Review: Chase Bank CD Interest Rates
We Believe in Financial Well-Being.
We believe everyone should have free access to information in order to make smarter financial decisions. Although our site doesn’t showcase every company or financial product available in the market today, we're confident in our recommendations, many of which are from our advertising partners, to help guide you on your financial journey. Free of charge for you.
Instead of charging you money, we're compensated by our partners and third-party advertisers. This compensation, along with our proprietary algorithms, may, at times, influence the products we decide to review, discuss, and their position on our site or the order in which they appear.
This article and the comparison table are not personal financial advice. While we provide information resources and educational pieces, the content here is not a substitute for personal financial guidance from a registered financial advisor.
Compare With
APY
0.05%
6 Month Term
Chase Bank Details
- Certificate of Deposit
- Term: 6 Months
- Minimum Opening Deposit: $10,000 for APY
- 0.05% APY
- Offers lower minimum deposit of $1,000 for 0.02% APY
- Must have a linked Chase personal checking account to receive these rates. Otherwise, you'll receive 0.01% APY
Not Recommended.
Shown For Comparison Purposes Only.
Chase Bank is one of the nation’s most popular and largest banks. They offer a full suite of banking products, but if you want the highest interest rate for your certificate of deposit, look elsewhere.
Chase Bank offers one of the lower rates available at 0.05% APY. However, you can only get that rate with a deposit of $10,000 or more. Most of the time, people have to settle for a 0.01%.
This is so low, that our account recommendations below offer more than 100x this rate.
Open a CD with One of Our Partners Below & Earn 2x More Than Chase Bank
3.50% APY
On Raisin's Secure Site
for Western Alliance Bank,
FDIC Insured
Best For: Shorter Term + High APY
Term: 6 Months
APY: 3.50%
Western Alliance Bank offers 3.50% APY exclusively through the Raisin Platform on their 6 month CD.
Interest compounds daily and is posted to your account monthly.
This CD is a great fit if you're looking for a high APY but want access to your money sooner than other CD terms.
In addition to this high APY, Western Alliance offers $0 monthly maintenance fees and is insured by the FDIC for up to $250,000 per depositor.
Customer service is located in New York, they are available via phone or email. You'll also have 24/7 access to your account and funds.
Western Alliance Bank was founded in 1994 and is consistenly ranked among the top banks. They were ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens.
Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, $500 bonus for $50K deposited or $1,000 bonus for $100K deposited or more. Use promo code EASY at sign-up.
See Raisin's Secure Site for Western Alliance Bank to Get More Details.
4.00% APY
On Discover Bank's Secure Site,
Member FDIC
Best For: Online Banking Experience + Customer Service
Term: 12 Months
APY: 4.00%
Discover Bank offers 4.00% APY with no monthly fees and no minimum deposit required to open an account on their 12 Month CD.
Discover Bank is one of the first online focused banks to offer no monthly fees and what they call "No. Fees. Period."
Deposits are insured through the FDIC for up to $250,000 per depositor and if you have any questions Discover offers 100% U.S.-based Customer Service Available 24/7.
Interest compounds daily so lock in your 12 Month CD rate today & start earning guaranteed interest now.
See Discover Bank's Secure Site For More Details.
To recap our recommendations.
