% | 0.02% on all balances |
| 12-month CD with 3-, 6-, 9- and 12-month terms | 0.01% | For 3-month terms, 0.02% on all balances For 6-, 9- and 12-month terms, 0.02% on balances of $1,000 to $9,999 and 0.05% on balances of $10,000+ |
*APY accurate as of May 20, 2024. Rates may vary by location. Rates above are for New York.
Chase CD Rates vs. Other Top Banks
Compared to other top banks, Chase falls in the middle of the pack for its APYs and $1,000 minimum deposit requirement. While other financial institutions have higher minimum deposits, many don’t have a minimum at all.
Here’s a look at how Chase CD rates compare to some of the best CD rates from other major financial institutions.
| Bank | APY for 1-Year CD* | Minimum Deposit | $2,500 Deposit Value at Close of CD |
|---|---|---|---|
| Bank of America | 4.00% (flexible CD) | $1,000 | $2,600.00 (flexible CD) |
| Capital One | 5.00% | None | $2625.00 |
| Chase | 0.01% (standard rate) or 2% (relationship rate) | $1,000 | $2,500.25 (standard rate) or $2,550 (relationship rate) |
| Citibank | 2.00% | $500 | $2,550.00 (fixed-rate CD) |
| Discover | 4.70% | $2,500 | $2617.50 |
| Synchrony Bank | 4.80% | None | $2620.00 |
*APY accurate as of May 20, 2024. Rates may vary by location. Bank of America rates are for Charlotte, N.C., and Chase and Citibank rates are for New York.
>> Related: Learn more about the best cd rates
Chase Bank CD: Who It’s Best For
Chase Bank offers competitive rates on select terms — as long as you qualify for relationship rates, which are much higher than Chase’s standard rates. You must have an eligible Chase personal checking account to earn relationship rates.
For example, Chase’s six-month CD has a standard APY of 0.01% and a relationship APY of 3.00%. If you’re already a Chase customer with a checking account, you’ll get a much better return on your money.
>> Related: Learn more about the best 6-month CD rates
Chase CDs: Additional Information
Chase Bank CD rates depend on the term, the deposit amount and whether you’re a Chase checking customer. Before choosing a Chase CD, consider these factors:
Minimum Deposit Requirements
Chase’s minimum opening deposit is relatively low at $1,000.
Balance Tiers
Chase has three main balance tiers:
- $1,000 to $9,999
- $10,000 to $99,999
- $100,000 or more
Chase’s standard rates are the same across all balance tiers. Relationship rates are relatively similar across all balance tiers, but depositing at least $100,000 for a two-month CD gets you the highest APY Chase currently offers.
Linked Checking Account Fees
To earn relationship rates, you need a linked Chase checking account. Most of these accounts have monthly fees, which range from $4.95 to $35. You can typically waive these fees by maintaining a certain balance.
Daily Compounding
Chase compounds interest on CDs daily and lets you choose when that interest is paid out:
- Monthly
- Quarterly
- Semiannually
- Annually
- At the maturity date
Early Withdrawal Penalty
Withdrawing any of your principal before your CD matures will require you to pay an early withdrawal penalty on the money you take out. The amount of the penalty is based on your CD term, and it won’t exceed the interest you’ve earned.
- CD terms of less than six months: 90 days’ worth of interest
- CD terms from six months to less than 24 months: 180 days’ worth of interest
- CD terms of 24 months or more: 365 days’ worth of interest
Additionally, if you withdraw money within seven days of making a principal withdrawal or opening a CD, you’ll pay at least seven days’ worth of interest.
>> Related: Learn more about how a CD works
Alternatives to Chase Bank CDs
While Chase doesn’t offer money market accounts, there are multiple Chase Bank savings accounts, each with different types of savers in mind.
Chase Savings
Chase’s most basic savings account provides features such as account alerts, access to more than 15,000 ATMs and an option to set up automatic transfers from a Chase checking account. You’ll also earn an interest rate of 0.01%, well below the 0.48% national average.
You’ll pay a $5 monthly fee unless you meet one of the following requirements:
- Minimum daily balance of $300
- At least $25 in repeating automatic transfers from your Chase checking account
- A Chase College Checking account linked for overdraft protection
- An account under 18 years old
- A linked Chase Premier Plus Checking, Chase Sapphire Checking or Chase Private Client Checking account
Chase Premier Savings
You’ll earn more interest with a Chase Premier Savings account if you qualify for relationship rates. To qualify, you’ll need to make at least five customer-initiated transactions in a linked Chase Premier Plus or Chase Sapphire checking account during each statement period.
You’ll get access to the same features available with Chase’s standard savings account. The Premier account’s monthly fee is $25, but you can waive this fee if you have a $15,000 minimum daily balance or by linking a Chase Premier Plus or Chase Sapphire checking account.
Chase Private Client Savings
This savings account requires linking an existing Chase Private Client Checking account. It comes with no monthly service fee.
>> Related: Learn more about best savings accounts of 2024
The Bottom Line: Is Chase Right for You?
Chase CD rates aren’t the highest on the market, but current Chase checking customers can earn better rates when they link their checking and CD accounts. Chase CDs do have a relatively affordable minimum deposit of $1,000 and a daily compounding schedule.
High-net-worth clients who qualify for relationship rates and have at least $100,000 to invest might also find value in Chase’s CDs, since they’ll earn the bank’s highest rates.
>> Related: Read our Chase review
FAQ: CD Rates at Chase
The current CD rates at Chase Bank vary depending on whether or not you qualify for relationship rates. You can qualify for a relationship rate if you have a linked Chase checking account. If you don’t qualify for a relationship rate with Chase, the standard rate is 0.01% APY for all CD terms.
Chase is currently offering three featured CDs with relationship rates between 3.00% and 5.00% APY depending on the term length and amount deposited. For Chase’s standard CDs, relationship rates range from 2.00% to 2.50% APY for three-month to 10-year CDs. One-month CDs have a relationship rate of 0.02% APY.
While the best CD rates frequently change, the highest-paying CDs are mostly from credit unions and online banks. The highest rate available today is 5.92% from Merchants Bank of Indiana.
Chase’s featured CDs offer the best CD rates on balances of $100,000 or more. Chase’s two-month CD offers 4.75% APY and its nine-month CD offers 4.75% APY.
**Data accurate at time of publication
Editor’s Note: Before making significant financial decisions, consider reviewing your options with someone you trust, such as a financial adviser, credit counselor or financial professional, since every person’s situation and needs are different.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.
