Chase Savings Account
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| Community Rating | Strongly recommended |
| Monthly Fee | $0 - $5 |
| APY (Annual Percentage Yield) | 0.01% |
| Minimum Balance to Earn APY | N/A |
| Number of Reviews | 33 |
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 interest rate. 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 online.
Chase savings account Pros & Cons
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Chase savings account FAQ
Are savings accounts from Chase Bank federally insured?
Yes, your deposits 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.| 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 Savings Account 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?
Yes, you can typically set up a direct deposit to this account. 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.
Contact
- Headquarters
-
270 Park Avenue
New York, NY 10017 USA - (877) 242-7372
- Visit Site
- Email Support
Promotional Offers
Enjoy a $150 bonus when you open a new Chase SavingsSM account
Other Services by Chase Bank
Availability
- 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 |
Chase Savings Account Community Reviews
Would you recommend Chase Savings Account to your friends?
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- Members 1st Credit Union Child Share
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