bank rates

Chase’s 60-Month CD Rates Fall To 2%

You'll need a $10,000 minimum deposit to earn this rate.We’re sad to report that our lukewarm and, OK, somewhat snarky excitement for Chase’s CD rates was short-lived.

Its 60-month CD special appears to be back at 2.00% APY for many geographic areas.

We’ll put away the pompoms.

While some states can still earn 2.25% APY with a $10,000 minimum deposit — required for all of Chase’s CD specials — that rate isn’t nearly as widespread as it was the last time I wrote about this big bank.

As usual, we viewed CD rates on Chase’s website ( using a random sampling of ZIP codes from across the country.

We found 2.25% APY for 60-month CDs in Delaware, Iowa, Maryland, Mississippi, North Carolina, Pennsylvania, Virginia and Washington, D.C.

States earning 2.00% APY include California, Florida, Illinois, Michigan, New Jersey, New York, Texas and West Virginia.

Be sure to plug in your ZIP code to find the specific rate for where you live.

Even Chase’s 2.00% offering is still better than the average annual yield large banks and thrifts are offering for that term, which is 1.69% for the second straight week.

But it’s not as good as the top nationally available 60-month CD rate on our on latest CD Rates Leaderboard. That’s 2.80%, thanks to Sovereign Bank.

Chase’s other CD specials barely eek out above average for their terms, but they are better than the standard offerings, which require a lower $1,000 minimum deposit.

Only one of those CDs — the 36-month CD, paying 1.01% APY –matches its term’s average. The others fall short.

Remember, only Chase customers with a qualified checking account can get these rates.

Not you? Don’t worry about it. Head to our CD Rates Leaderboard instead of one of Chase’s 2,500 branches.

You’ll find better deals if you compare Chase’s returns with the best CD rates from scores of other banks in our extensive database.

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Comments (2)
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2 Existing Comments
  1. Kathy at Bankaholic said:
    on June 22nd at 10:24 am

    Still at 2.00% APY, depending on location, as of today.

  2. Kathy at Bankaholic said:
    on July 11th at 07:52 am

    Rate is still good today.