$10,000 in Savings Earns $1 at Chase, but $400 at This Bank

Still saving money with Chase in 2025? If so, you might be missing out on hundreds of easy dollars a year.

Chase's standard savings account pays just 0.01% APY, while some high-yield savings accounts (HYSAs) are offering rates as high as 4.00% APY -- literally 400 times more than what Chase offers.

One of the best right now? The CIT Platinum Savings account, which pays 4.00% APY for balances of $5,000 or more.

Here's how much more you could be earning and how to make the switch.

Get nearly $400 more a year with CIT

Let's say you have $10,000 in your Chase savings account. At 0.01% APY, you'd earn just $1 in interest after an entire year.

Move that same $10,000 to the CIT Platinum Savings account, and you'd earn $400 in the same time frame. That's $399 more per year, just for moving your money to a better account.

And remember: With a high-yield savings account like CIT, you'll still have total access to your money at all times. Plus, as with any decent bank, your cash is FDIC-insured up to $250,000, which means there's no risk involved.

Ready to earn more now? Open a CIT account today and earn 4.00% APY for balances of $5,000 or more.

Switching to an HYSA takes minutes

Opening a high-yield savings account is quick and easy; most applications are completely online and take less than half an hour. Here's what to do:

• Find a savings account with a high APY and no monthly fees
• Open your account online
• Transfer your savings to your new account
• Switch any automatic transfers or withdrawals to your new account
• Close the old account once your switch is complete

Unlike banks with HYSAs, big banks like Chase have tons of physical branches. That means if you prefer in-person service -- or regularly deposit or withdraw large sums of cash -- it may make sense to keep your old account open. But for most people, their new, higher-earning account will do just fine.

And that's it. Once your cash is in the new account, you'll start earning much more interest -- no extra work required.

Stop leaving free money on the table

Keeping your savings with Chase could be costing you hundreds of dollars every year in lost interest. Switching to a high-yield account like CIT Platinum Savings, meanwhile, takes just a few minutes -- and could earn you nearly $400 more per year on a $10,000 balance.

Open a CIT Platinum Savings account today and start making your cash work harder.