Chase Bank CD Account
Chase Bank has CD terms ranging from one month to ten years. Larger deposits may result in higher interest rates on your CD. Clients have the option of receiving CD interest payments monthly, quarterly, semi-annually, annually, or at maturity.
A minimum deposit of $1,000 is required to open a CD with Chase Bank. The CDs are available online or in stores. However, if you want to open a CD with a balance of XNUMX million dollars or more, you have to go to a branch and talk to a banker.
You may be charged a penalty if you close your CD before the expiration date. The early withdrawal penalty for CDs with terms of less than six months is 90 days of interest; for CDs with a term of six months to less than 24 months, the penalty is 180 days of interest; and for CDs with a term of 24 months or more, the penalty is 365 days of interest. The penalty for all terms is no greater than the interest earned during the current term of the CD. The bare minimum is seven days of interest.
- Depending on your term, interest may be paid before maturity.
- For larger balances, higher returns may be available.
- Other banks, especially online banks, pay much higher interest rates.
- Customers who do not have a linked Chase checking account earn lower interest rates.
Chase Bank offers a variety of checking account options to customers. Unless you meet the criteria to waive it, each account carries a monthly maintenance fee. Chase Total Checking, Chase Premier Plus Checking, and Chase Sapphire Checking are the three most popular accounts. The $2.50 non-Chase ATM fee is waived up to four times per statement cycle with the Premier Plus Chequing Account. The Sapphire Checking account waives ATM fees and refunds fees charged by other banks indefinitely.
Chase also offers specialty checking accounts tailored to specific audiences. There is no Chase Secure Banking checking account minimum deposit, no paper checks, and no fees for money orders or cashier’s checks.
With the Chase College Checking account, students get a free account for up to five years while in school, and it’s only $6 a month after that if you don’t waive fees with qualifying activities. Military members, active and retired, can open a Chase Premier Plus Checking Account with no fees or minimum balance required.
Clients with more connections may be eligible for Chase Private Client. To qualify, you must have a combined average daily balance of $250,000 in qualifying personal and business deposits and investments. There are no membership fees, monthly service fees, ATM fees, transfer fees, or other charges as a benefit. You’ll also get higher limits on Chase QuickDeposit, Chase QuickPay, daily ATM withdrawals, and debit card purchases.
- Some Chase Total Checking customers should be able to avoid the $12 monthly maintenance fee by direct depositing $500 into the account each month.
- Chase Premier Plus Checking account holders are entitled to a maximum of four free withdrawals from non-Chase ATMs per statement period.
- With the Chase Premier Plus Chequing Account, there are no charges for counter checks, money orders, cashier’s checks, or Chase design checks.
- The minimum balance required to avoid monthly fees on the Chase Premier Plus Checking account is high.
- Interest rates are extremely low.
Does Chase offer a free checking account?
Although Chase does not provide a free checking account, Chase Total Checking® makes it easy to waive the monthly service fee. You must do one of the following each month: deposit $500 electronically, start each day with a balance of $1,500, or have $5000 in all of your Chase accounts combined.