Chase Savings

Chase Savings is the entry-level savings account at JPMorgan Chase, with more than 14,000 ATMs and 5,000 branches, per Chase's savings page. It is built as a companion to a Chase checking account, which is how several of its fee waivers work. As a place to earn interest, it pays very little. The number that matters: Chase Savings pays 0.01% APY on every balance tier, per Chase's consumer deposit rates sheet in effect as of October 9, 2026 (the New York sheet; rates vary by market, and Chase's web page asks for a ZIP code). A $10,000 balance earns about $1 per year. Chase Premier Savings, the premium tier, pays 0.02% APY at its relationship rate (0.01% standard), and unlocking it requires a linked qualifying Chase checking account plus at least five customer-initiated transactions per month. The fee schedule can push the real return negative. Chase Savings charges a $5 monthly service fee unless you keep at least $300 in the account at the start of each day, receive $25 or more per month in Autosave or other repeating automatic transfers from a personal Chase checking account, link a qualifying Chase checking account (or a Chase College Checking account with Overdraft Protection), or are under 25. Pay the fee for a year and a $1,000 balance loses $60 while earning about 10 cents. Chase says the account does not require a minimum balance to open, and it is FDIC insured up to $250,000 per depositor. The honest case for keeping one: you already bank with Chase, you want a savings account linked to your Chase checking, or you value being able to walk into a branch. For a few hundred dollars that you want linked to Chase checking, the rate hardly matters. If you hold meaningful cash, compare the 0.01% APY here with other accounts' current rates before deciding where to keep it. The figure comes from Chase's own rate sheet, and rates can vary by market, so check the rate for your ZIP code on Chase's page.