Chase savings account review

Do you want to explore a comprehensive review of the Chase savings account? Responsible Economy has thoroughly analyzed the interest rate, requirements, conditions, and all the features offered by the Chase savings account. We also provide an explanatory video and a comparison with the best savings accounts. Welcome!

Video with all features

Firstly, we present a video showcasing all the features of the Chase savings account.

YouTube video
Chase savings account


In this section, we highlight the most important points of the Chase savings account:

Interest rate

The interest rate offered by Chase is 0.01% APY. We find this interest rate to be considerably low, especially when compared to other banks offering rates higher than 4%. It raises questions about why Chase provides such a low interest rate for such a crucial financial product.


Savings accounts do not have specific terms or penalties for withdrawals, providing flexibility to keep money in the account or withdraw it as needed.


The Chase Savings account has a monthly fee of $5 unless one of the following requirements is met:

  • A balance of $300 or more in this account at the beginning of each day.
  • $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account.
  • A linked Chase College Checking 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 conducted a thorough comparison of the Chase savings account with the best savings accounts available in the United States:

CIT Bank Logo
  • 4.05% APY
  • Minimum deposit: $100
  • No welcome bonus
  • Member FDIC
Marcus by Goldman Sachs
  • 4.30% APY
  • Minimum deposit: $0
  • Welcome bonus: $100
  • Member FDIC
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo Sofi
  • 4.50% APY
  • Minimum deposit: $0
  • Welcome bonus: $250
  • Member FDIC
Barclays Logo
  • 4.35% APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC
Logo capital One CDs
  • 4.30% APY
  • Minimum deposit: $0
  • Member FDIC
  • No welcome bonus
Discover logo
  • 4.30 APY
  • Minimum deposit: $0
  • No welcome bonus
  • Member FDIC

Savings accounts calculator

We have developed a deposit calculator so that you can easily see how much money you can earn:

Chase savings account calculator

Chase savings account calculator

Your earnings:
Total Result:

Video with the best savings accounts

Additionally, we have created a video featuring the best savings accounts that you can open in 2023.

Best savings accounts

Pros and cons

After examining all the characteristics of the Chase savings account and comparing it with the best options, we have compiled a table listing 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 must meet the following requirements:

  • Be over 18 years old.
  • Reside in the United States.
  • Have a checking account with Chase.

Frequent questions

If you still have any questions, we are here to address them:

More information about Chase

For additional details, you can visit Chase’s official website and follow them on social media platforms.

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, we provide posts related to savings accounts to keep you informed about the various options available.

Updated the day 1 September, 2023 by Alfredo Barandiarán

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