Chase Savings
Chase Bank
Annual Percentage Yield (APY)
0.01% APY
Monthly Fee
$5
Welcome Bonus
$200
Apply Now →on Chase Bank's website
Transaction limit:Withdrawals beyond six per month are subject to a $5 fee.
Minimum Deposit:$10,000
Annual Percentage Yield (APY):
0.01% APY
Welcome Bonus: $200
Chase offers a $200 bonus when you deposit at least $10,000 in new money within 30 days.
Monthly Fee:
$5
Minimum Deposit:
$10,000
Transaction Limits:
Withdrawals beyond six per month are subject to a $5 fee.
Chase's account offers a solid bonus opportunity, especially when bundled with checking accounts for a total of up to $900. However, the low APY and monthly fee may deter some savers looking for higher returns.
Pros:
- Bundling options for higher bonuses
- Established bank
Cons:
- Low APY
- Monthly fee
In summary, Chase Savings may be a suitable option for those seeking a straightforward savings account with the potential for a welcome bonus, particularly when paired with other Chase accounts. However, the low APY and monthly fee could make it less appealing for savers prioritizing higher interest earnings.