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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.

Annual percentage yields (APYs) and account details are accurate as of March 27, 2024, and were found using the zip code 07030.

CHASE RELATIONSHIP CD MATURITYAPY
3 Months
2.00%
6 Months
3.00%
12 Months
2.00%

Compare Top Savings Account Offers

Overviews Of Chase certificates of deposit

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.

Rates can increase with larger deposits. For example, a nine-month relationship CD earns 4.25% to 4.75%. When you deposit an amount under $100,000, you’ll earn the lower range and if you deposit a greater amount, the APY increases to the higher range.

There’s 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.

OVERVIEW
Minimum deposit
$1,000
Term lengths
Between 1 month and 10 years
Compounding schedule
Daily
Early withdrawal penalty
90 days of interest for terms less than 6 months
180 days of interest for terms between 6 and less than 24 months
1 year of interest for terms greater than 24 months
Grace period for penalty-free withdrawals after maturity
10 days after the CD matures and auto renews

How much can you earn with Chase Bank CDs

CD rates have been on the rise since March 2022 after the Federal Reserve decided it needed to take dramatic action to quash sky-high inflation. While the scale of rate hikes has dipped in recent months, Fed chair Jerome Powell has said that further increases are still very much possible if inflation remains at an elevated level.

Despite this high-rate environment, most 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 each month for a year, you’d earn more than $300.

Explore all of Chase’s relationship CD rates based on a $10,000 deposit with no early withdrawals. All annual percentage yields (APYs) are accurate as of March 27, 2024. We used the zip code 07030 for the table below, but rates can differ slightly depending on where you live.

CD TERM LENGTHAPYTOTAL EARNINGS WITH $10,000 CONTRIBUTION
1 Month
0.02%
$0.17
2 Months
4.50% to 5.00%*
$73.63 or $81.65
3 Months
2.00%
$49.62
6 Months
3.00%
$149.09
9 Months
4.25% to 4.75%*
$316.90 or $354.10
12 Months
2.00%
$199.97
15 Months
2.50%
$313.55
18 Months
2.50%
$477.44
21 Months
2.50%
$441.71
24 Months
2.50%
$506.39
30 Months
2.50%
$636.94
36 Months
2.50%
$769.12
42 Months
2.50%
$902.94
48 Months
2.50%
$1,038.42
60 Months
2.50%
$1,314.45
84 Months
2.50%
$1,887.40
120 Months
2.50%
$2,801.68

*Based on a deposit of $100,000 or more

How Chase Bank CDs compare

The APYs on most Chase CDs are outclassed by competitor offerings and some even fall below the national average. For example, the national deposit rate on a one-month CD is 0.22% according to data from the Federal Deposit Insurance Corporation (FDIC) as of March 18, 2024, while Chase offers only 0.02% APY with its relationship rates.

Here’s a sampling of how Chase compares to other big-bank peers on CD APYs: Capital One 360 certificates of deposit, Citi® Certificates of Deposit and Bank of America Featured CDs.

CD TERMCHASE BANK RELATIONSHIP CDSCAPITAL ONE 360 CDSCITIBANK CDSBANK OF AMERICA CDS
6 months
3.00%
4.35%
4.75%
4.75% (7 months)
12 months
2.00%
4.90%
2.00% to 3.00%
4.30% (13 months)
24 months
2.50%
4.20%
2.00%
3.00% (25 months)

Note: Rates may change depending on your particular zip code. We used 07030 for this table. Bank of America CD rates represent a deposit of $10,000 or less.

If you’re after heartier yields, see the best CD rates here.

How to open a Chase CD account

  1. Log in or sign up

If you’re already a Chase customer with a banking account, loan, credit card or other financial product from the company, you can log in and have the Chase CD application prefilled. 

However you slice it, current customer or not, you need to have a Chase checking or savings account before you can invest in a Chase CD. 

Once you do, you can open a Chase CD account online or in person. If you’re a fan of in-person banking, you can schedule a meeting with a banker; the button to do so is right on the Chase CD page. 

You’ll only need to go in person if you’d like to open a joint account. 

  1. Pick and fund your CD

From all of the available options, pick the term you want and how often you’d like to receive the interest payments.

You can choose whether you’d like the CD interest to be paid to you monthly, quarterly, semi-annually, annually or at maturity, depending on the term. 

You need a minimum of $1,000 to fund the CD, which you can transfer from your Chase checking account.  

Documents you’ll need

If you already have a Chase Bank login, all you’ll likely need is your username and password. 

Without being a current Chase customer, you may need to look up some information. In most cases, you won’t need to submit any documents online, simply information. 

The bank requires that you share your name, residence address and a government identification number, which could be your Social Security number (SSN) or Taxpayer Identification Number (TIN).

If you go in person, you may be asked to show a document as proof of identity, such as a driver’s license.

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.

Alternatives to CDs

There are excellent alternatives to CDs which may fit into your financial plan better than or in addition to CDs. 

Get a high-yield savings account

Deposit yields have shot up to the sky over the last year. The national average APY for a one-year CD rose tenfold year-over-year from March 2022. 

However, this increase applies to more than just CDs. Interest on savings accounts joined the trend, making them competitive to CDs, but with much greater liquidity. 

While the Chase Savings℠ is static and offers a maximum APY of 0.01%, the best high-yield savings offer rates around 5.00% APY.

Pay down debt

It can pay off to pay down high-interest debt. Rather than use your cash to invest, use it to reduce your debt so that you pay less in interest on your loans and get out of debt more quickly. You could potentially save more money than you could make. 

After you pay off or significantly pay down your debt, you could then look into deposit vehicles and securities. 

If you’re waffling on which to do, try a balanced approach. Shore up your liquid emergency funds, then use half the money you wanted to invest in CDs to pay down debt and follow through earning yields on the other half. 

Here are two debt-reduction strategies and information on debt management plans.

Is a Chase CD worth it?

The Chase CDs with competitive yields (currently, the three-, six- and 12-month terms) could be worth it if you’re already a Chase customer and don’t want to open a CD at another financial institution. 

There are better CD rates available at other financial institutions, however. Online banks tend to offer top-of-market rates. If you’re willing to open another account, your deposits could earn more interest elsewhere. 

Frequently asked questions (FAQs)

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. 

It’s smart to shop around to find the best CD rates for your savings horizon. Look online to find the best rate for your maturity term and the amount of money you want to contribute. Some banks have a minimum deposit when opening a CD, which can impact the rates you’re offered. Also check with banks you currently have accounts with to see if you get any special rates for being an existing customer (known as a relationship rate at Chase).

The Chase CD early withdrawal penalty depends on the CD’s term. CDs with terms less than six months charge 90 days of interest; six-month to 24-month CDs charge 180 days of interest; CDs of 24 months and more charge 365 days of interest. The interest charged will not be more than the total amount of interest earned.

Yes, existing Chase customers can use Chase CDs to earn higher interest rates on their deposits compared to their Chase checking or savings accounts. Chase customers can also check out the best CD rates on the market today, many of which come from Chase competitors.

A Chase CD is right for Chase customers who want to lock in a higher interest rate on some of their funds and don’t want to go outside of Chase to do so.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Lauren Ward

BLUEPRINT

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.

Taylor Tepper

BLUEPRINT

Taylor Tepper is lead editor for banking at USA Today Blueprint and is an award-winning journalist and former senior staff writer at Forbes Advisor, Wirecutter/New York Times and Money magazine. His work has also appeared in Fortune, Time, Bloomberg, Newsweek and NPR. He lives in Dripping Springs, TX with his wife and 3 kids and welcomes bbq tips.