Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Chase CD Rates

Your Details Done
by Updated
Chase CD Rates

Chase Bank’s biggest strength when it comes to its certificates of deposit is the wide range of terms offered. You can open an account (or accounts) from one to 120 months. This allows you to find the terms and rates that best fit your financial situation and goals. This range also makes for an easily created CD ladder. 

Chase CDs are better opened with a linked Chase Bank checking account. Doing so opens up higher relationship rates which also earn according to balance tiers. This allows higher balances to earn at higher rates. Otherwise, your Chase CDs don’t have much potential for big payouts at the end of their terms. 

Chase CD Minimum Deposit Standard Rate
1 - 17 Month $1,000 0.01%
18 - 20 Month $1,000 0.05%
21 - 35 Month $1,000 0.30%
36 - 47 Month $1,000 0.45%
48 - 119 Month $1,000 0.50%
120 Month $1,000 0.70%

Consider opening an 11-Month No-Penalty CD with CIT at 2.05% APY with a $1,000 minimum opening deposit. This account offers a balance between a great fixed rate and flexible money access.

Chase CD Bonus Rate: $1,000 - $9,999 Bonus Rate: $10,000 - $99,999 Bonus Rate: $100,000+
1 - 8 Month 0.02% 0.02% 0.02%
9 - 11 Month 0.90% 1.01% 1.50%
12 - 14 Month 0.02% 0.02% 0.05%
15 - 17 Month 0.05% 0.15% 0.20%
18 - 20 Month 0.15% 0.25% 0.30%
21 - 23 Month 1.40% 1.50% 2.00%
24 - 35 Month 1.15% 1.25% 1.25%
36 - 47 Month 1.30% 1.40% 1.45%
48 - 119 Month 1.40% 1.50% 1.55%
120 Month 1.60% 1.70% 1.75%

Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure

Overview of Chase CDs 

Due to the wide variety of terms available, Chase CDs are ideal for creating a CD ladder. A CD ladder is when you open multiple CDs at the same time, each with a different maturity date. That way, you can receive a CD payout every few months or so, depending on how you build your ladder. For example, you can open Chase CDs that mature in one, three, six, 12, 24 months and so on to have some extra money at each of those points. 

Chase won’t charge you a monthly fee to own a CD. You do have to keep the minimum deposit requirement of $1,000 in mind, you’ll need to make sure that you comfortably afford this upfront. Once you do make your deposit, you cannot touch the account again until its maturity date. At that point, you can make your withdrawals, deposits or change the term of the CD. If you don’t take any action, your CD will automatically renew for the same term length. 

Don’t forget that certificates of deposit are made to grow over the length of a set term, without any withdrawals or additional deposits during that time. Should you need to make an early withdrawal, for an emergency perhaps, you’ll incur a penalty. For Chase CDs with terms that are less than 24 months, the penalty is 1% of the amount withdrawn, but not more than the total amount of interest that the CD earned in its term. On CDs with terms of 24 months or more, you’ll have to pay a penalty of 2% of the amount withdrawn, but no more than the total interest earned. If you make your early withdrawal within seven days after opening the CD or making another withdrawal of principal, Chase will charge the same penalties but it won’t be less than seven days’ interest. As you can see, these penalties are often not worth the withdrawal, since you’ll lose any interest the account earned. 

How Much You Earn With Chase Certificate of Deposits Over Time 

Big banks have to keep up with the costs of maintaining thousands of physical branches throughout the country. This often means that they do not offer high interest rates on their bank accounts. Chase is no different, and its CDs earn at some of the lowest rates. For example, its six-month CD has an APY of only 0.01%.  

If you want to earn more with a Chase CD, it helps first to have a Chase checking account to link to your CD. That allows your CD to earn at higher relationship rates instead of the standard rates. The best Chase relationship CD rates come with the longer-term accounts, starting at 21 months. 

Chase does compound interest daily, which grows your money faster than compounding it monthly, for example. Daily compounding means that your money will earn interest today, your new total balance will earn interest tomorrow, that money will earn more interest the next day and so on. Still, you can see below that you’ll find it hard to see substantial growth with a Chase CD. 

Initial Deposit 6-Month CD (Standard Rate) 6-Month CD (Relationship Rate) 24-Month CD (Standard Rate) 24-Month CD (Relationship Rate) 60-Month CD (Standard Rate) 60-Month CD (Relationship Rate)
$1,000 $1,000.05 $1,000.10 $1,001 $1,013 $1,013 $1,038
$2,500 $2,500.13 $2,500.35 $2,503 $2,533 $2,531 $2,595
$5,000 $5,000.25 $5,000.50 $5,005 $5,065 $5,063 $5,190
$10,000 $10,000.50 $10,001 $10,010 $10,151 $10,125 $10,489

How Chase CDs Rates Compare to Other Banks 

Below, we’ve provided other banks’ CD rates in comparison to Chase’s standard rates. Unfortunately, Chase’s standard rates don’t really come close to even Bank of America’s rates, which are still relatively low. Bank of America, with the burden of maintaining thousands of branches across the globe, offers pretty low bank account rates across the board, too. 

On the other hand, there are online-only banks like Ally Bank and Marcus by Goldman Sachs. Online banks don’t have the cost of physical location upkeep. That means you get to see much higher interest rates across their bank accounts - not just CDs - that make for ideal savings accounts

CD Account Chase Bank of America Ally Bank Marcus by Goldman Sachs
6 Month 0.01% 0.03% 1.00% 0.60%
1 Year 0.01% 0.05% 2.65% 2.55%
3 Year 0.45% 0.55% 2.60% 2.65%
5 Year 0.70% 1.00% 3.10% 3.10%

Should You Get a Chase CD Account?

You should consider opening a Chase CD account if you already have a Chase checking account. That way, you can link your checking account to your CD account(s) to gain access to the higher, and much better, relationship rates. Otherwise, your CD account will only earn according to the bank’s low standard rates. 

Don’t forget that Chase CDs do require at least $1,000 to open an account. While this will help you earn more throughout the term than, say, a $50 deposit, you may not be able to responsibly set aside $1,000 at the moment. Make sure that you won’t need your deposit to pay rent or any upcoming bills. If that ends up happening, you might have to make an early withdrawal and lose a chunk of your principal to a bank penalty. 

For a great fixed rate and flexible money access consider opening an 11-Month No-Penalty CD with CIT at a 2.05% APY with a $1,000 minimum opening deposit. 

Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure

Best Places to Save

SmartAsset’s interactive map highlights the places in the country where people have the opportunity to save money. Zoom between states and the national map to see the best places to save.

Rank County Median Household Income Cost of Living Purchasing Power Estimated Tax Rate

Methodology Where you live can have a big impact on how easy it is to save money based on several regional factors. Our study aims to find the most suitable places for people to save based on median household income, average living expenses and income tax burden.

First, we calculated the average cost of living in each county for a household with two adults (one working). We then created a purchasing power index for each county. This reflects the counties with the highest ratio of household income to cost of living.

To better compare income tax burdens across counties, we applied relevant deductions and exemptions before calculating federal, state and local income taxes for a family making $50,000 annual income in each location. Next, we created an effective tax rate index for each county, which reflects the counties with the lowest ratio of income taxes to the assumed $50,000 annual income.

Finally, we calculated the weighted average of the indices to yield an overall best places to save score. We used a three-fourths weighting for purchasing power and a one-fourth weighting for tax rates. We indexed the final number so higher values reflect places that are better to save.

Sources: US Census Bureau 2016 5-Year American Community Survey, MIT Living Wage Study