Updated
Fact Checked
Nathan Alderman
While Chase's rewards credit cards offer considerable value, Chase CD rates leave a lot to be desired for new customers. For current customers and people looking for longer CD terms, Chase CDs could be a good long-term investment, but are still generally lower than most online banks. Below is a closer look at Chase CD rates, how they compare to other banks, and whether they might be a fit for you.
Chase CD rates for 2024
Rates as of April 12, 2024
APY = Annual Percentage Yield
Term
Chase Standard CD
6 Mo.
9 Mo.
1 Yr.
1.5 Yr.
2 Yr.
3 Yr.
4 Yr.
5 Yr.
3.00%
up to 4.75%
2.00%
2.50%
2.50%
2.50%
2.50%
2.50%
Compare Chase CD rates
You probably won't find Chase CD interest rates on our best CDs list. Better CD rates are available from several top online banks. Compare CD rates below to find the right CD account for your needs.
Rates as of
| Bank & CD Offer | APY | Term | Min. Deposit | Next Steps |
|---|---|---|---|---|
Member FDIC.
| APY: 5.10% | Term: 10 Months | Min. Deposit: $0 | |
Member FDIC.
| APY: 4.70% | Term: 1 Year | Min. Deposit: $2,500 | |
| APY: 5.05% | Term: 1 Year | Min. Deposit: $1 | |
|
| APY: 5.15% | Term: 9 Months | Min. Deposit: $1 | |
Member FDIC.
| APY: 4.75% | Term: 1 Year | Min. Deposit: $500 |
Sorry, we didn't find any CDs that meet those criteria.
Details about Chase CDs
Pros
- Multiple CD terms from one month up to 10 years
- Relationship CD rates for Chase customers
Cons
- Rates aren't competitive
- High minimum deposit
- Early withdrawal penalties of as much as 365 days of interest
Chase CD review
Chase CD interest rates might compete with your local brick-and-mortar bank, especially for existing Chase customers. When measured against CDs from top banks, though, Chase CD interest rates aren't impressive.
Individuals with a linked Chase checking account have access to higher Chase CD interest rates. As a result, current customers benefit most from Chase CD interest rates.
Despite their unimpressive interest rates, Chase CDs are a solid option for customers looking to build a CD ladder. Chase offers 17 CD term options ranging from one month to 10 years -- perfect for a CD ladder.
And like most banks, there are no monthly fees associated with Chase CD accounts. Note that opening a Chase CD requires a $1,000 minimum deposit and the bank's best rates often require a much higher balance
RELATED: See The Ascent's list of the best Chase credit cards
Rates as of April 12, 2024
APY = Annual Percentage Yield
| 6 Mo. APY | 9 Mo. APY | 1 Yr. APY | 1.5 Yr. APY | 2 Yr. APY | 3 Yr. APY | 4 Yr. APY | 5 Yr. APY |
|---|---|---|---|---|---|---|---|
| 3.00% | up to 4.75% | 2.00% | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
Who is a Chase CD right for?
Chase CDs are a good option for people looking for CD terms beyond five years. They're also an attractive choice for customers with a Chase checking account, which gives you access to higher relationship rates.
Keep reading about Chase Bank
- Chase Bank Review
- Chase Savings Account Review
- Chase Total Checking Review
- Chase Business Complete Banking Review
- Chase Bank Promotions
Our CDs methodology
At The Motley Fool Ascent, certificates of deposit (CDs) are rated on a scale of one to five stars, primarily focusing on annual percentage yield (APY) and early withdrawal penalty fees. Our highest-rated CDs generally include competitive APYs without complex qualification tiers, low withdrawal fees, reliable brand trust and reputation, and ease of use.
See our full Ratings Methodology here.
FAQs
-
Few banks offer CD terms beyond five years. With terms up to 10 years, Chase CDs are ideal for customers who want to build a CD ladder.
-
Chase CD interest rates aren't competitive with those of the best online banks, but the APYs of several popular term lengths are quite high for a branch-based bank. For this reason, they could be a valuable savings tool for current Chase checking customers because of access to higher relationship CD rates.
Our Banking Experts
Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers.
Matt is a Certified Financial Planner™ and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice for The Ascent and its parent company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly investment column ("Ask a Fool") that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets. He’s a graduate of the University of South Carolina and Nova Southeastern University, and holds a graduate certificate in financial planning from Florida State University.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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