bank rates

Chase Bank Now Has No Average CD Rates

Even record-low average CD rates can’t make the ones at Chase Bank look better.

The New York-based big bank no longer has a single rate above average among its standard offerings and CD specials.

And Chase’s CD specials are even less special than when we last looked in late summer.

The 36-month CD special has sunk to 0.50% APY, and the 60-month CD special pays just 0.75% APY.

Chase requires a $10,000 minimum deposit and a checking account to get those “special” rates.

The average annual yield offered by large banks and thrifts for 36-month CDs is 0.59% this week; for 60-month CDs, 0.96%.

The top nationally available 36-month CD rate on our CD Rates Leaderboard is 1.42% APY, and the top 60-month CD rate has dropped to 1.81% APY.

Chase’s standard offerings require a lower $1,000 minimum deposit and a checking account:

6-month CD rate is 0.15% APY versus an average rate of 0.18% APY. (Leaderboard leader is 0.91% APY.)

12-month CD rate is 0.25% APY versus an average rate of 0.29% APY. (Leaderboard leader is 1.11% APY.)

24-month CD rate is 0.40% APY versus an average rate of 0.47% APY. (Leaderboard leader is 1.30% APY.)

36-month CD rate is 0.45% APY versus an average rate of 0.59% APY. (Leaderboard leader is 1.42% APY.)

Like most big banks, Chase asks you to input your ZIP code on the website to find rates specific to your geographic area. The rates featured in this post are for Illinois.

To buy a Chase CD, you need to live in a state where Chase has one of more than 2,500 branches.

You can learn more about Chase at www.chase.com or call 877-242-7372.

There are definitely better deals out there, and you’ll find them if you compare Chase’s returns with the best CD rates from scores of other banks in our extensive database.

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