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Bank of America vs Chase

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Chase? Read our comparison chart below.

 Chase
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Bank of America

Chase

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Benefits and Features

Stock Trading 
Savings0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
CDStandard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000.Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking Chase Total Checking: Basic checking account. $12 service fee waived with an average beginning day balance of $1,500 OR direct deposits of at least $500 each month. $0 minimum balance to open.
Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Customer ServiceMon-Fri: 8am - 9pm(ET)
Sat: 8am - 8pm (ET)
Sun: 8am-5pm (ET)
 
ATMsOver 16,000 ATMs around the country. 
IRA CDStandard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.06% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000. 
Locations4600 retail financial centres around the country and brances in more than 40 other countries. 
 

CreditDonkey® Reviews

 Chase
Savings
CD
Checking
Customer Service
Mobile App
Pros & ConsPros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Pros:
  • Nearly 4,900 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Bottom LineNational bank with widespread accessibility and wide range of services... Read full reviewNational bank with good promotions for new customers... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Bank of America: Pricing information from published website as of 09/15/2020 based on 91107 zip code.

Chase: Pricing information from published website as of 07/02/2020

Which is Better: Bank of America or Chase?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or CIT Bank.

In short: Chase's checking is worth mentioning.


Articles on Bank of America


Articles on Chase


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