Chase CD vs. High-Interest Savings Plus – Which Pays You More?

Chase offers several ways to earn interest on your savings. By getting a high-interest account, you can essentially make money by just letting your money sit.


But with different types of accounts available, and each one with different rates and requirements, then the question you need to ask is: which Chase product is best for your situation? Which will “pay you back” the most? To determine the right fit for your money, let’s look at a quick comparison of your options: Chase CDs vs. Chase.


Keep in mind that rates and terms fluctuate, so you’ll want to get the latest information at The examples below are based on information at the time of this writing.


Chase CD

A Chase CD (certificate of deposit) lets you “lock” your money into an account for a fixed amount of time, at a fixed rate. The downside is that you can’t touch the money while it’s in a CD. But if you have some extra cash that you know you won’t need and want a guaranteed way to grow it without risky measures like investing in stocks, then this is a good option. You can choose from a variety of terms, from as little as 6 months to up to 120 months. For now, let’s focus on the 13-month option, which has an APY of 0.35%, as a point of comparison with Chase savings accounts.

Chase Savings Plus

Chase savings gives you more flexibility to access your money while interest is growing – though federal law limits withdrawals to 6 per month, per account. If you withdraw more than 6 times, you pay a fee of $5 per withdrawal over the limit. Currently, APY rates for Chase Savings Plus are between 0.10% (for balances up to $9,999) and 0.35% (for balances over $100,000).

For comparison’s sake, let’s choose the balance option of $25,000 – $49,999, which has a “relationship rate” of 0.30%. This is slightly less than the return on the CD. However, keep in mind that the advantage is that you can access your money without being penalized. On the other hand, that rate is not fixed – it can go lower, or it can go higher.


If you had $25,000 ready to save, you would make slightly more money in the CD after 13 months than in the high-interest savings account. However, this small amount might not be worth the trade-off of not having access to your money in a CD.
Head on over to and use your own numbers to determine the rates and returns you might receive. No matter which option you choose, you’ll be saving your money, and essentially getting paid by Chase to do it!

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