Does Chase have a high-yield savings account?
Did you know that JPMorgan Chase is the biggest bank in the country? In 2025, it held over $4.5 trillion in assets and had 85 million customers.
Considering how popular the bank is, one might assume that Chase offers the best account features on the market, including competitive rates on savings accounts.
However, if you’re hoping to open a high-yield savings account (HYSA), Chase isn’t the right bank for you. Here’s a closer look at Chase Bank’s savings account offerings, and why you should look elsewhere for an HYSA.
Chase savings account options
Banking with a major national bank like Chase has its benefits — it offers an extensive ATM and branch network, a full suite of products and services, convenient digital tools, relationship banking perks, and more.
That said, you won’t find a high-yield savings account — or really any high-interest deposit accounts — at Chase. Let’s take a look at the savings accounts this bank does offer:
Chase Savings
At 0.01% APY, the Chase Savings account leaves much to be desired. It has the basic features you need from a bank account — mobile access, a large ATM network, and FDIC insurance — but that's about all you get.
This account comes with a $5 monthly service fee, but there are a few ways to get the fee waived, including by linking a qualified Chase checking account.
Chase Premier Savings
Despite its name, Chase's Premier Savings Account pays just 0.01% APY, or 0.02% APY for relationship rates. Chase Premier Savings also has a $25 monthly service fee, but it can be waived if you link to a qualified checking account or if you have a beginning daily balance of at least $15,000.
Chase Private Client Savings
Rounding out Chase's offerings for savings is the Chase Private Savings Account. Like the other options, this account lacks exciting features. It has no monthly service fee, but customers earn no more than 0.02% APY. This account is only available to Chase Private Client Checking customers.
Why doesn't Chase offer a high-yield savings account?
Big national banks like Chase typically don’t compete on interest rates for savings products. Instead, they rely more on convenience, branch access, and a broad range of services to attract customers.
Why? For one, Chase operates physical branches — over 5,000 of them — and the cost of operating those locations is expensive. That translates to lower rates on deposits (and it explains why most HYSAs are offered by online banks, which have much lower overhead costs).
Further, traditional banks often prioritize revenue from lending and other services over deposit interest payouts. The “spread” between what banks earn on loans and what they pay on deposits is a key source of profit. Keeping deposit rates low helps preserve that margin. For example, in 2025, Chase customers were typically earning 0.01% to 0.02% on savings while paying roughly 19% to 28% on new credit cards.
The bottom line: Because they already have a huge customer base and a steady flow of deposits, there’s less incentive to raise savings yields as long as customers continue to bank with them despite low rates.
Read more: How do banks set their savings account interest rates?
Up Next
HYSA alternatives to Chase
To find the best HYSA, we suggest looking for accounts with high rates, no monthly fees and no- or low-minimum balance requirements. Here are a few good options to choose from.
SoFi High-Yield Savings
The HYSA offered by SoFi has a lot of (good) bells and whistles. You'll earn 4.3% APY for your first six months with this account, and 3.6% APY after that.
SoFi also helps you save more money by rounding up your debit transactions to the nearest dollar and adding the change to your account. To sweeten the deal, the account comes with an opening bonus of $50 or $300.
SoFi's HYSA has no monthly fee or minimum deposit requirement, and it comes with savings buckets, or "vaults," that let you separate your deposits into categories and track multiple goals. Keep in mind, however, that the HYSA is bundled with a checking account (which earns 0.5% APY on all balances); you can’t open a standalone SoFi savings or checking account.
Read more: Best new bank account promotions and bonuses: Earn up to $3,000
Lending Club LevelUp Savings
With Lending Club's LevelUp Savings, you can earn 4% APY if you deposit at least $250 into the account each month. If you deposit less, your rate will drop to (a still competitive) 3% APY. The account has no monthly fees and comes with a free ATM card.
Read more: Do any high-yield savings accounts offer ATM cards?
Alliant High-Rate Savings
If you prefer credit unions, consider opening a High-Rate Savings account with Alliant Credit Union. Account holders earn 3.1% APY with no monthly fees. You do, however, have to maintain a balance of at least $100 to earn interest.
What if you're not an Alliant member? Unlike many credit unions, Alliant has flexible options so just about anyone to join.
Read more: 7 credit unions anyone can join
EverBank Performance Savings
Everbank's Performance Savings account offers an impressive 3.9% APY. This account has few frills, but there's no monthly fee or minimum deposit requirement on the account.
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