Best Certificate of Deposits According To CompareAccounts™
Western Alliance Bank® High-Yield CD: 3.50% APY - 6 Month Term - Earn up to $1,000 with Promo Code: EASY
Discover® Bank Certificate of Deposit Account: 4.00% APY - 12 Month Term
Customers Also Viewed These Savings Accounts
Up to $300 Bonus
up to APY
Annual Percentage Yield (APY)
- Checking & Savings Account
- Min. to Open: $0
- Bonus: up to $300 with Direct Depositⓘ
- Up to 4.50% APY on Savings Balances with Qualifying Activities
- $0 Monthly Fees
- FDIC Insured up to $250,000
- Up to $3,000,000 of additional FDIC insurance through a network of participating banks
- Limited Time Offer:
+0.70% Boost to 4.50% APY for up to 6 Months on New Accounts with Eligible Direct Deposit. - Terms Apply
- See Site for Details
1. Up to $300 Bonus Tiered Disclosure
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 4.50% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 4.50% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
3. Fee Policy
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
4. Additional FDIC Insurance
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms See list of participating banks at SoFi.com/banking/fdic/receivingbanks
5. ATM Access
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
6. Early Access to Direct Deposit Funds
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
7. Overdraft Coverage
Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
8. 0.70% Savings APY Boost
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
On SoFi's Secure Site,
Member FDIC
APY
3.50%
Annual Percentage Yield (APY)
- High Yield Savings Account
- Min. to Earn APY: $0
- Min. to Open: $0
- 3.50% APY
- APY as of October 06, 2025
- Interest Compounded Daily
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the Service & Reliability of American Express
- Terms Apply
- See Site for Details
On American Express National Bank's Secure Site, Member FDIC
*National Savings Rate Average as published by FDIC
History of Chase Bank
Chase Bank has its roots dating back to 1799 when it was established as The Bank of the Manhattan Company in New York City. Throughout the 19th and 20th centuries, the bank underwent several mergers and acquisitions, allowing it to expand its presence and offerings. One of its most significant mergers was in 1955, when The Bank of the Manhattan Company merged with The Chase National Bank, which was established in 1877. This merger resulted in the creation of The Chase Manhattan Bank, which went on to become one of the largest banks in the country.
In 2000, The Chase Manhattan Bank merged with J.P. Morgan & Co., resulting in the creation of JPMorgan Chase, which is now one of the largest investment banks in the world. The bank has continued to expand through mergers and acquisitions, including the acquisition of Washington Mutual during the 2008 financial crisis. This acquisition further solidified JPMorgan Chase’s position as one of the largest banking institutions in the country.
Today, Chase Bank is a multinational investment bank and financial services company that offers a wide range of products and services, including checking and savings accounts, mortgages, personal loans, credit cards, and investment options. The bank operates in several countries around the world, including the United States, Europe, and Asia, and is known for its innovative and user-friendly approach to banking. Whether you’re a small business owner, a student, or a retiree, Chase Bank has something to offer for everyone. However, if you’re looking for a CD, you should open an account with a different bank.
Chase Certificates of Deposit Interest Rates
Certificates of Deposit (CDs) earn a fixed interest rate. A $1,000 minimum is required to open a CD. Please schedule a meeting to open a CD greater than $1,000,000. The Annual Percentage Yields (APYs) below are CD relationship rates available to our customers with a linked Chase personal checking account. APYs are subject to change without notice. Web site rates are generally updated each business day in the morning and rates may vary by market. CD and Retirement CD interest is compounded daily. You may choose, depending on the term, to have your CD interest paid monthly, quarterly, semi-annually or annually and at maturity. Penalties may apply to withdrawals made prior to maturity. Please see the Deposit Account Agreement and rate sheet for more information and non-relationship standard rates.
source: https://www.chase.com/personal/savings/bank-cd#rates
This information may be outdated, please visit the web page above to get the most up to date information.
Chase Relationship CD Rates
| CD TERM | $0 – $9,999.99 | $10K – $24,999.99 | $25K – $49,999.99 | $50K – $99,999.99 | $100K – $249,999.99 | $250K+ |
| 1-Month | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| 2-Month | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| 3-Month | 2.00% | 3.50% | 3.50% | 3.50% | 4.00% | 4.00% |
| 6-Month | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 9-Month | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 15-Month | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 18-Month | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 21-Month | 0.02% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| 24-Month | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 30-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 36-Month | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% | 2.00% |
| 42-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 48-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 60-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 84-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
| 120-Month | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Chase CD Rates Pros:
Pros:
- Lower minimum deposit of $1,000 available albeit at a lower APY of 0.02%
- Linked Chase personal checking account holders can access these rates
Chase CD Rates Cons:
Cons:
- The APY is significantly lower at 0.05% with a minimum deposit of $10,000
- Without a linked personal checking account, the APY falls to 0.01%
- Rates are much lower compared to other options, as the reviewed account recommendations offer over 100 times the rate provided by Chase
Chase Bank Publicly Traded Company:
JPMorgan Chase & Co., the parent company of Chase Bank, is a publicly traded company, with its shares listed on the New York Stock Exchange (NYSE) under the ticker symbol “JPM”. As a public company, JPMorgan Chase is subject to the regulations and requirements of the Securities and Exchange Commission (SEC), and it must disclose financial and other information to the public on a regular basis.
