Chase CD rates and review
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- 1-year APY
- 0.01%
- 3-year APY
- 0.01%
- 5-year APY
- 0.01%
Our verdict
Relationship rates are decent, but non-Chase customers can do better elsewhere.
Chase CDs are a good option if you’re already a Chase customer with an account that can get you relationship rates for its personal or business CDs. Their relationship rates are competitive, offering up to 5% APY and require a $100,000 opening deposit. But if you’re not a Chase customer, you'll end up sacrificing when it comes to interest rates. Rates vary by zip code, but non-relationship rates are around 0.01% for all terms and deposit amounts. There are also business CDs, which feature high relationship rates. But without a linked business account, you’ll earn a low 0.01%. Ladder CDs are available as well, but the rates are low.
Best for: Existing Chase customers who can get relationship rates.
Overview of Chase CD rates
Chase CDs compound daily, and depending on your term, your interest may be paid monthly, quarterly, semi-annually or annually. But overall, Chase’s standard CD terms are simply poor.
Although Chase states rates can vary by zip code, you’ll likely earn a 0.01% APY no matter what term you choose with non-relationship rates. That APY is very low, and also much lower than the average for regular savings accounts, which sits at 0.46%. Additionally, you’ll need at least $1,000 for an opening deposit to get a standard CD.
Chase’s relationship CDs can offer up to 5% APY, but those terms and rates require a $100,000 minimum deposit. That deposit requirement isn’t something that most people can qualify for, and it requires being an existing Chase customer with a checking account.
Taking in the low rates, high deposit requirements and the fact that rates can vary, it’s hard to recommend Chase’s standard or relationship CDs.
| Standard CD term | APY | Minimum deposit |
|---|---|---|
| 1 month | 0.01% | $1,000 |
| 2 months | 0.01% | $1,000 |
| 3 to 5 months | 0.01% | $1,000 |
| 6 to 8 months | 0.01% | $1,000 |
| 9 to 11 months | 0.01% | $1,000 |
| 12 to 14 months | 0.01% | $1,000 |
| 15 to 17 months | 0.01% | $1,000 |
| 18 to 20 months | 0.01% | $1,000 |
| 21 to 23 months | 0.01% | $1,000 |
| 24 to 29 months | 0.01% | $1,000 |
| 30 to 35 months | 0.01% | $1,000 |
| 36 to 41 months | 0.01% | $1,000 |
| 42 to 47 months | 0.01% | $1,000 |
| 48 to 120 months | 0.01% | $1,000 |
Other types of CDs
Chase used to offer retirement CDs but is no longer issuing new ones.
So aside from the standard CDs, the only other personal options are the CDs with relationship rates — and these are really the only ones worth considering. To qualify for the relationship rates, you’ll need a Chase personal checking account.
Relationship rates are pretty competitive and above national averages. But if you want to earn the highest APY available, you’ll need to deposit at least $100,000.
| Relationship CD term | APY for deposit $1,000 to $9,999 | APY for deposit $10,000 to $99,999 | APY for deposit $100,000+ |
|---|---|---|---|
| Featured term 90 to 179 days | 3% | 3% | 3% |
| Featured term 6 to 8 months | 4% | 4% | 5% |
| Featured term 12 to 14 months | 3% | 3% | 3% |
| 1 month | 0.02% | 0.02% | 0.02% |
| 2 months | 0.02% | 0.02% | 0.02% |
| 9 to 11 months | 0.02% | 0.05% | 0.05% |
| 15 to 17 months | 3% | 3% | 3% |
| 18 to 20 months | 3% | 3% | 3% |
| 21 to 23 months | 3% | 3% | 3% |
| 24 to 29 months | 3% | 3% | 3% |
| 30 to 35 months | 3% | 3% | 3% |
| 36 to 41 months | 3% | 3% | 3% |
| 42 to 47 months | 3% | 3% | 3% |
| 48 to 120 months | 2% | 2% | 2% |
Chase business CDs
Chase’s non-relationship business CDs will have the same low rate as the standard CDs, sitting at 0.01% APY. But if you have a business checking or savings account with Chase, you may qualify for these relationship rates.
| Business CD term | Relationship APY for deposit $1,000 to $9,999 | Relationship APY for deposit $10,000 to $99,999 | Relationship APY for deposit $100,000+ |
|---|---|---|---|
| 1 month | 0.02% | 0.02% | 0.02% |
| 2 months | 3.00% | 3.00% | 4.00% |
| 3 to 5 months | 3.00% | 3.00% | 3.00% |
| 6 to 8 months | 4.00% | 4.00% | 5.00% |
| 9 to 11 months | 0.02% | 0.05% | 0.05% |
| 12 to 14 months | 3.00% | 3.00% | 3.00% |
| 15 to 17 months | 3.00% | 3.00% | 3.00% |
| 18 to 20 months | 3.00% | 3.00% | 3.00% |
| 21 to 23 months | 3.00% | 3.00% | 3.00% |
| 24 to 29 months | 3.00% | 3.00% | 3.00% |
| 30 to 35 months | 3.00% | 3.00% | 3.00% |
| 36 to 41 months | 3.00% | 3.00% | 3.00% |
| 42 to 47 months | 3.00% | 3.00% | 3.00% |
| 48 to 120 months | 2.00% | 2.00% | 2.00% |
Chase CD ladders
Chase’s CD ladders are groups of four CDs opened at the same time, but rates are low, offering up to 0.05% for relationship rates, and standard rates are 0.01% APY.
More about Chase’s CDs: Deposits, fees and details
| What it is | Details | How it compares |
|---|---|---|
| Minimum deposit | $1,000 | Typical amongst competitors. |
| Term range | 1 month to 10 years | Wider range than average. |
| Early withdrawal penalties |
If the withdrawal happens less than 7 days after opening, the withdrawal may not be permitted if interest hasn’t accrued, and withdrawal penalties will apply. | Strict and hefty, many competitors have a blanket withdrawal penalty, typically from 90 to 180 of accrued interest, or a flat fee. |
| Grace period | 10 days after the maturity date for CDs with a term of 14 days or longer. | Typical amongst competitors. |
Cashout and rollover details
If you don’t withdraw your CD within the 10-day grace period, Chase automatically renews the CD for the same term and new maturity date. You’ll get the APY offered on the maturity date, which may be lower or higher than you had originally.
Chase recommends talking to a Chase banker during your 10-day grace period for changes to your CD to determine if you want to renew or withdraw your CD.
How Chase’s CD rates compare
Chase’s relationship CD rates are higher than the national average and in line with top competitors. But if you don’t have a qualifying account with Chase to get the relationship rates, you’ll get stuck with a dismal rate of 0.01%, no matter what your term or deposit amount is.
Chase’s withdrawal penalties are also a little more intense than other competitors, whereas most other banks have the same penalty for all their CDs. Chase’s penalty depends on your CD term, with higher interest penalties for longer terms.
All in all, Chase offers a wide variety of terms to choose from, but to get the best rates, you’ll need to be a customer. The bank does offer multiple personal checking accounts and business accounts to choose from, and one of its more popular personal accounts is Chase Total Checking.
Compare Chase to competitor rates
Narrow down top CDs by APY and minimum deposits to find the best one for your financial goals. You can also tick the Compare box on up to four products to see their features side by side.
Your reviews
Bethany Finder
Editor, Banking
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