Chase bank CD rates: December 2022

Written by Lauren Ward / January 11, 2023

Chase offers a wide range of certificates of deposit (CDs)—from one month to 10 years—that should match your savings horizon. And while many of the CDs terms have low rates, there are a few competitive options to consider.

The rates are accurate as of Dec. 14, 2022. 

Chase CD MaturityAPY
3 Months2.25%
6 Months2.50%
12 Months3.00%

Inside this article

  1. Overviews Of Chase Bank CDs
  2. How Much Can You Earn With Chase Bank CDs
  3. How Chase Bank CDs Compare
  4. About Chase Bank
  5. Frequently asked Questions

Overviews Of Chase Bank CDs

Chase CDs offer relationship rates, meaning you must have a Chase checking account to qualify, and the minimum deposit is $1,000. Standard rates, i.e. what you earn without a linked Chase account, offer just 0.01% APY on all CDs no matter the term, which obviously isn’t worth your time.

There's also a $1 million maximum contribution, should you be so inclined, but any amount above that must be approved through a scheduled meeting with a Chase banker.

If you withdraw before the CD matures, you'll incur a penalty in which your account foregoes some of the previously earned interest. Additionally, note that Chase automatically renews CDs unless you opt out. You have a 10-day window once the CD renews to withdraw your funds if you choose. Otherwise, you'll lock in your funds for the same period of time at the current interest rate.

Minimum Deposit$1,000
Term LengthsBetween 1 month and 10 years
Compounding ScheduleDaily
Early90 days of interest for terms less than 6 months
Withdrawal Penalty 1.) 180 days of interest for terms between 6 and less than 24 months 2.) 1 year of interest for terms greater than 24 months
Grace period for penalty-free withdrawals after maturity10 days after the CD matures and auto renews

How Much Can You Earn With Chase Bank CDs

Some Chase CDs offer an insignificant amount of interest. For instance, a one month term with a deposit of $10,000 would earn just $0.17. 

But if you contribute that same amount for a 12 month term, you’d earn more than $300.

Explore all of Chase's CD rates based on a $10,000 deposit with no early withdrawals. All rates are accurate as of Dec. 14, 2022. Rates can differ slightly depending on where you live.

CD Term LengthAPYTotal Earnings with $10,000 Contribution
1 Month0.02%$0.17
2 Month0.02%$0.33
3 Month2.25%$56.41
6 Months2.50%$125.78
9 Months0.02%$1.50
12 Months3.00%$304.53
15 Months0.02%$2.50
18 Months0.02%$3.00
21 Months0.02%$3.50
24 Months2.02%$412.26
30 Months1.51%$384.71
36 Months2.02%$624.72
42 Months1.51%$542.70
48 Months1.51%$622.60
60 Months1.51%$784.22
84 Months1.51%$1,114.86
120 Months1.51%$1,629.93

How Chase Bank CDs Compare

Many of Chase's CD terms are outclassed by offerings from other financial institutions, and don’t even rate well to banks as a whole. For instance, the average national bank offers 0.10% on a one month CD, according to the FDIC, which is more than the APY on Chase’s one month CD product.

However, savers can find a few options that rate well, especially on term lengths of three, six and 12 months. Moreover, some of Chase’s longer-term offerings, such as 24 and 36 months, are more than double what you’ll find from an average bank. 

The $1,000 minimum, while not the lowest we’ve seen, is manageable, allowing folks to start saving a bit earlier than they otherwise might.

About Chase Bank

Chase Bank has been around in some form or fashion for nearly 225 years, and merged with J.P. Morgan & Co. (whose historic co-founders include Alexander Hamilton and Aaron Burr) in 2000.

Today, Chase Bank has branches across the nation. In 2007, the bank began to implement more environmentally friendly practices by opening its first green branch in Denver, which is LEED-certified and uses Energy Star appliances.

Frequently asked Questions

Are 10-Year CD Rates Worth It?

It depends on the rate and your own financial security. If a 10-year CD offers a relatively high interest rate, you may feel compelled to lock in that yield for a long period of time to maximize your earnings. But you should only use money designated for long-term savings goals. Be sure to build your emergency fund and tax-advantaged retirement accounts before diverting savings to a CD. 

Also understand how the early withdrawal penalty works. With Chase, withdrawing funds before the 10-year maturity date results in forfeiting one year worth of interest.

How Do You Find The Best CD Rates?
Can You Lose Money On A CD?

About the Author

Lauren Ward

Lauren Ward

Lauren Ward is a writer who covers all things personal finance, including banking, real estate, small businesses, and more. She lives in Virginia with her husband and three children.

Full bio

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