Chase Bank's CD rates change weekly, and you'll find the current rates on their website or by calling a branch

Chase does not publish a single "current rate" that stays the same across all customers and account types. The rate you see depends on the CD term you choose (three months to five years), the amount you deposit, and whether you're opening the account online or in a branch. Rates also shift based on what the Federal Reserve does with interest rates — when the Fed raises rates, banks typically raise CD rates within days or weeks. When the Fed cuts rates, CD rates fall.

The fastest way to see what Chase is offering right now is to visit chase.com/cd or call your local branch. You can also compare Chase's rates against other banks to understand whether Chase is competitive for the term length you want. Many online banks and credit unions post rates that are higher than Chase's, especially for longer terms.

Key Takeaways

  • Chase CD rates vary by term length and deposit amount, so you must check their website or call to see the exact rate for your situation.
  • CD rates move when the Federal Reserve changes interest rates, so a rate you saw last month may be lower or higher today.
  • Online banks and credit unions often offer higher CD rates than Chase for the same term, so comparing before you deposit is worth the time.
  • Chase charges a penalty if you withdraw money before the CD matures, and the penalty amount depends on the term — longer terms usually have larger penalties.

How Chase sets CD rates and why they change

Chase sets its CD rates based on what the Federal Reserve does and what other banks are offering. When the Fed raises its benchmark interest rate, banks can afford to pay more on savings products like CDs because they're earning more on the money they lend out. When the Fed cuts rates, banks lower what they pay you. This happens in real time — you might see Chase's rates shift within a day or two of a Fed announcement.

Chase also adjusts rates based on competition. If other major banks raise their CD rates, Chase often follows within a week. If Chase's rates fall behind, they may raise them again to keep customers from moving their money elsewhere. This is why checking rates weekly makes sense if you're deciding when to open a CD — you might catch a window where Chase is offering something better than usual.

Where to find Chase's current CD rates

Go to chase.com and search for "CD rates" or navigate to the savings and CDs section. You'll see a table showing rates for different terms — typically three months, six months, one year, two years, three years, and five years. The rates shown are usually the standard rates for most customers, though some terms may have higher rates for larger deposits.

If you prefer to speak with someone, call Chase at 1-800-935-9935 or visit a branch in person. Branch representatives can sometimes offer rates that aren't shown online, though this is less common than it used to be. Online-only banks owned by Chase (like Sapphire Bank) sometimes offer different rates than Chase's main consumer banking site, so check both if you're comparing.

Understanding CD terms and early withdrawal penalties

A CD term is the length of time you agree to leave your money in the account. Chase offers terms ranging from three months to five years. The longer the term, the higher the rate Chase will pay you — this is because you're locking up your money for longer and the bank can count on having it available to lend. A five-year CD will pay more than a one-year CD almost every time.

If you withdraw money before the CD matures, Chase charges an early withdrawal penalty. The penalty is usually a certain number of months of interest. For example, a one-year CD might have a three-month interest penalty, meaning if you withdraw early, Chase keeps three months' worth of the interest you earned. Longer-term CDs have larger penalties — a five-year CD might have a nine-month or 12-month interest penalty. Always ask what the penalty is before you open the CD, because it affects whether breaking the CD early makes financial sense.

How Chase CDs compare to other banks

Chase is a large national bank, and large banks typically pay lower CD rates than online banks or credit unions. This is partly because they have more overhead — branch locations, staff, and advertising — and partly because they don't need to offer the highest rates to attract deposits. If you have a Chase checking account or mortgage, you might choose Chase for convenience, but you should know you're likely paying for that convenience by accepting a lower rate.

Online banks like Marcus, Ally, and American Express often pay 0.5% to 1% more on CDs than Chase does, depending on the term. Credit unions can also offer competitive rates, especially if you're a member. The difference adds up: on a $10,000 CD for one year, a 0.5% rate difference means $50 in extra interest. Before you open a Chase CD, spend 10 minutes checking what Marcus, Ally, and your local credit union are offering for the same term.

Special CD products Chase offers

Chase sometimes offers promotional CDs with higher rates for a limited time, though these promotions come and go. You'll see these advertised on their website if they're currently running. Chase also offers step-up CDs in some markets, where the rate increases at set intervals during the term — useful if you think rates will rise but you want to lock in a CD now.

For customers with very large deposits ($100,000 or more), Chase may offer jumbo CD rates that are slightly higher than standard rates. Ask your branch or call to see if you may have access to. These products are less common than they used to be, but they still exist at some branches.

Frequently Asked Questions

Can I open a Chase CD online, or do I have to go to a branch?

You can open most Chase CDs online through their website. Some promotional or specialty CDs may only be available in branches. Opening online is usually faster and you'll see the rate immediately before you commit.

What happens to my CD when it matures?

When your CD reaches its maturity date, Chase will move the principal and any interest into your linked savings or checking account. You'll receive a notice before maturity telling you what will happen. If you want to open a new CD instead, you can do that during the maturity window, usually a week or so before the funds move.

Is my money safe in a Chase CD?

Yes. Chase is FDIC-insured, which means deposits up to $250,000 per account type are protected by the federal government. A CD is one of the safest places to put money because you're may provide to get your principal back plus the agreed-upon interest, as long as you don't withdraw early.

Do I have to be a Chase customer to open a CD?

No. You can open a Chase CD even if you don't have a checking or savings account with them. You'll need to provide identification and set up a way for Chase to deposit interest and return your principal when the CD matures, usually a linked external bank account.

What's the minimum deposit for a Chase CD?

Chase's minimum deposit is usually $1,000, though some terms or promotions may have different minimums. Check the specific CD product you're interested in to confirm the minimum before you start the process.