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How Chase CD rates compare
Chase CD rates vs. Wells Fargo CD rates
Wells Fargo's term lengths are limited, so if you want a term under three months or over two years, Chase is the clear choice. Chase also requires a smaller opening deposit, so it's the better option for anyone who can't afford an initial deposit with Wells Fargo.
Chase CD rates vs. Bank of America CD rates
Chase CDs and Bank of America CDs have similar rates and term length options, so your choice between the two will likely come down to which bank has a branch closer to your home.
Should you open a Chase CD?
| You may want to open a Chase CD if you: | You might not want to open a Chase CD if you: |
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Chase CD features
You'll need at least
Chase's rates are comparable with other brick-and-mortar banks, but you can find online banks that pay significantly higher rates. If you want to find the highest rate for your savings, it's worth looking at high-yield savings account rates along with CD rates to see which are offering more competitive benefits.
You'll earn a low rate on all terms and balance tiers, unless you also have a Chase chase checking account — then you'll earn a "relationship rate," which can be significantly higher.
This makes Chase a worthwhile option for anyone wanting to stash money for under three months or more than five years. However, if you're open to banking online, there are a few online banks that offer terms over five years and pay higher rates than Chase does.