Chase Bank CD Rates
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Are Chase CD rates any good? You might find better options elsewhere. Find out more.
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Chase offers a convenient banking experience thanks to their extensive catalog of products. But, if you're after high CD interest rates, Chase might not offer the best options.
They offer CDs with a decent APY and terms that go up to 120 months. Read on to learn more about Chase CDs and its features.
What Chase CD's are available?
Currently, Chase only offers regular CDs, but they give different rates for existing customers when they meet certain criteria. Here are the types of CD rates that Chase offers:
- Relationship CD Rates: Available for customers with a linked Chase personal checking account
- Standard CD Rates: Available for new customers of Chase
Do note that Chase Relationship CD Rates are typically higher than Standard Rates. With that, here's an overview of the different features of Chase CDs:
| CDs Available | Standard, Relationship |
|---|---|
| Minimum Deposit | $1,000 |
| Terms | 1-120 months |
| Interest Payments | Monthly, Quarterly, Semiannually, Annually, or at Maturity (depending on the term) |
| Early Withdrawal Penalty* | Terms < 6 months: lower of interest earned or 90 days' interest Terms 6 months to < 24 months: lower of interest earned or 180 days' interest Terms 24 months or more: lower of interest earned 365 days' interest |
| Grace Period | 10 days after maturity |
| FDIC-Insured | Yes |
A minimum deposit of $1,000 is required to open a CD at Chase.
Chase Relationship CD Rates
Chase's Relationship CD Rates are for existing customers who also have a Chase Personal Checking Account and offer better rates than their standard rates.
They also have various terms ranging from 1 month to 120 months which have similar rates even with different balance tiers.
Chase: Certificate of Deposit (Relationship Rates)
| Terms | APY |
|---|---|
| 1 Month | 0.02% |
| 2 Months | 4.50% |
| 3 Months | 2.00% |
| 6 Months | 3.00% |
| 9 Months | 4.25% |
| 12 Months | 2.00% |
| 15 Months | 2.50% |
| 18 Months | 2.50% |
| 21 Months | 2.50% |
| 24 Months | 2.50% |
| 30 Months | 2.50% |
| 36 Months | 2.50% |
| 42 Months | 2.50% |
| 48 Months | 2.50% |
| 60 Months | 2.50% |
| 84 Months | 2.50% |
| 120 Months | 2.50% |
Rates are for zip code 91107, and may vary per location. Rates are for balances below $10,000. The information for the Certificate of Deposit account has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
But, if you want to earn more, you can open a Chase Relationship CD with a featured term.
Chase: Certificate of Deposit (Relationship Rates)
| Featured Terms | APY |
|---|---|
| 2 Months | 4.50% |
| 6 Months | 3.00% |
| 9 Months | 4.25% |
Rates are for zip code 91107, and may vary per location. Rates are for balances below $10,000. The information for the Certificate of Deposit account has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Ultimately, the wide range of CD terms allows you to be more flexible about how long you want to keep a CD at Chase.
Chase has three CD account balance tiers available only for Relationship CD rates. Rates may vary depending on the tier.
- $1,000 to $9,999
- $10,000 to $99,999
- $100,000 or more
Chase Standard CD Rates
If you are a new Chase customer and do not have a Personal Checking Account with them, you can only get Standard Rates on your CD for now. Unfortunately, the rates can be quite low–even lower than the national average[1].
Chase: Certificate of Deposit (Standard Rates)
- 0.01% APY on all terms
- Terms available are 1 to 120 months
- $1,000 minimum opening deposit
The information for the Certificate of Deposit account has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
You can pick the same CD lengths with Standard Rates, which gives you some flexibility. But for higher earnings, you might want to check out CDs from different banks instead of Chase.
How Chase CDs Compare
Certificate of Deposit
- 4.70% APY for 12-month term
- 4.40% APY for 18-month term
- 3.75% APY for 36-month term
- 3.75% APY for 5-year term
CIT Bank No Penalty CD - 3.50% APY
- 3.50% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CD Rates - Up to 5.05% APY
- $500 minimum opening deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 6 Month | 5.05% APY |
| 12 Month | 4.50% APY |
| 24 Month | 4.50% APY |
| 36 Month | 4.40% APY |
| 60 Month | 4.30% APY |
Alliant Credit Union CD Rates
- Low minimum deposit of only $1,000; no maximum
- Jumbo certificates may be available for a higher rate if you deposit $75,000 or more
- Funds are insured up to $250,000 by NCUA
| Term | APY |
|---|---|
| 3-month | 4.25% |
| 6-month | 5.00% |
| 12-month | 5.15% |
| 18-month | 4.90% |
| 24-month | 4.30% |
| 36-month | 4.20% |
| 48-month | 4.05% |
| 60-month | 4.00% |
5-Month High-Yield CD - 5.00% APY
- $1 minimum deposit
- 24/7 online access
- Federally insured by NCUA
Fees & Penalties
To maximize your earnings, you want to hold off withdrawing your CD until maturity. But if you do withdraw early, you can expect penalties.
For Chase's CDs, here are the early withdrawal penalties by CD term[2].
- Terms less than 6 months: 90 days interest on the amount withdrawn or the total interest earned, whichever is lower.
