Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure
Chime Savings
Terms and Conditions Rates and fees
Go to site
Annual Percentage Yield (APY)

2.00%

Fee
$0
Minimum deposit to open
$0

Our verdict

This savings account earns 2.00% APY and comes with roundup and recurring transfer features.

Chime Savings is packed full of features to help you grow your savings. You'll earn a 2.00% Annual Percentage Yield (APY), nearly five times higher than the current national average of 0.42%. You can set up recurring transfers to move 10% of your paycheck to savings automatically and round up purchases with your Chime card for additional savings. But you need a Chime Checking account to open the account. Also, Chime's record isn't squeaky clean, either, with thousands of customer complaints stemming from accounts being closed unexpectedly and without notice.

Best for: Existing Chime customers in need of a low-cost savings account with roundup features.

Pros

  • No monthly fees
  • Decent 2.00% APY
  • Savings roundups
  • Auto deposit up to 10% of paycheck

Cons

  • Requires Chime Checking Account
  • Inexplicable account closures

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

Who is the High-Yield Chime Savings Account best for?

This account is best suited for existing Chime customers, since the High-Yield Chime Savings account requires a Chime® Checking account. If you’re looking for an easy way to start accumulating a little nest egg, it’s a great option, because you can set up roundups and automatic withdrawals from your paycheck.

The cherry on top are things everyone likes: The account doesn’t cost any monthly fees or require an opening deposit. There are also no minimum balance requirements to earn interest.

What we like about the Chime Savings Account

Chime isn’t a bank — it’s a fintech company with banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., which are FDIC-insured up to $250,000. So while Chime isn’t a bank itself, its accounts are insured thanks to its partner banks.

No monthly fees

There are no monthly maintaince fees with the Chime savings account. And while getting this account does require the Chime checking account, that account also doesn’t have any monthly fees.

There’s also no opening deposit or balance requirements to start earning 2.00% APY.

Savings on autopilot

The account comes with two automatic features called Round Ups and Save When I Get Paid.

The Round Up feature rounds up your purchases to the nearest dollar and transfers the extra into your Chime Savings account. The Save When I Get Paid feature allows you to opt in to automatically transfer 10% of each paycheck into your savings.

Chime has a ton of other features, too

Getting the Chime savings account does require getting the Chime checking account, but the checking comes with a ton of perks.

Having the checking account and direct deposit of $200 per month may qualify you for Chime’s cash advance service MyPay and Chime’s overdraft service SpotMe®.

There’s also the Chime Credit Builder Secured Visa® Credit Card with no APR that is unlocked by having the checking account. It doesn’t have any monthly or annual fees, 0% APR and reports payments to all three major credit bureaus. It’s designed to help build credit history, so you can only spend when you deposit from the Chime checking account.

And lastly, one of the other features worth mentioning is the ability to file your federal and state tax returns in the Chime app if you have an account. Chime’s tax filing doesn’t have any fees, and if you send your refund to your Chime account, you could receive it up to six days early.

Where it falls short

You must have the Chime Checking account to get the Chime Savings account, which isn’t super convenient if you are just looking for a savings account. There are many other high-yield savings accounts that don’t require a paired account.

Another downside is Chime doesn’t support joint accounts, which isn’t ideal for spouses, life partners or families looking to pool their savings together.

Withdrawals may be a pain

To withdraw funds from your Chime Savings account, you must first put the money into your Chime checking account, then withdraw that from an ATM. As an online fintech, Chime doesn’t have any physical branches or its own ATM network, but you can use in-network MoneyPass, Allpoint and Visa Plus Alliance ATMs at no cost.

Thousands of customer complaints

Chime doesn’t have the best reputation at the moment. It has thousands of complaints on its Better Business Bureau (BBB) profile and the Consumer Financial Protection Bureau (CFPB). Nearly all complaints are from customers reporting their accounts were closed without notice and many experiencing trouble getting their funds after the accounts were closed.

Reportedly, a large number of sudden account closures appears to be the result of a security measure that’s supposed to fight fraud.

Compare High-Yield Chime Savings to other savings accounts

Narrow down top savings accounts by opening deposits, fees and APY. To see providers side by side, select the Compare box on up to four accounts.

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"savings_calculator_table","nicheCode":"USFSA","fields":[{"name":"PERIOD","value":"1","options":"","label":"Years to save","suffix":"","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"INITIAL_DEPOSIT","value":"1000","options":"","label":"Initial deposit","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":"Select Calculate to see your estimated total balance based on the current APY for each product below"}]}
1 - 6 of 23
Product USFSA Finder Score Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Bonus offer Estimated total balance
SoFi logo
Finder score
Traditional savings,Checking
Up to

3.80%

Up to $250,000
$0
$0
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until January 31, 2026.
$1,038
Raisin logo
Finder score
Traditional savings

4.39%

Up to $250,000
$0
$1
$250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
$1,043.90
American Express logo
Finder score
Traditional savings

3.70%

Up to $250,000
$0
$0
$1,037
Barclays Tiered Savings
Barclays logo
Finder score
Traditional savings
Up to

4.40%

Up to $250,000
$0
$0
$1,044
Uphold USD Interest Account
Uphold logo
Finder score
Savings app
Up to

4.40%

Up to $2.5 million
$1
$0
$1,044
Wealthfront logo
Finder score
Cash management account

4.00%

Up to $8M FDIC insurance
$1
$1
$1,040
loading

What is the Finder Score?

