January 31, 2024

Does Chase Have a High Yield Savings?

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Curious if Chase offers a high-yield savings account? Read on to find out.

Chase is one of the biggest banks in the US. They offer various products, ranging from personal banking to investing and more. However, there may be some limitations to what they offer.

So, let's find out: Does Chase offer high-yield savings?

Does Chase Have a High-Yield Savings?

No. Chase currently does not offer a high-yield savings account. However, it has Chase SavingsSM and Chase Premier SavingsSM, which are its main savings options with standard rates.

Like other large traditional retail banks, Chase's savings accounts are very low. In comparison, online banks with low overhead costs usually offer significantly higher rates on their high-yield savings.

Chase SavingsSM vs Chase Premier SavingsSM

Here's a quick look at the Chase SavingsSM and Chase Premier SavingsSM accounts:

  • Chase Savings: 0.01% APY. $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account, OR a linked Chase College Checking for Overdraft Protection, OR a linked qualifying 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.

To earn the relationship rate, you must link your Chase Premier SavingsSM account to your Chase Premier Plus CheckingSM or Chase SapphireSM Checking account. Then, make a total of 5 transactions with your linked Chase checking account every month.[1]

Which factor is most important to you when choosing a savings account?

Fees to Look Out For

Both Chase SavingsSM and Chase Premier SavingsSM have monthly service fees that can be waived.[2]

For Chase SavingsSM, you can avoid the $5 monthly service charge by meeting any of the following:

  • Are under 18 years old
  • A daily balance of $300 or more in your account
  • $25 or more in Autosave from your personal Chase checking account
  • Link your Chase College CheckingSM account for Overdraft Protection
  • Link your Chase Premier Plus CheckingSM, Chase SapphireSM Checking, or Chase Private Client CheckingSM account

With Chase Premier SavingsSM, you can skip the $25 monthly fee by doing either of these two:

  • Keep a daily balance of $15,000+
  • Link your Chase Premier Plus CheckingSM or Chase SapphireSM Checking account

How Chase Savings Compares

Pros and Cons


  • Fees can be waived
  • FDIC-insured up to $250,000
  • No initial deposit requirement
  • Option to link to a checking account


  • Very low rates
  • Monthly service fee of $5 or $25

Can You Lose Money with a Chase Savings Account?

No, you typically won't lose any money with a Chase savings account. Both Savings and Premier accounts are safe because Chase is an FDIC member (Cert #628).

This means deposits are insured up to $250,000 per depositor, per ownership category.

But you can still lose a bit of your balance to monthly maintenance fees if you are unable to waive them.

Is a Chase Savings Account Worth It?

If your goal is to earn money through high rates, then Chase's savings accounts may not be worth your time. You're better off checking other options like online banks or credit unions.

However, if you're looking for a savings account that is convenient, easily accessible, and reliable, then Chase is a great choice.

How to Open a Chase Savings Account

You can open a Chase savings account either online or at one of their physical branches.

Here's the step-by-step process on how to do it through their website:

  1. Go to Chase' Savings page.
  2. Click Open Now on your preferred savings product.
  3. Answer the application form with your personal information.
  4. Set up your online banking details and fund your account.

How to fund a Chase savings account?
You can easily fund your savings account if you have a linked personal Chase checking account. If not, you can also fund it either by transferring funds from an existing Chase account or from an external bank account.[3]

Bottom Line

While Chase doesn't currently offer a high-yield savings account, you can consider Chase SavingsSM or Chase Premier SavingsSM if you're determined to open an account with them.

The rates aren't that great, and you may have to pay monthly charges. But you will be banking with ease and convenience through their wide presence nationwide and online.

However, if you are on the hunt for high rates, it would be best to explore other options such as online banks and credit unions.


  1. ^ Chase. Chase Premier Savings Interest Rates, Retrieved 12/07/2023
  2. ^ Chase. Additional Banking Services and Fees, Product Features and Addendum, Retrieved 11/17/2023
  3. ^ Chase. Add money to your account, Retrieved 11/17/2023
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/24/2024
  • 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
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
  • 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 9/30/2024.
  • To qualify, open a new eligible 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 eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, 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.
Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 9/12/2024

To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC

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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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CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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