Chase CD Rates: How They Compare
If you’re looking for a way to save and grow your money, deposit bank accounts can be a solid option. While they may not offer huge returns, they provide a safe and simple way to set aside your extra funds and generate some passive income.
When it comes to Chase Bank CD rates, they may not be the most competitive on the market—especially if you don’t already have an account. However, if you are a current customer, you can tap into slightly better rates, giving you more opportunities to earn. In this article, we’ll break down the basics of Chase CD rates, what influences them, and how you can take advantage of this type of investment.
Current Chase Bank CD Rates
Chase Bank 1-year CD rates can be an interesting and appealing way to make money. The bank currently offers a flexible and spacious range of rates, where some are high-yield in terms of return.
However, before you jump into the Chase deposit system, you should make sure that:
- You meet the bank’s eligibility requirements;
- You can come up with a minimum deposit of $1,000;
- A higher rate is available at the moment;
- You’re a customer with no outstanding debts;
- You are satisfied with Chase's terms and conditions.
Deposit rates mainly depend on the length of the investment term and the amount in the account. Please note that you can set up an additional account for a deposit, but at the same time, funds on your current card can also earn interest over a certain period.
Let’s take a closer look at Chase’s rate schedule, broken down by deposit duration.
Rates by Term Length
Do you know how the deposit rate is formed? The universal calculation system is based on three key factors:
- The amount you deposit (the more, the better);
- How long you keep the funds in the account (longer is better);
- The potential earnings the bank makes from your deposited funds.
Thus, a financial institution reinvests your money, for example, in projects, customer loans, or infrastructure development. The deposit interest is what you receive as payment for using your investments.
Usually, it’s the bank that benefits the most, as they reinvest your deposit to generate higher returns., However, earning a profit, even a small one, is still a win for you, despite the fact that it may not be as significant when compared to what the bank makes. It’s a trade-off between security and higher potential gains from riskier investments.
Here is a brief overview of the current rates available to everyone:
| Term (Months) | Standard Rates (W/O Chase CD Account) | Minimum Deposit | ||
|
| APY $1,000–9,999 | APY $10,000–99,999 | APY $100,000+ |
|
Short-Term CDs | 1 | 0.01% | 0.01% | 0.01% | $1,000 |
2 | 0.01% | 0.01% | 0.01% | $1,000 | |
3 | 0.01% | 0.01% | 0.01% | $1,000 | |
6 | 0.01% | 0.01% | 0.01% | $1,000 | |
9 | 0.01% | 0.01% | 0.01% | $1,000 | |
12 | 0.01% | 0.01% | 0.01% | $1,000 | |
Medium-Term CDs | 15 | 0.01% | 0.01% | 0.01% | $1,000 |
18 | 0.01% | 0.01% | 0.01% | $1,000 | |
21 | 0.01% | 0.01% | 0.01% | $1,000 | |
24 | 0.01% | 0.01% | 0.01% | $1,000 | |
30 | 0.01% | 0.01% | 0.01% | $1,000 | |
36 | 0.01% | 0.01% | 0.01% | $1,000 | |
Long-Term CDs | 42 | 0.01% | 0.01% | 0.01% | $1,000 |
48 | 0.01% | 0.01% | 0.01% | $1,000 | |
60 | 0.01% | 0.01% | 0.01% | $1,000 | |
84 | 0.01% | 0.01% | 0.01% | $1,000 | |
120 | 0.01% | 0.01% | 0.01% | $1,000 | |
Rates are accurate at the time of writing.
Please note that while you can easily open a deposit account online at any time, it’s always smart to shop around and do some checking out all the offers Chase has on the table before making your decision.
Chase Bank CD Rates
The standard Chase Bank CD rate is pretty much one of the lowest in the U.S., coming in at an APY of 0.01%. That said, it’s still a good option for passive financial growth since no extra investments or fees are required.
Chase Bank CDs for cardholders have slightly better rates, which range from 0.02% to 4.75%. Occasionally, Chase revises their policy and adjusts deposit offers to reflect changes in market conditions.
The benefits of having an account with a financial institution start with CD rates for Chase Bank, but they go far beyond just that:
- 24/7 high-quality customer service;
- A significant number of loan programs;
- Credit cards with bonus programs that let you earn and redeem points;
- Flexible loan and deposit terms;
- Favorable APR and customer-friendly requirements.
For Chase account holders, the deposit rates are considerably higher compared to third-party depositors.
| Term (Months) | Relationship Rates (With Chase Bank Account) | Minimum Deposit | ||
|
| APY $1,000–9,999 | APY $10,000–99,999 | APY $100,000+ |
|
Short-Term CDs | 1 | 0.02% | 0.02% | 0.02% | $1,000 |
2 | 4.25% | 4.25% | 4.75% | $1,000 | |
3 | 2.00% | 2.00% | 2.00% | $1,000 | |
6 | 3.00% | 3.00% | 3.00% | $1,000 | |
9 | 4.25% | 4.25% | 4.75% | $1,000 | |
12 | 2.00% | 2.00% | 2.00% | $1,000 | |
Medium-Term CDs | 15 | 2.50% | 2.50% | 2.50% | $1,000 |
18 | 2.50% | 2.50% | 2.50% | $1,000 | |
21 | 2.50% | 2.50% | 2.50% | $1,000 | |
24 | 2.50% | 2.50% | 2.50% | $1,000 | |
30 | 2.50% | 2.50% | 2.50% | $1,000 | |
36 | 2.50% | 2.50% | 2.50% | $1,000 | |
Long-Term CDs | 42 | 2.50% | 2.50% | 2.50% | $1,000 |
48 | 2.50% | 2.50% | 2.50% | $1,000 | |
60 | 2.50% | 2.50% | 2.50% | $1,000 | |
84 | 2.50% | 2.50% | 2.50% | $1,000 | |
120 | 2.50% | 2.50% | 2.50% | $1,000 | |
Rates are accurate at the time of writing.
The Chase Certificate of Deposit provides a solid opportunity for account holders to earn passive income. In addition, the financial institution offers a wide array of credit cards with unique and affordable rewarding bonus programs.
Final Thoughts
While the Chase Bank certificate of deposit may not be the best option available, they do offer a safe and reliable way to earn passive income. This is especially true for existing customers who don’t want to deal with the risks that come with applying for credit cards at other banks. However, if you’re looking to rake in higher returns, several online banking options provide significantly higher rates, though they may come with more complex terms and conditions.
