Chase vs Bank of America
Chase is a national bank with good promotions for new customers. How does it compare to Bank of America? Read our comparison chart below.
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Chase | Bank of America | |
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Chase Business $300 Bonus - | Advantage Plus Banking Checking Account - $100 Bonus - | |
Benefits and Features | ||
Savings | 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. | 0.01% 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. |
CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.05% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000. |
Checking | 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 Service | Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET) | |
ATMs | Over 16,000 ATMs around the country. | |
IRA CD | Standard Term CD: 0.03% APY. Terms of 6 month to 10 years. Minimum deposit of $1,000. Featured CD: 0.05% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000. | |
Locations | 4600 retail financial centres around the country and brances in more than 40 other countries. | |
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
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CD | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | National bank with good promotions for new customers... | National bank with widespread accessibility and wide range of services... |
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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. Chase: Pricing information and data points from published website as of 12/17/2020 Bank of America: Pricing information from published website as of 04/17/2021. based on 91107 zip code. |
Which is Better: Chase or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Chase or CIT Bank.
In short: Chase's checking is worth mentioning.