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Chase is one the best banks of 2023, notably because it has a large branch network and variety of bank accounts.
Chase has two savings accounts:
Chase Bank Savings Account Rates
| Account Tier | APY |
| Chase Premier Savings standard rate | 0.01% |
| Chase Premier Savings relationship rate | 0.02% |
To obtain a relationship rate on the Chase Premier Savings Account, you must link
Chase Savings Account Rates
You'll need to meet one of the following requirements each month to avoid the fee: maintain a $300 balance, automatically transfer $25 each month from your Chase checking account, link to Chase College Checking for Overdraft Protection, or link to a qualifying Chase checking account. If you're under the age of 18, the fee will be waived for you automatically.
If you're strictly looking for a competitive savings account, online banks offer significantly higher rates right now.
Chase Premier Savings Rates
The
The
If you don't qualify to waive the
Compare savings accounts
Chase Savings Rates Pros and Cons
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Compare Chase Bank Savings Account Rates
Chase Savings vs. Bank of America Savings
Both Chase and Bank of America rates are low, overall. Each offers multiple ways to waive monthly fees — but if you don't qualify to waive the fee at either bank, you may prefer Chase. Chase charges $5 monthly on
You can earn cash-back rewards with Bank of America when you have a savings account, but Chase has automatic savings tools. You must opt into any of these services, so you don't have to use them if you don't want to.
Chase Savings vs. Wells Fargo Savings
Wells Fargo and Chase savings have a similar structure. Both
Chase doesn't require a minimum opening deposit and makes it easier to waive the $5 monthly service fee. Meanwhile, Wells Fargo has a feature called Save As You Go®, which transfers $1 into your Way2Save Savings Account from checking each time you swipe your debit card.
Why You Should Trust Us: How We Review Chase Savings Accounts
We rate bank accounts on a scale from zero to five stars. For our Chase Savings Rates review, we used our bank account methodology which looks at interest rates, minimum opening deposits, monthly service fees, customer support availability, mobile app ratings, and ethics of the company.