3.5 NerdWallet rating

Rates for Chase’s certificates of deposit tend to be low, but they can be somewhat better if you have a Chase checking account. The bank’s main strengths are the variety of CD terms and a relatively low minimum deposit.

Chase CD rates

  • Standard CD rates at Chase Bank are available to anyone and require a minimum deposit of $1,000, while some banks’ CDs require at least $5,000 or $10,000.
  • Relationship rates are for those who have a personal Chase checking account that they can link to a Chase CD, and higher deposits usually mean higher rates.
  • To open a Chase CD online, you need a Chase checking or savings account; otherwise, visit a branch.

This is a look at some of Chase’s rates for the most common CD terms.

» Want more options? See our list of the best CD rates

How Chase Bank CD rates compare

Chase CDs, even at the highest tier of relationship rates, don’t come close to the yields that online banks can offer. Here’s how they compare:

» Want to check how Chase ranks overall? See our Chase review

More details about Chase CDs

What to consider when opening CDs

  • Interest rates are fixed. If you open a Chase CD today, its APY will stay the same until the CD expires. This benefits you if you lock in a CD before rates start dropping, but on the flip side, you’ll earn less on a CD if rates keep rising. It’s hard to know when CD rates go up, since it depends on Fed rate hikes and other factors.
  • You lose interest if you withdraw early. CDs are built to keep your money out of sight, out of mind. If you dip into a Chase CD before it expires, there’s an early withdrawal penalty, which means losing some or all the interest you earned.

» On the fence about a CD? If there’s a chance you’ll need access to your money, consider one of the best high-yield savings accounts instead.

Solid range of terms, but low rates

Chase Bank CDs may be a convenient option if you already have a Chase checking account, want more choice with CD terms, and have a lump sum you won’t need for a while, but you can find higher rates elsewhere.

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