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 Maturity | APY |
|---|---|
| 3 Months | 2.25% |
| 6 Months | 2.50% |
| 12 Months | 3.00% |
Inside this article
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 Lengths | Between 1 month and 10 years |
| Compounding Schedule | Daily |
| Early | 90 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 maturity | 10 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 Length | APY | Total Earnings with $10,000 Contribution |
|---|---|---|
| 1 Month | 0.02% | $0.17 |
| 2 Month | 0.02% | $0.33 |
| 3 Month | 2.25% | $56.41 |
| 6 Months | 2.50% | $125.78 |
| 9 Months | 0.02% | $1.50 |
| 12 Months | 3.00% | $304.53 |
| 15 Months | 0.02% | $2.50 |
| 18 Months | 0.02% | $3.00 |
| 21 Months | 0.02% | $3.50 |
| 24 Months | 2.02% | $412.26 |
| 30 Months | 1.51% | $384.71 |
| 36 Months | 2.02% | $624.72 |
| 42 Months | 1.51% | $542.70 |
| 48 Months | 1.51% | $622.60 |
| 60 Months | 1.51% | $784.22 |
| 84 Months | 1.51% | $1,114.86 |
| 120 Months | 1.51% | $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.