The Finder Score crunches over 250 savings accounts from hundreds of financial institutions. It takes into account the product's interest rate, fees, opening deposit and features - this gives you a simple score out of 10.

To provide a Score, Finder’s banking experts analyze hundreds of savings accounts against FDIC-reported national averages as a baseline. Accounts with rates well over the national average are scored the highest, while accounts with rates well below are scored low.

Read the full Finder Score breakdown

Customer reviews and ratings

BBB accreditedNo
BBB ratingB-
BBB customer reviews4.23 out of 5 stars, based on 2755 customer reviews
Trustpilot score3.5 out of 5 stars, based on 10,172 customer reviews
Customer reviews verified as of29 January 2025

There is a lot of feedback for Chime. A few years ago, Chime had issues with sudden account closures due to issues with its fraudulent flagging system, causing customers to lose access to their money. As expected, this resulted in thousands of negative reviews and Better Business Bureau (BBB) complaints. However, Chime no longer has an alert on its BBB profile about account closures, and negative reviews have slowed down a lot.

There are still some customer complaints about locked or frozen accounts and issues with cards not working, but these are typical. Most people leave reviews or complaints on the BBB if something goes wrong, so we expected to see this. Chime also makes an effort to respond to BBB complaints.

Chime also gets a lot of positive feedback. The Chime checking and savings accounts receive high marks on Trustpilot and Reddit, mostly due to the easy-to-use app, lack of monthly fees, early direct deposit and SpotMe feature. Many new reviews also mention the Chime Credit Builder card, with customers saying it has helped them improve their credit history.

How to contact Chime support

You have three support options to reach Chime:

  • Chat with a representative by tapping the messaging icon in the app
  • Email support@chime.com
  • Call 844-244-6363

Frequently asked questions

How often does the Chime Savings account gain interest?

Chime Savings interest is paid monthly.

How much money can I put in a Chime Savings account?

The Chime checking account has a maximum balance limit of $10,000, but the savings account has no balance limit or minimums.

Does Chime SpotMe® work with the savings account?

No, the overdraft service SpotMe doesn’t work with the Chime savings accounts. SpotMe can allow users to overdraft on their Chime checking account up to $200. The cash advance apps that work with Chime are also for the Chime checking account.

Savings account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.

Read the full methodology of how we rate savings accounts.

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC. Savings account: Chime Checking Account is required to be eligible for a Savings Account. APY: The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest. Credit Builder: To apply for Credit Builder, you must have an active Chime® Checking Account. Security deposit: Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month. No interest: Out-of-network ATM withdrawal and OTC advance fees may apply. View the Bancorp agreement or Stride agreement for details; see back of card for issuer.

Your reviews

4.6
★★★★★(0)
5
4
3
2
1

All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

10 of 11 reviews

★★★★★ Ricardo (Louisiana) 1 year ago

Via customer survey commissioned by Finder

Quality service


★★★★★ Jeff (Wisconsin) 1 year ago

Via customer survey commissioned by Finder

Haven't really had any problems with them when I do contact them and get answered right away


★★★★★ Melisse (Ohio) 1 year ago

Via customer survey commissioned by Finder

They have round up at end of night where it rounds up my perc. to nearest dollar right in my savings account


★★★★★ Maggie (California) 1 year ago

Via customer survey commissioned by Finder

Good savings rates


★★★★★ Sharon (Texas) 1 year ago

Via customer survey commissioned by Finder

Because they offer a High-yielding interest rate for their savings account


★★★★★ Sparkle (Georgia) 1 year ago

Via customer survey commissioned by Finder

Chime is a very user friendly banking app that ia strictly online. It is wonderful for basic banking needs. However, it is not considered an actual bank with many credit building sites or lenders I would like to use. And customer service can be difficult because of the language barrier.


★★★★★ Chris (Texas) 1 year ago

Via customer survey commissioned by Finder

You can just sign up on your phone


★★★★★ Casey (West virginia) 1 year ago

Via customer survey commissioned by Finder

It could have better perks


★★★★★ Carla (Florida) 1 year ago

Via customer survey commissioned by Finder

Fantastic service and maintenance. Not a single mistake in 4 years.


★★★★★ Paul (California) 1 year ago

Via customer survey commissioned by Finder

Simple online process


Ask a question

Ask a question
Avatar

Bethany Finder

Editor, Banking

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site