Personal Finance Banking Certificates of Deposit
Written by Laura Grace Tarpley, CEPF and Sophia Acevedo; edited by Sarah Silbert; reviewed by Evelyn He
- Current Chase CD Rates
- Opening a Chase Bank CD
- Should You Open a Chase Bank CD?
- Pros and Cons
- How Chase CD Rates Compare
- Why You Should Trust Us
- FAQs
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Chase Bank offers more CD terms than most banks, ranging from one month to 10 years.
However, the bank pays a low standard APY regardless of your term length. Everyone earns just 0.01% APY, unless you have also have an eligible linked Chase checking account — then you'll earn up to 4.75% APY.
Current Chase CD Rates
Chase's rates are comparable with other brick-and-mortar banks, but you can find online banks that pay significantly higher rates. If you want to find the highest rate for your savings, it's worth looking at high-yield savings account rates along with CD rates to see which are offering more competitive benefits.
You'll earn a low rate on all terms and balance tiers, unless you also have a Chase chase checking account — then you'll earn a "relationship rate," which can be significantly higher.
Chase Featured CD Rates
Chase offers CD promotions for a few select terms. The relationship rates for these terms are competitive and higher than average CD rates.
Chase CD rates are the same in many areas, but they can also vary depending on where you live. We used the zip code from New York City, New York, for the following Chase Featured CD rates:
| CD Term | Standard Rate (All balances) | Relationship Rate (under $100,000) | Relationship Rate ($100,000 or more) |
2-month | 0.01% | 3.25% | 3.25% |
| 3-month | 0.01% | 4.25% | 4.25% |
| 9-month | 0.01% | 4.00% | 4.50% |
Other Chase CD Rates
Chase also has CD terms ranging from one month to 12 years. The relationship rates for these Chase CD terms are less competitive than its Featured CDs. Here are the rest of the Chase CD rates, based on the zipcode from New York, New York:
| CD Term | Standard Rate (All balances) | Relationship Rate (under $100,000) | Relationship Rate ($100,000 or more) |
1-month | 0.01% | 0.02% | 0.02% |
| 3-month | 0.01% | 2.00% | 2.00% |
| 12-month | 0.01% | 2.00% | 2.00% |
| 15-month | 0.01% | 2.50% | 2.50% |
| 18-month | 0.01% | 2.50% | 2.50% |
| 21-month | 0.01% | 2.50% | 2.50% |
| 24-month | 0.01% | 2.50% | 2.50% |
| 30-month | 0.01% | 2.50% | 2.50% |
| 36-month | 0.01% | 2.50% | 2.50% |
| 36-month | 0.01% | 2.50% | 2.50% |
| 42-month | 0.01% | 2.50% | 2.50% |
| 48-month | 0.01% | 2.50% | 2.50% |
| 60-month | 0.01% | 2.50% | 2.50% |
| 84-month | 0.01% | 2.50% | 2.50% |
| 120-month | 0.01% | 2.50% | 2.50% |
Opening a Chase Bank CD
You can open a Chase Bank CD online if you have a Chase checking account. Otherwise, you can schedule a meeting with a banker online or drop by a nearby branch to open a CD.
You'll need at least $1,000 to open a CD with Chase, which is a fairly standard opening deposit requirement; you can find banks that require less, but some ask for more. If you're planning to deposit more than $1 million in a CD, you'll also have to schedule a meeting with a banker to open an account.
The person opening the CD must be at least 18 years old. Opening a Chase Bank CD requires basic documentation, like a U.S. ID, social security number, and proof of address. If you are not a U.S. citizen, you can verify your identity with a Matricula Consular or foreign passport.
Should You Open a Chase Bank CD?
Chase CDs have one main advantage: There are more term options than what you'll find with many institutions. Many banks offer terms ranging from three or six months to five years, but Chase offers terms between one month and 10 years.
This makes Chase a worthwhile option for anyone wanting to stash money for under three months or more than five years. However, if you're open to banking online, the best online banks offer terms over five years and pay higher rates than Chase does.
Chase CD Pros and Cons
Chase CD Pros
- Variety of CD terms
- National branch presence, so you'll likely find nearby locations in many states
Chase CD Cons
- Standard CD rates pay a low APY
- While Chase relationship CD rates are more competitive, you can still find other banks with higher CD rates overall
- Other banks have lower minimum opening deposit requirements
- Doesn't offer specialty CDs like a no-penalty CD
Chase CD Alternatives
Chase CDs vs. Wells Fargo CDs
Wells Fargo's CD terms lengths are limited, so if you want a term under three months or over two years, Chase is the clear choice. Chase also requires a smaller opening deposit, so it's the better option for anyone who can't afford an initial deposit with Wells Fargo.
Wells Fargo Bank Review
Chase CDs vs. Bank of America CDs
Chase CDs and Bank of America CDs have similar rates and term length options, so your choice between the two will likely come down to which bank has a branch closer to your home.
Bank of America Review
Why You Should Trust Us: How We Reviewed Chase CDs
We rate bank accounts on a scale from zero to five stars. For our CD review, we used ourCD methodology, which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, and the ethics of the company.
Chase Bank CD FAQs
What are the current Chase CD rates?
Chase CDs pay 0.01% to 4.75% (vary by location) APY.
How do I open a Chase CD account?
You can schedule an appointment with a banker online or visit a nearby branch at any time to open a CD. You'll need basic documentation to verify your identity and where you live.
Can I withdraw my money before a Chase CD matures?
While you can technically withdraw money from a Chase CD before it reaches maturity, keep in mind you will have to pay a penalty for an early withdrawal.
How does Chase CD laddering work?
Chase lets you open a CD ladder if you are a Chase Private Client Checking customer. The bank offers two types of CD ladders that both have four terms. There's a 4-month CD ladder with 1-month, 2-month, 3-month, and 4-month terms, and 12-month CD ladder with 3-month, 6-month, 9-month, and 12-month terms. The rates for CD ladders may be different than individual CDs.
Are Chase CD rates competitive?
Select Chase CD rates — in particular, the 2-month, 6-month, and 9-month terms — pay competitive relationship rates right now. To qualify for a relationship rate, you'll need to link a Chase personal checking account. Meanwhile, Chase standard CD rates are pretty low in comparison to other banks.
Personal Finance Reviews Editor
Laura Grace Tarpley (she/her) is an expert in mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She worked on Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors.She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU.
Sophia Acevedo
Banking Editor
Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circ*mstances and overcoming their fears around money.ExpertiseSophia's expertise includes:
- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
EducationSophia graduated from California State University Fullerton with a degree in journalism and a minor in political science.She is an avid reader across a variety of genres, and she started running in 2021. She ran in the 2024 Los Angeles Marathon.
Compliance and Operations Associate
Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.
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