The following is a closer look at two Chase Bank savings programs.
APY
Link to Chase checking account for overdraft protection
Chase Total Checking
Key Features
Chase Bank at a Glance
Chase Premier Plus Checking
a month; can be waived
Monthly fees
The monthly service fee for the Chase Sapphire checking account is a month. However, it can be waived with an average daily balance of ,000 in qualifying Chase accounts.
Pro Tip
You’ll get locked into an interest rate based on the length of your term and the amount of your CD. These rates vary from 0.02% to 0.05%*, and depend on both how much money you save and the length of your CD term. Right now, an amount between K and ,999.99 will earn 0.05% on a 12-month term.
Chase Checking Accounts
The Chase Savings account come with an autosave option that’s pretty cool. Using the mobile app, you can set your account to transfer a set amount of money every time you get paid, a little every day, or any set time and amount that you like. It puts your savings on autopilot.
Chase Total Checking
Chase Savings Accounts at a Glance
Chase Checking at a Glance
Chase Checking at a Glance
Chase Checking at a Glance
Chase Checking at a Glance
None
- Auto-save tool
- Access to 4,700 branches
- $25 opening deposit required
n/a
, can be waive with ,000 balance
None
APY
Prime perk
You can get slightly better interest rates with the Chase Premier Savings account than the basic checking account. You’ll earn anywhere from 0.02% to 0.05%* when you link your account to another select Chase account, depending on how much money you have saved. The more you have in there, the better your interest rate. (But remember, you’ll get hit with a $25 monthly service fee unless you can keep a $15,000 minimum balance or you link to another Chase account.)
If you need a
checking account for your small business, Chase has options to serve you here, too.
Best for In-Person Banking
| Account |
Monthly Fees |
Fee Details |
Other Features |
|
| Chase Savings |
$5 |
$300 balance to waive |
$25 to open account |
|
| Chase Premier Savings |
$25 |
$15K balance to waive |
Or link to accounts |
|
Chase Small, Medium and Large Business Banking
Yes, Chase has both. Chase offers mortgages, and auto and business loans, Per credit cards, Chase offers ones for business and personal use.
Chase Business Complete Banking
3 out of 5 Overall
; can be waived
- You keep a $2,000 minimum balance,
- Make $2K worth of purchases with your Chase Ink business card,
- Receive $2K worth of eligible transactions, or
- Link to a Chase Private Client checking account.
They also have a dedicated 24/7 customer service line, but you need to be in one of the higher level accounts to have access to that perk.
Chase Performance Business Checking
But how does it stack up overall, for you, the consumer?
When you think of major banking chains, Chase Bank is probably high up on your list.
Chase Platinum Business Checking
Here’s how they each break down.
ATM fee
Best for Big-Time Savers
| Account |
Monthly Fees |
Fee Details |
Other Features |
|
| Chase Business Complete Banking |
$15 |
$2K min. bal. to waive |
Cash deposit limit |
|
| Chase Performance Business Checking |
$30 |
Waived with $35K balance |
250 monthly free trans. |
|
| Chase Platinum Business Checking |
$95 |
$100K balance to waive |
$25K monthly cash dep. |
|
Other Key Chase Features
Cons
Chase Bank Offers
If you don’t mind monthly fees (or are diligent about avoiding them) and like the idea of banking with a well-known name in the industry, Chase Bank could be right for you.
- Get up to $500 a year — $50 per friend — when you refer others to sign up for a qualifying Chase bank account.
- New Chase customers can earn $100 with a Chase College checking account when they complete qualifying activities.
Yes. All Chase bank accounts are FDIC-insured up to 0,000 per depositor.
Chase Certificate of Deposit (CD)
Minimum opening balance
As you might expect from a Big Four bank, Chase ranks high on the convenience meter. With 16,000 ATMs and 4,900 branches, they’re everywhere.
If you’re looking for a CD, you can get one for as short as one month or up to 10 years with Chase. You’ll need at least ,000 to open one.
Convenience
The following is a closer look at three Chase Bank checking accounts.
n/a
16,000 fee-free ATMs
Mobile Banking
You’ll find that they have online banking, a mobile app and many options for financial products, such as mortgages, auto loans and credit cards.
ATM access
3 out of 5 Overall
Who is Chase Bank Best For?
We’ve rounded up the answers to the most commonly asked questions about Chase so that you can decide if this mega-bank is right for you.
- You like having access to physical branches across the U.S., as well as online banking.
- You want to bank with a recognized financial entity.
- You prefer to satisfy all your banking needs at one institution.
- You want to have access to a variety of accounts for a wide range of clientele — There are Chase bank accounts available for college students, small business owners and mega-savers, to name a few.
- Chase regularly offers new-member bonuses.
There’s a per-month fee that’s waived if you have 0,000 or more in qualifying business deposit and investment balances.
Pros and Cons about Chase Bank
Prime perk
Best for Young Savers
- Chase is pretty much everywhere, which makes finding a branch or ATM easy.
- Low opening deposit requirement for most accounts.
- For lower-tier accounts, the requirements to avoid the monthly maintenance fee are straightforward.
APY
- There’s no interest on checking accounts.
- Interest rates for basic savings accounts are a pittance.
- There are monthly maintenance fees, though they can (sometimes) be waived.
- You could get hit with a charge if you overdraft your account.
- There’s a $2.50 fee for using non-Chase ATMs.
Frequently Asked Questions (FAQs) About Chase Bank
Chase Manhattan Bank merged with J.P. Morgan & Co. in 2000. Today, there are 4,700 Chase branches and 16,000 Chase ATMs around the country. The popular financial institution boasts numerous client offerings, and customers can bank in person, online or through a mobile app.
Our Chase Bank review focuses on checking and savings features for individuals and small businesses, as well as its overall convenience and mobile banking features.
There’s a monthly fee, but that’s waived when you have ,000 or more in qualifying Chase accounts.
Minimum opening balance
Monthly fees
Key Features
Chase Business Accounts
This account has a monthly maintenance fee that’s nixed completely if:
Overall, here’s a quick-hit list of what’s good and not so good with Chase.