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Chase CD Rates for May 2024

Chase offers 17 CD terms, but its CD rates are less competitive than those you’ll find at online banks.

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Chase Bank is one of the biggest banks in the US, with more than 4,700 branches and a wide range of banking services. But its deposit rates fall short unless you already have an established relationship with Chase.

Chase offers CD terms ranging from one month to 10 years, but its standard CD rates are well below the Federal Deposit Insurance Corporation’s national average. If you already bank with Chase and prefer to keep all your money in one place, you might be comfortable forfeiting better interest rates for convenience. But you’ll find more competitive rates at other banks.

Chase CDs: At a glance

Minimum deposit$1,000
Term lengths One month to 120 months (10 years)
Compounding scheduleDaily
Early withdrawal penaltiesTerms less than 6 months: 90 days’ worth of interest
Terms 6 to 24 months: 180 days’ worth of interest
Terms over 24 months: 365 days’ worth of interest
Grace period10 days

Chase’s CD rates

There are two main categories for Chase’s CDs: Standard and Relationship. If you don’t have a checking account with Chase, you’ll have access to its Standard CD. If you do have a current Chase checking account and link it to your CD account, you’ll get access to slightly higher APYs with Relationship CDs. 

Each CD requires a $1,000 minimum deposit and is subject to an early withdrawal penalty if you withdraw funds before the CD matures, or reaches the end of its term.

Chase Standard CDs

Terms1 month to 120 months (10 years)
Interest rate0.01%
Minimum deposit$1,000
APYs as of Dec. 13, 2023.

No matter how much you deposit in a Standard Chase CD, the interest rate and APY are identical -- and leave a lot to be desired. For example, if you deposit $10,000 in a standard five-year CD with a 2.00% APY, you’ll earn $1,040.81 in interest in five years. Comparatively, Synchrony Bank, an online-only bank, offers 4.00% on its five-year CD. If you deposit the same $10,000, you’ll earn $2,166.53 at that rate.

Chase Relationship CD rates

Term lengthAPY for initial deposit ($1,000 – $9,999)APY for initial deposit ($10,000 – $99,999)APY for initial deposit ($100,000 and above)
1 month0.02%0.02%0.02%
2 months4.00%4.00%4.00%
3 months3.00%3.00%3.00%
6 months3.00%3.00%3.00%
9 months4.50%4.50%4.50%
12 months3.00%3.00%3.00%
15 months3.00%3.00%3.00%
18 months3.00%3.00%3.00%
21 months3.00%3.00%3.00%
24 months3.00%3.00%3.00%
30 months3.00%3.00%3.00%
36 months3.00%3.00%3.00%
42 months3.00%3.00%300%
48 months2.00%2.00%2.00%
60 months2.00%2.00%2.00%
84 months2.00%2.00%2.00%
120 months2.00%2.00%2.00%
APYs as of Dec. 13, 2023.

Example: How much can you earn with a Chase CD?

Here’s how much you can earn if you deposit $1,000, based on Chase’s current Relationship CD rates.

TermAPYTotal interest earned
1 month0.02%$0.02
3 months3.00%$7.42
6 months3.00%$14.89
9 months4.50%$33.56
12 months3.00%$30.00
15 months3.00%$37.64
18 months3.00%$45.34
21 months3.00%$53.09
24 months3.00%$60.90
30 months3.00%$76.70
36 months3.00%$92.73
42 months3.00%$109.00
48 months2.00%$82.43
84 months2.00%$148.69
120 months2.00%$218.99
APYs as of Dec. 13, 2023.

Is Chase a good choice for a savings or CD account?

Chase’s savings and CD options won’t earn you as much money in interest as online-only banks and credit unions.

For example, Chase’s six-month Standard CD rate is 0.01%, much lower than the national average rate of 1.43%. It’s also much lower than some of the best CD rates available, which offer between 4% and 5% (or higher). 

But if you already have an account with Chase and prefer convenience instead of chasing yield, this account may work in your favor. You’ll be able to manage your account online and in person. 

If you’re looking for the best bank to earn interest on your savings, compare rates and other factors that affect your financial goals. For example, you may consider the bank’s customer service and minimum deposit. Most importantly, make sure the financial institution you choose is insured by the FDIC or National Credit Union Administration, which protects your savings for up to $250,000 per person, per account from bank failure.

How to open a Chase CD account

You can open a CD online if you’re an existing Chase customer. If you aren’t, you’ll need to schedule a meeting with a Chase representative online before opening a CD.

When you’re ready to open the account, you’ll need your personal information, including your full name, address and Social Security number or Individual Taxpayer Identification Number. You’ll need to select your CD term and fund the account with a minimum of $1,000. You won’t be able to add more money to your CD account after the initial deposit, so make sure you’re prepared to deposit the full amount. 

What other savings options does Chase offer?

Chase offers two main savings account options: Chase Savings and Chase Premier Savings. These savings accounts have a monthly service fee of $5 and $25, respectively. But these fees can be waived if you maintain a minimum daily balance, set up automatic transfers or link a Chase Premier Plus Checking or Chase Sapphire Checking account (see here for more details). 

The Chase Savings account earns a 0.01% APY, which is well below the FDIC’s national average. The Premier Savings account pays a slightly higher yield of 0.2% APY, but it’s also well below the national average. And to qualify for the Premier relationship rate, you have to link your account to a Chase Premier Plus Checking or Chase Sapphire Checking account and make at least five transactions each statement period using your linked checking account. 


The minimum deposit to open a Chase CD account is $1,000. 

If your CD term is less than six months, you’ll lose 90 days’ worth of interest. If your CD term is between six and 24 months, you’ll lose 180 days’ worth of interest. And if your CD term is 24 months or more, you’ll lose 365 days’ worth of interest. 

Once your Chase CD matures, you’ll have a 10-day grace period to adjust your CD, including changing the term, withdrawing or depositing funds or closing the account. If you don’t make adjustments to your CD during the 10-day grace period, your CD will automatically renew for the same term with a new maturity date. 

This article includes some material that was previously published on NextAdvisor, a CNET Money sister site that was also owned by Red Ventures and which has merged with CNET Money. It has been edited and updated by CNET Money editors.

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is also a musician, which means he has spent a lot of time worrying about money. He applies the lessons he's learned from that financial balancing act to offer practical advice for personal spending decisions.
Dashia is a staff editor for CNET Money who covers all angles of personal finance, including credit cards and banking. From reviews to news coverage, she aims to help readers make more informed decisions about their money. Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, technology and fintech.
Liliana Hall is a writer for CNET Money covering banking, credit cards and mortgages. Previously, she wrote about personal credit for Bankrate and She is passionate about providing accessible content to enhance financial literacy. She graduated from the University of Texas at Austin with a bachelor's degree in journalism, and has worked in the newsrooms of KUT and the Austin Chronicle. When not working, she is probably paddle boarding, hopping on a flight or reading for her book club.
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