Skip to content

Chase Bank Review 2025: Checking, Savings and CDs

Chase is one of the biggest banks in the country, and its wide selection of financial products makes banking convenient for many customers. However, some of its accounts come with relatively high fees and offer interest rates that are lower than what you can find at many online banks.

Disclosure: Some of the products mentioned on this page are from partners that may compensate us when you click or take action on their site. This does not affect our reviews or ratings. All opinions are our own.

Updated: January 16, 2025
Senior Writer &Content Strategist
Assigning Editor
Fact Checked
Senior Writer &Content Strategist
+ 1 more
Assigning Editor
Fact Checked

Overall institution rating

3.3

Savvymints rating
The bottom line:

JPMorgan Chase, the largest bank in the United States, delivers an extensive range of financial products and services. With over 5,000 physical locations nationwide, Chase earned NerdWallet’s 2025 Best-of Award for its strong branch availability. The bank offers everything from mortgages and auto loans to one of the most diverse credit card lineups on the market. It also scored well in the 2024 J.D. Power U.S. Retail Banking Satisfaction Study.

While Chase’s standard checking account is solid and easy to use, its savings rates fall on the low end, and certain fees can be relatively steep.

Best for: Individuals who value widespread branch access, aren’t focused on earning top-tier interest rates, and can maintain the balance needed to avoid monthly service charges.

Pros
  • Large branch network.

  • Large, free, nationwide ATM network.

  • Early direct deposit.

  • Overdraft buffer.

Cons
  • Expensive overdraft fee.

  • Monthly fees (though they are avoidable).

  • Low rates on savings accounts and CDs.

Full review

Full review

Checking

Chase Total Checking®
Chase Total Checking®
Checking Member FDIC

3.6

/5
Savvymints rating
Checking Member FDIC

3.6

/5
Savvymints rating

Monthly fee

$15.00

Bonus

$300

Requirements to qualify

Monthly fee

$15.00

Bonus

$300

Requirements to qualify

Chase provides multiple checking account choices, including its flagship option, Chase Total Checking®, along with a few accounts that earn a small amount of interest (though the yields are still below the national average of 0.07%). All checking accounts come with mobile and online banking features, bill payment tools, and a linked debit card.

You can waive the monthly service fee on the Chase Total Checking® account in several ways:Receive at least $500 in qualifying direct deposits each month, or Maintain a minimum beginning-day balance of $1,500, or Keep an average beginning-day balance of $5,000 across eligible Chase accounts.

Chase is also offering a $300 sign-up bonusfor new Total Checking® customers (offer ends 01/21/2026). You can check our list of the top banking bonuses for more options.

» Need a business checking solution? Take a look at our review of Chase Business Complete Checking.

Savings

Chase Savings℠

Chase Savings℠

Savings Member FDIC

2.6

/5
Savvymints rating
Savings Member FDIC

2.6

/5
Savvymints rating

APY

0.01%

With $0 min. balance for APY

Bonus

N/A

APY

0.01%

With $0 min. balance for APY

Bonus

N/A

Chase Savings Account (Easy English Version)Chase’s basic savings account, Chase Savings℠, offers a very low interest rate of 0.01% APY (as of 05/07/2025). The rate can change anytime.

This account allows free overdraft protection transfers to your linked Chase checking account. This means if your checking account doesn’t have enough money for a transaction, Chase will move money from your savings to cover it.

» Want more choices? Check out NerdWallet’s list of the best savings accounts for higher interest rates.

Certificates of deposit

Chase CD

Chase CD

CD Member FDIC

1.4

/5
Savvymints rating
CD Member FDIC

1.4

/5
Savvymints rating

1-year APY

0.01%

3-year APY

0.01%

1-year APY

0.01%

3-year APY

0.01%

5-year APY

0.01%

Minimum deposit

$1,000

Show details

Chase provides a variety of CD term lengths, but the interest rates are generally underwhelming.Compared with other banks — especially online institutions — Chase requires higher minimum deposits while offering much lower yields. You can learn more about Chase’s CD options here.

» Looking for better returns? See our updated list of the best CD rates available this month.

Customer experience

4.1
Savvymints rating

Chase provides one of the largest branch and ATM networks in the U.S , making in-person banking convenient for many customers.

Customer service is available via phone and through the mobile app, with support offered seven days a week during extended hours. The Chase website is generally easy to navigate, and its mobile apps consistently receive strong ratings from users in both iOS and Android app stores.

Overdraft fees

4.0
Savvymints rating

Chase does not charge a fee if you overdraw your account by $50 or less in a single day.Additionally, if your overdraft exceeds $50, you can avoid a fee by bringing your account back to $50 or less overdrawn by 11 p.m. ET on the following business day.

If your overdraft is larger or you cannot bring your balance back into the positive, Chase charges an overdraft fee of $34, which can apply up to three times per day. Unlike some banks that have eliminated overdraft fees, this policy still applies.However, linking a Chase savings account as a backup prevents overdraft fees, as transfers from the savings account are free of charge.

How does Chase compare?

Savvymints rating
4.8/5
APY

Up to 3.60%

With $0 min. balance for APY
Bonus

Up to $300

Earn up to $300 with eligible direct deposit. Terms apply.
Learn moreon partner's site
at SoFi Bank, N.A., Member FDIC
Savvymints rating
4.5/5
APY

3.75%

With $5,000 min. balance for APY
Bonus

$300

Earn up to $300. Terms apply. See site for details.
Learn moreon partner's site
at CIT Bank, Member FDIC

Methodology

Savvymints calculates overall ratings for banks and credit unions using a weighted average across multiple categories, including checking accounts, savings accounts, certificates of deposit (or credit union share certificates), banking experience, and overdraft fees. Depending on the category, we evaluate factors such as interest rates and fees, branch and ATM accessibility, account features and limits, digital tools, customer service, and innovation. Ratings are expressed in stars, ranging from one star (poor) to five stars (excellent), with increments of 0.1 stars to provide more precise scoring.