JPMorgan Chase is one of the largest financial institutions in the world and is considered a bellwether for the financial industry. The company’s stock price and performance are closely watched by investors, analysts, and the financial media. In recent years, JPMorgan Chase has been consistently profitable, and its stock has performed well, reflecting the company’s strong business model and its position as a leading player in the financial industry.
Investing in JPMorgan Chase and other publicly traded companies can be an effective way for individuals to grow their wealth over time, as the stock prices of these companies have historically increased over the long term. However, it’s important to keep in mind that investing in the stock market involves risk, and past performance is not a guarantee of future results. Before making any investment decisions, it’s important to do your research and consult with a financial advisor.
General Process of Opening a Certificate of Deposit with Chase:
The process of opening a certificate of deposit (CD) account with Chase Bank is fairly straightforward and can typically be completed in a few steps:
-
Research: Before opening a CD account, you may want to research the different CD options offered by Chase Bank, including terms, interest rates, and minimum deposit requirements.
-
Apply: You can apply for a CD account online, by phone, or in person at a Chase Bank branch. You’ll need to provide personal information, such as your name, address, and Social Security number, and may be required to complete additional forms or provide documentation to open the account.
-
Fund the account: To open a CD account, you’ll need to make an initial deposit, which is typically a minimum of $1,000. You can make this deposit by transferring funds from an existing Chase account, or by using a debit or credit card, wire transfer, or ACH transfer.
-
Account activation: Once you’ve made your initial deposit, your CD account will be activated and you’ll start earning interest on your deposit. You can access your account information online, through the Chase mobile app, or by visiting a Chase Bank branch.
-
Maturity: At the end of the term of your CD, your deposit will mature and your funds will be available for withdrawal, subject to any penalties for early withdrawal. You can either withdraw your funds or roll over the balance into a new CD account.
It’s important to keep in mind that CD interest rates and terms can vary based on the type of account you choose and the amount of your deposit. It’s a good idea to compare different CD options offered by Chase Bank and other financial institutions to find the best option for your needs.
Chase Bank Controversies:
JPMorgan Chase & Co., the parent company of Chase Bank, has been involved in several controversies and scandals over the years. Some of the most notable include:
-
2008 financial crisis: JPMorgan Chase was one of the largest banks to receive a government bailout during the 2008 financial crisis. The bank was also criticized for its role in the crisis, including its involvement in the sale of mortgage-backed securities that contributed to the housing market collapse.
-
Foreclosure practices: In 2011, JPMorgan Chase reached a $25 billion settlement with the U.S. government over allegations of illegal foreclosure practices, including the use of “robo-signing” to process foreclosures without proper review.
-
Credit card practices: In 2013, JPMorgan Chase agreed to pay $309 million to settle allegations that it engaged in illegal credit card practices, including charging customers for services they didn’t receive and making false promises about debt reduction services.
-
Libor manipulation: In 2013, JPMorgan Chase agreed to pay $920 million to settle allegations that it manipulated the London Interbank Offered Rate (Libor), a benchmark interest rate used to set the prices of trillions of dollars in loans and financial contracts.
-
Data breaches: In 2014, JPMorgan Chase announced that the personal information of 76 million households and 7 million small businesses had been compromised in a data breach, one of the largest in history.
