Chase pays low rates on CDs, but it offers more term options than many other banks

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  • rates are relatively low, but you'll earn a slightly higher APY if you also have a checking account.
  • The bank's early withdrawal penalties and minimum opening deposit of $1,000 are fairly standard for banks.
  • Chase does offer a wider variety of term lengths than most banks, with terms ranging from one month to 10 years.
  • A Chase CD is probably the best fit for people who already bank with Chase and want to keep all their bank accounts with the same institution.
  • See Business Insider's picks for the best CD rates »

Chase Bank (Member FDIC) offers more options for CD terms than most banks, with terms ranging from one month to 10 years. However, the bank pays a low APY regardless of your term length. Everyone earns just 0.01% APY, unless you have also have a Chase checking account — then you'll earn up to 0.10% APY.

  • Should you open a Chase CD?
  • Chase CD rates
  • Chase CD features
  • How Chase CD rates compare

Should you open a Chase CD?

You may want to open a Chase CD if you:

  • Want to open a CD with a term of under 3 months or over 5 years
  • Already bank with Chase and want to do all your banking with the same institution
  • Prefer face-to-face banking and live near a Chase branch

You might not want to open a Chase CD if you:

  • Value earning a high APY on your CD balance — if you care about a high rate, look at other banks for a CD or even for a high-yield savings account
  • Don't already bank with Chase
  • Don't have at least $1,000 to open an account
  • Are looking for a no-penalty CD

Chase CD rates

If you don't have a Chase checking account, you'll earn a standard rate of 0.01% APY on CDs of all balance tiers and term lengths. If you have a Chase checking account, you'll earn a relationship rate as follows:

Term Relationship rate
1- 3 months 0.02% APY 
6 months – 10 years
  • 0.02% APY on balances under $10,000
  • 0.10% on balances over $10,000

Chase CD features

Chase Certificate of Deposit (CD)

Chase Chase Certificate of Deposit (CD)

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