What CD Rates Chase Bank Offers Right Now

Chase CD rates change weekly, so the best rate depends on when you open the account and how long you lock your money away

Chase offers certificates of deposit (CDs) with terms ranging from 3 months to 5 years. The interest rate you receive depends on two things: the term length you choose and the current market rate Chase is paying that week. A longer-term CD (like 5 years) typically pays more than a shorter one (like 3 months), but Chase's rates shift as the Federal Reserve adjusts its benchmark rate. You cannot know the "best" rate without checking Chase's current offerings on the day you plan to open the account.

Chase publishes its CD rates on its website under the savings and CDs section. You can compare the rates for each term side by side. The rates shown are what new customers receive when they open that day — existing customers may see different rates depending on when they opened their previous CD. If you already have a Chase checking or savings account, you may also see a slightly higher rate as a customer benefit, though this varies.

Key Takeaways

• Chase CD rates are posted on their website and change weekly based on market conditions, so you need to check the current rates on the day you plan to open an account.
• Longer CD terms (3 years, 5 years) typically pay higher rates than shorter terms (3 months, 6 months), but the difference varies week to week.
• You must keep your money in the CD for the full term or pay an early withdrawal penalty, which Chase deducts from your interest earnings.
• Chase CD rates are usually lower than rates at online banks or credit unions, so comparing across institutions can help you find a higher rate for the same term.

How Chase CD terms and rates work together

A CD is an agreement: you give Chase a sum of money, Chase holds it for a set period (the term), and in return Chase pays you a fixed interest rate. The rate does not change during the term, even if market rates rise or fall. When the term ends, you can withdraw your money plus interest, open a new CD at whatever rate Chase is offering that day, or move the money elsewhere.

Chase typically offers terms of 3 months, 6 months, 1 year, 2 years, 3 years, and 5 years. The longer the term, the higher the rate — this is how banks compensate you for locking your money away. A 5-year CD might pay 4.50%, while a 3-month CD might pay 4.00%. But these numbers shift. When the Federal Reserve raises rates, all CD rates tend to rise. When the Fed cuts rates, CD rates fall across the industry.

The minimum deposit to open a Chase CD is typically $1,000, though this can vary. Once you deposit the money, you cannot withdraw it without penalty until the term ends. The penalty is usually a loss of interest — Chase subtracts a certain number of months of interest from your earnings. For a 5-year CD, the penalty might be 150 days of interest. For a 3-month CD, it might be 7 days. Read the terms before you open the account so you know what you will lose if you need the money early.

Why Chase CD rates are often lower than competitors

Chase is a large national bank with thousands of branches and ATMs. This physical presence costs money, and those costs are reflected in lower CD rates compared to online-only banks or credit unions. An online bank with no branches might offer a 5-year CD at 4.75%, while Chase offers 4.50% for the same term. Over five years, that 0.25% difference adds up.

The trade-off is convenience and familiarity. If you already bank at Chase, opening a CD takes minutes on their website or in a branch. You can manage it alongside your checking account. If you bank elsewhere, you may find a higher rate by shopping around, but you will need to open an account at a different institution and manage it separately.

To find the best rate for your situation, check Chase's current offerings, then compare them to rates at online banks (like Ally, Marcus, or Discover) and your local credit union. The difference in rate matters more the longer your term and the larger your deposit. On a $10,000 CD for 5 years, a 0.50% difference in rate means roughly $250 more in interest.

How to find Chase's current CD rates

Go to Chase.com and navigate to the savings and CDs section. You will see a table or list showing the current rate for each term. The rates shown are for new accounts. If you are already a Chase customer, log into your account to see whether you may have access to for a higher rate as an existing customer — some promotions explore only to new customers, while others explore to both.

Chase sometimes runs promotional rates for specific terms. For example, they might offer an extra 0.25% on a 1-year CD for a limited time. These promotions are advertised on the same page as the standard rates. Read the fine print to see whether the promotion applies to you and when it expires.

You can open a CD online, by phone, or in a branch. Online is usually fastest. You will need to fund the CD from an existing Chase account or by transferring money from another bank. The CD will be funded within one to two business days, and interest will begin accruing on the day the funds settle.

What happens when your CD term ends

When your CD reaches its maturity date, Chase will notify you by mail or email. You then have a window (usually 7 to 10 days) to decide what to do. You can withdraw the money, let it roll over into a new CD at Chase's current rate, or move it to a savings account or another bank. If you do nothing, Chase will automatically roll it into a new CD at the same term length at whatever rate they are offering that day.

The auto-renewal feature is convenient if you want to keep your money in a CD, but it means you might lock in a lower rate if market rates have fallen. If rates have risen, you will miss out on the higher rate unless you actively move the money. Many people set a calendar reminder for the maturity date so they can shop around and decide whether Chase's new rate is competitive.

Early withdrawal penalties explained

If you need your money before the CD matures, Chase will let you withdraw it, but you will pay a penalty. The penalty is calculated as a number of days or months of interest. For example, a 5-year CD might have a penalty of 150 days of interest. If your CD was earning $500 per year, the daily interest is about $1.37, so the penalty would be roughly $205.

The penalty is deducted from your interest earnings, not from your principal. So you will always get your original deposit back, but you will lose some or all of the interest you earned. On a short-term CD (like 3 months), the penalty might be so small that it barely affects you. On a long-term CD, the penalty can be substantial.

Before opening a CD, think honestly about whether you will need the money during the term. If there is any chance you will need it, a savings account with no withdrawal restrictions might be a better choice, even if the rate is slightly lower. Chase offers high-yield savings accounts that pay competitive rates and let you withdraw anytime.

Comparing CD rates across different terms

CD Term	Typical Rate Range (varies by week)	Best for
3 months	Lowest rate offered	Money you might need soon; testing the CD process
6 months to 1 year	Moderate rate	Short-term savings goals; flexibility if rates rise
2 to 3 years	Higher rate	Medium-term goals; balance between rate and flexibility
5 years	Highest rate offered	Long-term savings; money you will not need for years

The rate difference between a 3-month and 5-year CD can be significant — sometimes 0.50% or more. Over five years, that difference compounds. But a longer term also means less flexibility. If you think rates might rise, a shorter-term CD lets you reinvest at a higher rate sooner. If you think rates might fall, a longer-term CD locks in today's rate.

Frequently Asked Questions

Do I have to open a Chase CD in a branch, or can I do it online?

You can open a CD online, by phone, or in a branch. Online is usually the fastest option. You will need an existing Chase account to fund it, or you can transfer money from another bank. The CD will be funded within one to two business days.

Can I add money to a CD after I open it?

No. A CD is a fixed contract. You deposit a lump sum at the start, and that amount stays locked in for the term. You cannot add to it or withdraw from it without paying the early withdrawal penalty. If you want to save more, you would need to open a separate CD.

What is the minimum amount I need to open a Chase CD?

Chase typically requires a minimum deposit of $1,000 to open a CD, though this can vary. Check Chase's website or call to confirm the current minimum before you open an account.

Is my money safe in a Chase CD?

Yes. Chase is a member of the Federal Deposit Insurance Corporation (FDIC). Your CD is insured up to $250,000 per depositor, per bank. If you have multiple CDs at Chase, the total coverage across all your accounts at that bank is $250,000.

What if Chase's rate drops after I open my CD?

Your rate will not change. CDs pay a fixed rate for the entire term. If Chase's rates drop, your CD will continue paying the rate you locked in when you opened it. This is one advantage of CDs — you are protected from rate decreases.