These are some of the most significant controversies and scandals involving JPMorgan Chase and Chase Bank. It’s important to keep in mind that financial institutions can be subject to regulatory actions and fines, and that these actions do not necessarily reflect the overall quality or reputation of the institution. Before making any financial decisions, it’s important to do your research and consider all the relevant information.
Were CDs Part of Any Chase Controversies?
No, CD (certificate of deposit) accounts were not directly involved in any of the above listed controversies.
What has Chase Bank Done to Improve Its Relations with Its Customers?
In response to the various controversies and scandals that it has faced over the years, JPMorgan Chase & Co., the parent company of Chase Bank, has taken several steps to regain customer trust and improve its reputation:
-
Improving risk management and compliance: JPMorgan Chase has invested in technology and processes to improve its risk management and compliance systems, including enhanced data security and fraud detection measures.
-
Enhancing transparency: The bank has worked to improve its transparency by providing clearer and more comprehensive disclosures to customers, including information on fees, interest rates, and other terms and conditions.
-
Focusing on customer satisfaction: JPMorgan Chase has made customer satisfaction a priority, with initiatives aimed at improving the customer experience, such as offering mobile banking and investment services, and enhancing its digital platform.
-
Supporting communities: The bank has also made a commitment to supporting communities through charitable giving, volunteering, and economic development initiatives, with the aim of building stronger relationships with customers and communities.
-
Paying fines and settlements: JPMorgan Chase has paid significant fines and settlements in connection with various scandals, which can help to restore confidence in the bank’s ability to comply with regulations and address any misdeeds.
These are some of the key steps that JPMorgan Chase and Chase Bank have taken to regain customer trust and improve their reputation. While it can take time to rebuild trust after controversies and scandals, it’s important for financial institutions to be proactive in addressing concerns and demonstrating their commitment to their customers.
See More CD Rates by Term & Type
Compare the best rates for various CD terms and types:
See More Reviews
American First Federal Credit Union Review
Chase Bank Savings Account Review
Blue Federal Credit Union Review
CIT® Bank Savings Account Review
Blue Federal Credit Union CD Rates Review
Western Alliance Bank® High-Yield Savings Premier Account Review
Chase Bank CD Rates FAQ
What is the minimum deposit amount to open a Chase CD?
The minimum deposit amount required to open a Chase CD with an APY of 0.05% is $10,000. However, Chase also offers a lower minimum deposit of $1,000, but at a reduced APY of 0.02%.
Is Chase a good choice for a savings or CD account?
Chase might not be the best choice for a CD or savings account if your primary goal is to earn high-interest rates, as their rates are significantly lower compared to other banks.
However, if you value other services or features such as a vast branch network, robust online banking, or customer service, Chase could still be a viable option. It’s essential to weigh the interest rates against other factors that are important to you when making a decision.
Who is a Chase CD right for?
A Chase CD might be suitable for individuals who already bank with Chase and appreciate the convenience of managing all their finances in one place. It could also be right for those who prefer banking with a well-established institution and value customer service and a wide branch network over high-interest rates.
Lastly, individuals who can afford the higher minimum deposit of $10,000 to obtain the 0.05% APY may find a Chase CD suitable, although there are other banks offering higher interest rates with similar or lower deposit requirements.
Conclusion of Chase Bank CD Interest Rates:
Chase Bank stands as a reputable pillar in the financial sector, with a broad spectrum of banking solutions to cater to a diverse clientele. However, when it comes to Certificate of Deposit (CD) interest rates, Chase falls noticeably short of expectations with an APY of merely 0.05% for a substantial minimum deposit of $10,000. This starkly contrasts with the competitive rates offered by other banking institutions. Consequently, for customers whose primary aim is to garner higher returns from their CDs, the road may lead them to explore alternative banks where their financial aspirations can find more fertile ground.
Before You Go, Don't Miss This High Yield CD
12 Month Term
APY
4.00%
On Discover Bank's Secure Site, Member FDIC