- Terms 6 months to less than 24 months: 180 days interest on the amount withdrawn or the total interest earned, whichever is lower.
- Terms 24 months or more: 365 days interest on the amount withdrawn or the total interest earned, whichever is lower.
If you withdraw your CD within 7 days of opening the CD, you will be charged at least 7 days' worth of interest on the amount withdrawn.
No, usually you cannot do partial withdrawals on your Chase CD before maturity. Otherwise, you need to pay early withdrawal penalties.
But Chase might let you waive early withdrawal penalties for reasons like the CD owner has passed on or if the CD is being moved into a living trust.[3]
Chase CDs Pros & Cons
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| © CreditDonkey |
Check out Chase CD's pros and cons to better decide whether you should open a CD at Chase.
Pros
- No monthly service fees
- No account opening fees
- Wide range of CD terms available
- Daily compounding interest
- FDIC insurance for up to $250,000
Cons
- APY is relatively low
- $1,000 minimum for all CDs
- Must have linked checking account for higher APY
- $100,000 minimum required to get higher APY
- IRA CDs no longer open to new applicants
- Early withdrawal penalties
Can You Lose Money with a Chase CD?
CDs are generally one of the safest investments so you can't really lose money with it. Additionally, Chase is an FDIC-member bank which means deposits are insured up to $250,000.
The only way you can really lose money is when you are subjected to penalties for taking your money out prematurely. Early withdrawal fees can eat into your earnings.
How to Open a CD with Chase
You can open a CD at Chase online if you are already an existing customer. Here's how you can open a CD online:
- Log in to your Chase account online.
- Go to Open an Account and select CDs.
- Select your preferred term and amount to deposit.
- Fund your CD.
If you are not banking with Chase yet, you can open a Chase Personal Checking account online first, or visit a Chase branch near you to open a CD.
You can easily fund your CD once you have a linked Chase Personal Checking account. To fund your Chase CD, you can either transfer funds from an existing Chase account or from an external bank account[4].
How to Withdraw Upon Maturity
Most banks will send you a notice several days before your CD matures. Chase lets you check the maturity date of your CD by logging into your account on their website or on the Chase Mobile app[5]. Prior to maturity, it's best to decide what to do with your CD already.
Here are your options:
- Close the CD and withdraw all funds
- Add deposit to the CD or withdraw a part of the CD
- Change the CD term
- Automatic renewal
Chase gives you a 10-day grace period after the maturity date for CD terms of 14 days or longer.[6] Make sure you contact Chase about your plans during this period. Otherwise, the CD will automatically renew and you will need to pay penalties to close the CD.
You can reach out to their customer service, schedule a meeting, or visit a nearby Chase branch.
You can call Chase at 1-800-935-9935 to discuss your CD or other personal banking concerns and inquiries. Their lines are available 24/7. You can also contact them via Chase's Secure Message Center with your online account.
Chase CD Ladders
If you have a linked Chase Private Client CheckingSM account, a dedicated banker can help you set up a CD Ladder[7]. This is a strategy where you split your money into multiple CDs to have them mature at regular intervals to give you more flexibility with your money.
At Chase, you will have a 12-month CD Ladder with four CDs opened at the same time with the same amount. The CD terms will be 3, 6, 9, and 12 months. Each time a CD matures every three months, it will be automatically renewed and will be reinvested into a new 12-month CD.
The rates offered on CD Ladders can vary depending on the account balance tier. But the rates may not be as attractive. You might be better off building your own ladder at banks offering CDs with higher APY.
Chase Offers
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
Chase Business Complete Banking® - $300 Bonus
- Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive $15 service fee and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- No Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Private Client - Up to $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000. - No ATM fees worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
Frequently Asked Questions
What are Chase CD rates right now?
Chase CDs may not have the best rates in the market. If you are already banking with them you might be able to get some okay Relationship Rates.
What is Chase CD term?
Chase offers a wide range of CD terms starting from 1-month all the way up to 10 years. However, the rates on their CDs are quite low.
When can I withdraw from Chase CD?
Generally, you cannot withdraw from your Chase CD until it matures. Otherwise, you need to pay early withdrawal penalties. Check your CD's maturity date by logging into your account on the Chase website or Chase Mobile App.
Is Chase CD good?
Chase CDs are generally lower than most of the top CD offerings on the market–lower even than the national average.
Bottom Line
Chase CDs may not have the best rates in the market even with their Relationship CD Rates. But, Chase is a good choice if you prefer having the convenience and accessibility.
To score higher APY on a CD, try looking at online banks and credit unions instead.
References
- ^ FDIC. National Rates and Rate Caps, Retrieved 10/08/2023
- ^ Chase. Are there early withdrawal fees or penalties associated with a Chase CD?, Retrieved 10/08/2023
- ^ Chase. Deposit Account Agreement and Privacy Notice, Retrieved 10/08/2023
- ^ Chase. Add money to your account, Retrieved 10/08/2023
- ^ Chase. CD Maturity, Retrieved 10/08/2023
- ^ Chase. FAQ: What is my maturity date and grace period?, Retrieved 11/16/2023
- ^ Chase. Private Client: CD Ladders, Retrieved 10/08/2023
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Personal Checking Account - $200 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Rue Atanacio is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Rue Atanacio at rue.atanacio@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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