bank rates

Chase’s ‘Great’ CD Rates Are Just Average

Chase offers truly terrible CD rates to anyone who doesn’t have a checking account at the bank.

It offers below average to slightly above average returns to those who do.
It offers below average, or slightly above average rates to its checking account customers
We know the bank’s Web site promises “Great rates for Chase customers.”

But we were hard-pressed to find anything we’d call great on Chase’s rate sheet.

Indeed, not a single one of Chase’s certificates of deposit even approaches the best nationally available deals you’ll find on our latest CD Rates Leaderboard.

But if you still want one, you need to understand that Chase offers three tiers of CD rates.

The lowest-paying tier is what anyone who walks in off the street at one of the bank’s 5,100 branches is paid (unless you have more than $100,000 to invest).

With these “Non-Relationships” rates you’ll earn from 0.20% APY on a 12-month CD, to 0.75% APY on a 36-month CD and 1.25% APY on a 60-month CD.

All of those returns are well below the national average for those terms (0.52%, 1.05% and 1.53%, respectively.)

If you have a Chase checking account and between $1,000 and $10,000 to invest, you can qualify for the bank’s “Relationship” rates.

Although these CDs pay a little more, we’re still talking about below average returns — 0.25% APY for a 12-month CD, 1.01% APY on a 36-month CD and 1.50% APY on a 60-month CD.

To obtain the top tier “Chase CD Specials” you’ll need a checking account and more than $10,000 to invest.

That will allow you to earn slightly higher than average returns – from 0.50% APY for a 9-month CD, and 0.75% APY on a 13-month CD, up to 1.75% APY on a 60-month CD.

Regrettably, these are not the worst rates you’ll find at a major bank.

The relationship rates at Chase are better than the returns you’ll find at Wells Fargo and Bank of America.

But we’re sure you can do better by searching our database for the best CD rates from scores of other banks.

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Comments (1)
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One Existing Comment
  1. Addison said:
    on November 18th at 12:07 pm

    What is it with these big banks, anyway? Their rates are always lousy and their fees are always high.