SuperMoney
  Chase Savings Account

Chase Savings Account

in Savings Accounts from Chase Bank · fdic

Claimed Promo Offer Available!

Chase Savings Account

Claimed Promo Offer Available!

in Savings Accounts from Chase Bank · Member FDIC

SuperMoney Net Recommendation Score +56

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +56, equating to 4.1 on a 5 point rating scale.

+56

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

23 users recommend
4 users are unsure
5 users don't recommend
Cast your vote

Would you recommend Chase Savings Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Strongly recommended
Monthly Fee $0 - $5
APY (Annual Percentage Yield) 0.01%
APY Minimum Balance N/A
Number of Reviews 32

Chase Savings Account Review

Chase Savings Account is offered by Chase Bank, a bank founded in 1877 and based in New York, NY. Chase Savings Account is available in 48 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $300.
  • No minimum initial deposit. There is no minimum balance required to open an account.
Chase savings account Pros & Cons
Pros Cons
  • Available in 48 states.
  • Interest-yielding account.
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Higher than average wire transfer fees.
  • Monthly service charge.
Chase savings account FAQ

Are savings accounts from Chase Bank federally insured?

Yes, your Chase Bank savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #628). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Chase Bank offer a signup bonus?

Chase savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Chase savings account?

There is no minimum deposit to open a Chase savings account.
Chase Savings Account Minimums
Description
Minimum Account Transfer to Avoid Monthly Fee $25
Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $0

What APY does Chase Bank offer?

Chase savings account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Chase savings account charge?

Chase savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $300.

  • Outgoing domestic bank transfers come with a $35 fee.
  • Outgoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • An overdraft on your account will trigger a $34 fee per item.
  • Chase savings account charges $6 every time you request a paper statement.

Does Chase savings account charge overdraft fees?

Yes, Chase savings account charges a $34 overdraft fee.

What features and perks does Chase savings account offer?

This savings account includes the following features:

  • Fraud monitoring - Chase savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - Chase savings account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Chase savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Chase savings account?

The customer support email for Chase savings account is customerdepartament@chase.com.

How do people rate the customer service and user experience of Chase savings account?

Overall, Chase savings account is strongly recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Promotional Offers

Special Offers

Enjoy a $150 bonus when you open a new Chase SavingsSM account

Deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days.

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

Other Services by Chase Bank

Icon for Savings Accounts
View all savings accounts offered by Chase Bank

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Account Transfer to Avoid Monthly Fee $25
Minimum Balance to Avoid Monthly Fee Starting at $300
Minimum Opening Deposit Starting at $0
Bank Teller Fee $0
Early Account Closure $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Monthly Fee $0 - $5
Overdraft Item Fee $34
Paper Statement Fee $6
Returned Deposit Fee (Domestic) $34
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $50
Bauer Financial A+/A Rating
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01%

Chase Savings Account Community Reviews

 

Would you recommend Chase Savings Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +56, equating to 4.1 on a 5 point rating scale.

+56

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Savings Accounts

Chase Bank Savings Accounts

Loading...