Chase Interest Rates: How to Get the Bank’s Best Rates
JPMorgan Chase is a global financial institution that offers a range of customer products and services. Chase might be the best bank for you if you need everything from checking and savings accounts to high-level investments. But not every customer at Chase gets the same interest rates, so you’ll have to examine the bank’s offerings if you’re in search of the best bank interest rates.
Here’s a list of the main types of consumer accounts at Chase, along with current interest rates and suggestions on how you can get the best rates at Chase.
How To Get the Best Chase Interest Rates
Interest rates cut both ways. Whether you’re a saver or an investor, you’ll want high rates; if you’re a borrower, you want low interest rates. Factors that can affect the rate you earn on checking and savings accounts at Chase include the type of account you open, the amount of money you deposit, and your existing banking relationship. Your credit score will play an important role in getting the best Chase loan rates.
Chase has a range of products fit for many financial needs. Chase checking accounts offer 0.01% APY across the board, but its savings account have more interest rate options depending on the type of product and the amount you deposit, offering anywhere from 0.01% APY to 0.09% APY. Additionally, Chase offers a multitude of CDs including those with long terms. Product type and balance also affect CD rates, with CD accounts offering 0.02% APY for the shorter, standard terms and a higher rate of 1.50% APY for its 120-month relationship term.
Here’s an overview of Chase’s account types:
|Chase Total Checking||Checking Account|
|Chase Premier Plus Checking||Checking Account|
|Chase Premier Platinum Checking||Checking Account|
|Chase Student Checking||Checking Account|
|Chase Savings||Savings Account|
|Chase Premier Savings||Savings Account|
|Chase Premier Savings||Savings Account, Relationship|
|1-17 months||CD Account, Standard|
|18-41 months||CD Account, Standard|
|42-59 months||CD Account, Standard|
|60-119 months||CD Account, Standard|
|120 months||CD Account, Standard|
|1-11 months||CD Account, Relationship|
|1-14 months||CD Account, Relationship|
|12-14 months||CD Account, Relationship|
|15-17 months||CD Account, Relationship|
|18-20 months||CD Account, Relationship|
|21-35 months||CD Account, Relationship|
|36-47 months||CD Account, Relationship|
|48-59 months||CD Account, Relationship|
|60-119 months||CD Account, Relationship|
|120 months||CD Account, Relationship|
|15-year fixed rate||Mortgage|
|30-year fixed rate||Mortgage|
Chase Checking Account Interest Rates
Chase offers four types of checking accounts:
- Chase Total Checking
- Chase Premier Plus Checking
- Chase Premier Platinum Checking
- Chase Student Checking
Only two of these accounts — the Chase Premier accounts — pay interest. Every interest-bearing checking account at Chase pays the same 0.01% rate, as of June 14, 2022, regardless of the size of your account or any other banking relationships you might have with Chase.
Chase Savings Account Interest Rates
Chase offers two types of savings accounts:
- Chase Savings
- Chase Premier Savings
You can earn the best interest rates on a Chase savings account in any of three primary ways:
- Open a Chase Premier Savings account.
- Deposit at least $250,000.
- Link your account to an active Chase Premier Plus Checking or Chase Premier Platinum Checking account.
With any balance on deposit, you can earn at least 0.01 percent on your Chase Premier Savings balance. However, when you link your savings account to one of these two Chase checking accounts, you’ll earn “relationship” benefits, including a higher yield. With a relationship, you’ll earn a rate of at least 0.04 percent and as much as 0.09 percent depending on your balance, with deposits of at least $250,000 earning the highest rates.
For the basic Chase Savings account, you will earn 0.01% APY on your balance, regardless of how much you deposit at the bank or if you have a banking relationship.
Chase Mortgage Interest Rates
Chase offers both fixed-rate and adjustable-rate mortgages. Fixed-rate loans are either 15 years or 30 years, whereas adjustable-rate loans are either a 7/6 month ARM or a 5/6 month ARM, meaning it is an adjustable-rate mortgage. As of June 14, 2022, Chase mortgage rates are as follows:
- 30-Year Fixed: 6.125% rate, 6.211% APR
- 15-Year Fixed: 5.250% rate, 5.405% APR
- 7/6 Month ARM: 5.125% rate, 4.479% APR
- 5/6 Month ARM: 5.000% rate, 4.207% APR
The best bank rates are not available for every Chase customer. In addition to other requirements, the way to get the best Chase mortgage rates are to put 20% down and have excellent credit.
Chase Personal Loan Interest Rates
Although the bank does offer other types of loans, Chase personal loans don’t exist, per se. The bank does offer mortgage refinancing loans, however. When you apply for a refinancing loan, Chase will review your credit history, look at your current mortgage, and ask about your current financial situation. If you qualify, the bank will recommend either a fixed-rate or an adjustable-rate mortgage, with a term of either 15 or 30 years. Interest rates will vary based on a combination of all of these factors.
Chase Certificate of Deposit Interest Rates
Chase offers a wide range of CDs, ranging in maturity from one month to 120 months. Standard rates range from a one-month 0.02% APY to 1.50% APY for a ten-year CD.
Chase customers have three ways to get better rates. The first is to link a Chase personal checking account to your CD account. Doing this will qualify you for relationship rates as high as 0.60% APY. The next is to make a larger deposit, as rates generally step up at the $10,000 and $100,000 deposit levels. The final way is to take advantage of “featured terms,” or those maturities that Chase promotes with higher rates. For example, a $1,000, 119-month CD pays a standard rate of 0.25 percent, but a featured term of a 120-month CD offers 1.50% APY. CD rates at Chase top out with a $100,000+ deposit into a 120-month CD under relationship rates, paying a 1.30% APY.
Chase pays or charges interest on a wide range of products. The best way to get better rates across the board is to have a combination of excellent credit, a large account, and a banking relationship with the firm. You can learn more by visiting Chase Bank online, downloading the Chase mobile app, or going into a branch.
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More Bank Interest Rates
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- Bank of America Interest Rates
- Capital One Interest Rates
- US Bank Interest Rates
- Wells Fargo Interest Rates
Information is accurate as of June 14, 2022.
The information related to Chase Premier Plus Checking, Chase Premier Platinum Checking, Chase Student Checking, Chase Savings, Chase Premier Savings, Chase CD Accounts, Chase fixed-rate and adjustable rate mortgages, and Chase mortgage refinancing loans was collected by GOBankingRates and has not been reviewed or provided by the issuer of these products/cards. Product details may vary. Please see issuer website for current information. GOBankingRates does not receive commission for these products.
Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.