Chime Savings
No fee, no minimum: 1.00% APY, 3.00% with Chime Plus, 4.00% with Chime Prime direct deposits (variable, 10/06/2026)
Rates verified October 14, 2026Open accountThe Bottom Line
- APY
- 1.00% (verified Oct 14, 2026). All rates and fees
Key facts
- 1.00% APY standard, 3.00% with Chime Plus and 4.00% with Chime Prime direct deposits (variable, effective 10/06/26).
- No fee and no minimum balance; a Chime Checking Account is required to open it.
- Chime is not a bank: deposits are held at The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC.
Pros
- No monthly fee and no minimum balance; $0.01 in savings is enough to earn interest
- APY rises from 1.00% to 3.00% (Chime Plus) or 4.00% (Chime Prime) with qualifying direct deposits to Chime Checking
- Deposits held at The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC
Cons
- Requires a Chime Checking Account to open, and the higher rates depend on qualifying direct deposits to it
- Chime is not a bank and is not FDIC-insured; FDIC coverage comes from the partner banks
- The APYs are variable, and the 4.00% rate needs $3,000 or more in qualifying direct deposits within the past 34 days
At a glance
Rates verified October 14, 2026The provider's own page dates these rates ; we read the page on the date above.
- APY
- 1.00%
- APY note
- Variable; Chime states the APYs are effective as of 10/06/26. 1.00% APY is the standard rate, with no direct deposit needed. 3.00% APY with Chime Plus (one qualifying direct deposit of $200 or more, or $400 or more cumulative, in the preceding 34 days). 4.00% APY with Chime Prime ($3,000 or more in qualifying direct deposits to Chime Checking in the past 34 days). A Chime Checking Account is required to open Chime Savings, and $0.01 in savings is needed to earn interest.
- Minimum deposit
- None
- Monthly fee
- None
- FDIC
- Chime is not a bank and is not FDIC-insured. Chime Savings is held at The Bancorp Bank, N.A. and Stride Bank, N.A. (Members FDIC), with a limit of $250,000 per depositor, per insured bank, per ownership category.
- Institution
- Chime (deposits held at The Bancorp Bank, N.A. and Stride Bank, N.A.)
Source: chime.com/savings-account, read October 14, 2026
Rates today
Last verified October 14, 2026| Item | Value | Detail |
|---|---|---|
| Standard | 1.00% APY | no direct deposit needed |
| Chime Plus | 3.00% APY | one $200+ qualifying direct deposit or $400+ cumulative in the preceding 34 days |
| Chime Prime | 4.00% APY | $3,000+ qualifying direct deposits to Chime Checking in the past 34 days |
How this rate compares
2.7x
the FDIC national savings average of 0.37% (September 21, 2026). On a $10,000 balance that is about $63 more in a year.
Last verified October 14, 2026
We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.
APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.
Is it worth it?
$100 a year on a $10,000 balance
At 1.00% APY, $10,000 earns about $100 in the first year, versus roughly $37 at the 0.37% FDIC national average (September 21, 2026). That is about $63 more for moving the same money. APY is variable and shown as of the date above.
What is Chime Savings?
Chime Savings is a savings account with no fee and no minimum balance. Chime lists a standard APY of 1.00% with no direct deposit needed, and the rate rises with direct deposits to Chime Checking: 3.00% APY with Chime Plus and 4.00% APY with Chime Prime. The APYs are variable, and Chime's page states they are effective as of 10/06/26. We read them on October 14, 2026.
Chime Plus applies when you receive one qualifying direct deposit of $200 or more, or $400 or more cumulatively, in the preceding 34 days. Chime Prime applies with $3,000 or more in qualifying direct deposits to Chime Checking in the past 34 days. A Chime Checking Account is required to open Chime Savings, and you need $0.01 in savings to earn interest. Chime states there is no fee for the Chime Savings Account.
Chime is not a bank and is not FDIC-insured. Chime Savings deposits are held at The Bancorp Bank, N.A. and Stride Bank, N.A., which are Members FDIC, with a limit of $250,000 per depositor, per insured bank, per ownership category. Because the higher rates depend on how much direct deposit lands in Chime Checking, savers without qualifying direct deposits earn the 1.00% standard rate.
Key details
1.00% APY standard, 3.00% with Chime Plus, 4.00% with Chime Prime (variable, effective 10/06/26)Direct deposit tiers measured over the past 34 days on Chime CheckingNo monthly fee and no minimum balance; $0.01 needed to earn interestDeposits held at The Bancorp Bank, N.A. and Stride Bank, N.A.
Recent changes to these figures
What changed when we last re-read the Chime Savings page, with the date.
- Base APY 0.75% to 1.00%, Chime Plus 2.75% to 3.00%, Chime Prime 3.75% to 4.00%, read on Chime's page.
Chime Savings FAQ
What APY does Chime Savings pay?
As of October 14, 2026, Chime's page lists a standard APY of 1.00%, 3.00% with Chime Plus and 4.00% with Chime Prime. The APYs are variable, and Chime states they are effective as of 10/06/26.
How do I get the 3.00% or 4.00% rate?
Chime Plus (3.00% APY) applies with one qualifying direct deposit of $200 or more, or $400 or more cumulative, in the preceding 34 days. Chime Prime (4.00% APY) applies with $3,000 or more in qualifying direct deposits to Chime Checking in the past 34 days.
What does Chime Savings cost, and do I need Chime Checking?
Chime states there is no fee for the Chime Savings Account and no minimum balance; you need $0.01 in savings to earn interest. A Chime Checking Account is required to open it, and the qualifying direct deposits go to Chime Checking.
Is Chime Savings FDIC insured?
Chime is not a bank and is not FDIC-insured. Chime Savings deposits are held at The Bancorp Bank, N.A. and Stride Bank, N.A., which are Members FDIC, up to $250,000 per depositor, per insured bank, per ownership category.
Source: chime.com