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Want A 1% CD At Chase? Prepare To Wait

Chase Bank building schematicIf you want to earn more than 1.00% — 1.01% APY, to be exact — on a CD special at Chase Bank, you’ll be locked in for 120 months.

Where will you be in 2023?

Please, please don’t say at this New York-based big bank renewing your certificate of deposit.

CD rates this low just aren’t worth your money, especially when better deals can be found on our CD Rates Leaderboard.

The 12-month leader there offers more than Chase’s 10-year “special.”

Chase’s other CD specials, which all require a $10,000 minimum deposit and a checking account, include 0.60% APY for 60-month CDs and 0.40% APY for 36-months CDs.

Neither of those rates are above average.

You won’t find a single average CD rate among Chase’s CD specials or standard offerings.

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

3-month CD rate is 0.05% APY versus an average rate of 0.12% APY. (Leaderboard leader is 0.60% APY.)

6-month CD rate is 0.10% APY versus an average rate of 0.17% APY. (Leaderboard leader is 0.89% APY.)

12-month CD rate is 0.20% APY versus an average rate of 0.26% APY. (Leaderboard leader is 1.10% APY.)

24-month CD rate is 0.25% APY versus an average rate of 0.41% APY. (Leaderboard leader is 1.35% APY.)

36-month CD rate is 0.35% APY versus an average rate of 0.52% APY. (Leaderboard leader is 1.40% APY.)

60-month CD rate is 0.55% APY versus an average rate of 0.85% APY. (Leaderboard leader is 1.85% APY.)

Chase’s non-relationship rates pay even less than these.

Like most big banks, Chase asks you to put in 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.

Compare Chase’s returns with the best CD rates from scores of other banks in our extensive database.

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