Chase savings account review

Do you want to see a complete review of the Chase savings account? From Responsible Economy we have analyzed the interest rate, requirements, conditions and all the features offered by the Chase savings account. You also have an explanatory video and a comparison with the best savings accounts of 2023. Welcome!

Video with all features

The first thing we do is show you a video with all the features of the Chase savings account:

YouTube video
Chase savings account


In this section we show you the most important points of the Chase savings account:

Interest rate

The interest rate offered by Chase is 0.01% APY. This interest rate is ridiculous because there are banks that are offering an interest rate higher than 4%. We cannot understand why Chase offers such a low interest rate on such an important product.


Savings accounts do not have terms or penalties for withdrawals. You can leave the money in the account and withdraw it whenever you want.


The Chase Savings account has a fee of $5 per month unless you meet one of the following requirements:

  • A balance at the beginning of each day of $300 or more in this account
  • $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account
  • Chase College Checking account linked to this account for Overdraft Protection
  • An account owner who is an individual younger than 18
  • A linked Chase Premier Plus Checking, Chase Sapphire, Checking, or Chase Private Client Checking account

Best savings accounts 2023

We have made a comparison of the Chase savings account with the best savings accounts you can open in the United States in 2023:

CIT Bank Logo
  • 4,05% APY
  • Minimum deposit: $100
  • No welcome bonus
  • Member FDIC
Marcus by Goldman Sachs
  • 3,75% APY
  • Minimum deposit: $0
  • Welcome bonus: $100
  • Member FDIC
  • 3,75% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo Sofi
  • 3,75% APY
  • Minimum deposit: $0
  • Welcome bonus: $250
  • Member FDIC
Barclays Logo
  • 3,60% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo capital One CDs
  • 3,40% APY
  • Minimum deposit: $0
  • Member FDIC
  • No welcome bonus
Discover logo
  • 3,40 APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC

Video with the best savings accounts

Here you also have a video with the best savings account that you can open in 2023:

Best savings accounts

Pros and cons

Once we have seen all the characteristics of the Chase savings account and we have compared it with the best savings accounts, we have made a table with all the advantages and disadvantages:

High number of ATMsInterest rate very lower
High number of branchesCommissions if you do not meet the requirements
Member of FDIC
Chase Savings Account pros and Cons


To open this savings account you have to meet the following requirements:

  • Must be over 18 years old
  • Live in the United States
  • Have a checking account with Chase

Frequent questions

If you still have any questions, we will answer all your questions here:

More information about Chase

Here you have a interest information about Chase:

Interest information about Chase

Anothers product of Chase

You can also see all the products Chase offers:

Checking accounts: here you have all chase checking accounts. The most popular account is Chase Total Checking.

Related content

Finally, you have a posts related about savings accounts:

Updated the day 23 February, 2023 by Alfredo Barandiarán

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