Table of Contents
What is the best savings account at Chase?
The basic Chase Savings℠ account is the most popular and the easiest to open.
- Bonus Offer: Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days.
- Minimum Deposit: $0.
- Monthly Service Fee: $5.
Does Chase pay interest on savings accounts?
The Chase Savings℠ account interest rate is 0.01% APY (effective 9/14/2020; rates are variable and subject to change). Rates for the bank’s premium relationship savings accounts are slightly higher, but overall, the annual percentage yields on Chase savings accounts are low.
What is the APY for savings account through Chase Bank?
0.01%
Chase savings account rates
| Account name | Interest rate | Minimum deposit |
|---|---|---|
| Chase savings | 0.01% | None |
| Premier relationship | 0.02% | $0-$9,999 |
| Premier relationship | 0.02% | $10,000-$24,999 |
| Premier relationship | 0.02% | $25,000-$49,999 |
Why is Chase savings interest so low?
Interest rates on savings accounts are often low because many traditional banks don’t need to attract new deposits, so they’re not as motivated to pay higher rates.
Which bank is best for savings account?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
What is the catch with high-yield savings accounts?
The interest rates on high-yield savings accounts can be 20 to 25 times higher than what traditional savings accounts offer. You may be able to open a high-yield savings account where you already bank but the highest rates are often available only from online banks.
Which bank is giving highest interest?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| ICICI | 7 days to 10 years | 2.50% to 5.50% |
| Punjab National Bank | 7 days to 10 years | 2.90% to 5.25% |
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
| Axis Bank | 7 days to 10 years | 2.50% to 5.75% |