Chase Bank Review 2022 Bankrate
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
But you’ll probably find a much more competitive CD annual percentage yield (APY) at an online bank – even if the term doesn’t perfectly fit your financial goals.
Customers who deposit larger amounts in a CD may get a slightly higher interest rate, but it’s still below the national average rate.
Chase has the following early withdrawal penalties:
CDs with a term less than six months: 90 days of interest* CDs six months to less than two years: 180 days of interest* CDs with terms two years or longer: 365 days of interest*Early withdrawal penalties during the first six days or after an additional principal withdrawal can’t be less than seven days of interest.
*The penalty can’t exceed the total interest you earned during the term.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Set up direct deposits totaling $500 or more per month. Maintain an average daily balance of $5,000 in this account and linked qualifying deposits/investment accounts. Have at least $1,500 in your account at the start of each day.Chase customers have access to more than 16,000 ATMs. The bank charges a $2.50 $3 fee for using an out-of-network ATM in the U.S.
Customers can earn interest with the Chase Premier Plus Checking account, though the rate is negligible. With this account, though, customers can waive fees from non-Chase ATMs four times per statement period. Additionally, the bank will waive check fees, . The account’s $25 monthly service fee is waived with at least $15,000 in any combination of this account and linked qualifying deposits/investments. A Chase first mortgage linked to the account can also waive the monthly maintenance fee.Chase regularly offers a who open a checking account. Be sure to check if the bank is offering a bonus before you open one.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Chase BankChase Bank Review 2022
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.On This Page
At a glance
3.5 Bankrate Score CDs Checking Savings About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Chase is a great option if you like having quick access to branches and ATMs — and you live where the bank operates.Highlights
24/7 Customer Service Digital Leader Large Branch Network Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
With a massive branch network and breadth of product offerings, Chase is often viewed as the country's signature banking institution. Customers can choose from a full range of banking services, including checking, savings and money market accounts, as well as CDs. But if you’re looking for a bank that pays competitive rates, you’ll want to look elsewhere.Pros
Chase has more than 4,700 branches and 16,000 ATMs. The bank’s mobile app is consistently high-rated. Chase often rewards new customers with bonuses for opening an account.Cons
Rates on Chase’s savings accounts and CDs are very low. The bank charges a $3 fee at out-of-network ATMs in the U.S. Chase’s basic accounts don’t reimburse out-of-network ATM fees.Chase Bank bank products
Savings CD Checking 2.7 Bankrate ScoreChase Bank savings overview
The Chase Savings account interest rate is well below the national average, and all balances receive the same APY. Customers should have no problem finding savings accounts that pay a higher yield, especially at . This account doesn’t have a minimum balance requirement. It charges a $5 monthly service fee, but customers can take some manageable steps to waive the fee, such as maintaining a $300 daily balance. A recurring $25 transfer from your Chase checking account to your Chase Savings account can also waive that monthly fee.For customers who have a “premier plus” relationship with the bank, the Chase Premier Savings account pays a slightly higher yield, but it’s also well below the national average. To earn the premier rates, customers must link their accounts to a Chase Premier Plus Checking or Sapphire Checking account and make at least five transactions in a monthly statement period using the linked checking account.Pros
The monthly fee is waived when customers meet one of a few manageable requirements. Chase’s autosave feature can help you create goals and effortlessly save for them.Cons
The yields on both savings accounts are very low. Customers must take monthly steps to earn the (still low) premier relationship APY. The Chase Premier Savings account has a $25 monthly maintenance fee if you don’t qualify to have it waived. Chase charges a $5 fee for each transfer or withdrawal from your Chase savings account that exceeds six during a monthly statement cycle. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 2.5 Bankrate ScoreChase Bank CD overview
Chase Bank CD term lengths range from one month CD to 10 years. Each CD requires a $1,000 minimum deposit. (Product offerings may vary by location.) Since Chase has so many CD terms, you should be able to get the exact term you want. At some banks, you might have to choose between a three-year CD and a four-year CD if you were looking for a 42-month CD. But you won’t have to do this at Chase.But you’ll probably find a much more competitive CD annual percentage yield (APY) at an online bank – even if the term doesn’t perfectly fit your financial goals.
Customers who deposit larger amounts in a CD may get a slightly higher interest rate, but it’s still below the national average rate.
Chase has the following early withdrawal penalties:
CDs with a term less than six months: 90 days of interest* CDs six months to less than two years: 180 days of interest* CDs with terms two years or longer: 365 days of interest*Early withdrawal penalties during the first six days or after an additional principal withdrawal can’t be less than seven days of interest.
*The penalty can’t exceed the total interest you earned during the term.
Pros
Chase offers a wide range of CD terms.Cons
Chase’s CD rates are very low. Even the higher rate for bigger balances is below the national average. Some banks have lower minimum opening deposit requirements. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 4.2 Bankrate ScoreChase Bank checking overview
Chase’s Total Checking account doesn’t have a minimum deposit requirement to open the account. The account doesn’t pay interest. It also charges a $12 monthly service fee, but there are a couple of ways to waive it:Set up direct deposits totaling $500 or more per month. Maintain an average daily balance of $5,000 in this account and linked qualifying deposits/investment accounts. Have at least $1,500 in your account at the start of each day.Chase customers have access to more than 16,000 ATMs. The bank charges a $2.50 $3 fee for using an out-of-network ATM in the U.S.
Customers can earn interest with the Chase Premier Plus Checking account, though the rate is negligible. With this account, though, customers can waive fees from non-Chase ATMs four times per statement period. Additionally, the bank will waive check fees, . The account’s $25 monthly service fee is waived with at least $15,000 in any combination of this account and linked qualifying deposits/investments. A Chase first mortgage linked to the account can also waive the monthly maintenance fee.Chase regularly offers a who open a checking account. Be sure to check if the bank is offering a bonus before you open one.
Pros
There’s no minimum required to open the Total Checking account. It’s easy to meet requirements to waive the $12 monthly service fee. Chase regularly offers a sign-up bonus for its checking accounts. Chase doesn’t charge an overdraft fee as long as your account isn’t overdrawn by more than $50.Cons
The bank charges a $3 fee at out-of-network ATMs in the U.S. Chase still has non-sufficient funds (NSF) fees during a time when some of its competitors have reduced or eliminated these fees. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Chase offers access to more than 4,700 branches and 16,000 Chase ATMs. You’ll get access to a mobile app that greets you with a personalized photo based on your location. And you’ll have the ability to send money to anyone as well as pay your bills. You can also speak with a Chase representative 24 hours a day, 7 days a week. Chase Offers help Chase checking account holders earn cash back by using their debit cards at certain merchants. Chase customers can pay and receive money from others through Zelle. Chase credit cards are loved for their value and versatility, including the option to redeem your rewards for boosted value through the Chase Ultimate Rewards portal. The best Chase credit card is the Chase Sapphire Preferred Card, which offers a generous sign-up bonus on top of premium travel rewards and perksAbout Chase Bank
Chase Bank is the consumer banking arm of JPMorgan Chase, one of the largest banking companies in the U.S. Chase offers a full range of banking services, including checking, savings and money market accounts, as well as CDs. The bank, which can trace its roots to 1799, has grown through several signature mergers over the years, including one with Bank One Corp. in 2004 and its 2008 acquisition of the deposits and most of the assets of the failed Washington Mutual. Chase is actively expanding its retail banking presence. The bank is in to open 400 branches in new markets. If you like having quick access to branches and ATMs — and you live where the bank operates — Chase is an obvious choice. If you’re hunting for good rates or want to be able to use the first ATM you see without paying a high out-of-network fee, look elsewhere.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .