Chase Savings Account

Chase

Best for savers who value branch access and a well-known bank over APY.

0.01%APYFDIC Insured

Rate Details

Current APY0.01%
CompoundingDaily

Fees & Minimums

Monthly Fee$5 (waivable)
Min Opening Deposit$0
Min Balance (no fee)$300
Wire Transfer Fee$25

Features

✓FDIC Insured
✓Mobile App
✓Mobile Deposit
✓ATM Access
✗Check Writing
✓Joint Account
✗Sub-Accounts / Buckets
✓Automatic Transfers
✗No Minimum Balance

Overview

Chase Savings Account from Chase offers 0.01% APY with a $5/mo fee (waivable). Interest compounds daily and the account is FDIC insured.

Why We Like It

We like Chase Savings Account because it provides ATM access for quick withdrawals, supports automatic savings transfers, is FDIC insured for peace of mind.

Pros & Cons

Pros

  • Mobile app available
  • Mobile check deposit
  • ATM access included
  • Automatic savings transfers
  • FDIC insured

Cons

  • Very low APY compared to online banks
  • $5/mo maintenance fee
  • No check-writing privileges
  • No savings buckets or sub-accounts
Open Account at Chase

APY as of June 1, 2026