Is Chase good for savings accounts?

Chase is a reputable financial institution and a fine choice for opening a savings account. To maximize the benefits of a Chase savings account, however, you’ll want to also have a Chase checking account. Having Chase checking and savings accounts linked can eliminate monthly service fees and assure you’re getting the highest interest rate offered by Chase.

Does Chase give you money for opening an account?

Chase frequently offers bonuses for opening new accounts, both savings and checking. Typically, you must deposit a significant amount of money when opening a savings account and maintain that balance for a 90-day period. The cash bonus you receive, however, could be more than the interest you would typically earn during the first year. For example, you may earn a $150 bonus for opening an account with $10,000. If the interest APY is .9%, you would receive $90 in interest. The bonus can offer a significant return in addition to the interest you receive during the first year. Keep in mind that bonuses are also taxable as income.

Do Chase savings accounts earn interest?

Yes, Chase savings accounts do earn interest. You will earn at least .01% on your Chase savings account. If you have another relationship account with Chase such as a Chase checking account, you can link it to your savings and you may receive a higher interest rate. Interest rates on savings accounts also vary depending on the balance in your account.

Do Chase savings accounts charge fees?

The short answer is yes, but you may be able to have those fees waived. For example, with a Chase Savings account, having just a $300 balance in your account at the beginning of each day during the statement period will waive the monthly $5 service fee. You can also avoid a monthly service fee on your Chase Savings account by having as little as $25 per month automatically transferred from your Chase checking account. The Chase Premier Savings account waives the monthly statement fee if you link a qualifying checking account or have a $15,000 balance at the beginning of each day during the statement period.

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The Ultimate Guide to Chase Savings Accounts [Personal & Business Customers]

Updated: September 30, 2025, 7:44am CDT

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Table of Contents

The Benefits of a Chase Savings Account
Types of Chase Savings Accounts
Chase Personal Rewards-Earning Credit Cards
Chase Savings Accounts for Businesses
Chase Business Rewards-Earning Credit Cards
Chase Private Client Savings Account
Earning Cash Bonuses With Chase
Final Thoughts

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Chase is a powerhouse in the financial industry. The institution estimates that fully half of the households in the United States do business with their company.

It’s no wonder — with nearly 4,900 branches, 16,000 ATMs, and mobile banking, they’re certainly accessible!

Chase’s broad collection of product offerings also fit the monetary needs of nearly every business or household. From their stellar credit card offerings, mortgages, and auto financing to loans and payment processing, Chase really does it all.

And when it comes to savings accounts, you’ll find not only general savings accounts but specially designed accounts tailored for businesses and military families.

If you don’t already bank with Chase or have one of their credit cards that earn travel rewards points or cash-back, you’ll also find that Chase offers incentives for opening a new bank account or signing up for one of their cards.

Today, we’re going to focus on Chase savings accounts, and cover the following in this article:

Why you’d want a savings account with Chase
Your savings account choices
Special savings account features for military members
Chase savings account options for businesses
How to earn cash for opening accounts and for referrals

The Benefits of a Chase Savings Account

Does it really matter which bank you chose for opening a savings account? Generally, it does if you’re looking to receive the highest interest rate possible.

With overall savings interest rates so low, however, there can be other compelling reasons for selecting a particular financial institution.

Chase stands out for a combination of reasons:

Nearly 4,900 branches and 16,000 ATMs
FDIC insured
Competitive interest rates
Mobile deposits
Online and mobile banking
24/7 customer support and account alerts
Send money to just about anyone with Zelle^®
Paperless statements
Account benefits for military members and the Military Survivor program
Relationship benefits, such as higher interest rates and fee waivers
Strong rewards-earning credit card offerings

While interest rates are certainly a primary factor in selecting a financial institution, relationship benefits should also be a consideration.

Chase digital tools — Chase savings accounts offer convenient digital tools to manage your account. Image Credit: Chase

Types of Chase Savings Accounts

Chase offers a few choices when it comes to savings accounts, but it’s easy to select a perfect match due to the specific account deposit requirements.

Chase Savings℠

The basic Chase Savings℠ account is the most popular and the easiest to open.

Bonus Offer: Enjoy a $150 bonus when you open a new Chase Savings^SM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
Minimum Deposit: $0
Monthly Service Fee: $5
Additional Fees: $5 per withdrawal and $2.50 for any transfers or inquiries at ATMs outside the U.S., Puerto Rico and the U.S. Virgin Islands and fees from the ATM owner still apply.

Waiving the Monthly Service Fee: The monthly service fee will be waived when you complete one of the following:

The balance at the beginning of each day is $300 or more OR
You have at least 1 recurring transfer of $25 or more from Chase checking or Chase Liquid (prepaid) card OR
A Chase College Checking℠ account* linked to this account for Overdraft Protection OR
The individual is under 18 OR
The account is linked to a Chase personal checking account (excluding Chase High School Checking℠, Chase Secure Checking℠, and Chase Checking℠)

The Chase Savings account is best utilized as a companion account for a Chase checking account. This is because monthly service fees are waived just for having a reoccurring transfer of only $25 or more per month.

Bottom Line: A Chase Savings℠ Account is best paired with a Chase checking account to eliminate monthly service fees and receive the highest interest rates possible on Chase savings accounts.

^{*The information regarding Chase College Checking℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.}

Chase Premier Savings Account

Minimum Deposit: $100
Monthly Service Fee: $25
Additional Fees: $5 savings withdrawal fee, per withdrawal or transfer, applied after 6 withdrawals per statement period

Waiving the Monthly Service Fee: It is possible to avoid the monthly service fee by completing one of the following:

The balance at the beginning of each day is $15,000 or more OR
Link the savings account to Chase Premier Plus or a Chase Sapphire℠ Checking account

The benefit of having a Chase Premier Savings account over a basic Chase Savings account is a better interest rate.

Currently, the Premier Savings account pays between .04% and .11% depending on the balance in the account. This rate is for customers who have a linked checking account and meet relationship requirements.

Hot Tip: Federal regulations limit withdrawals or transfers from each savings account to 6 per statement period. Fortunately, withdrawals and transfers made in person at a Chase branch or at an ATM do not count toward this limit.

Chase Savings for Military Families

Military Marines — Chase offers special savings account benefits for military members. Image Credit: Marine Corps Cpl. Matthew Kirk

Those who have served or currently serve in our military (including the National Guard) receive special Chase savings account benefits:

No monthly service fee on Chase personal savings accounts linked with a Chase checking account

If your paycheck is direct deposited into your Chase checking account, you will receive these additional savings account benefits:

No non-Chase ATM withdrawal fees
No Chase foreign transaction fees on ATM transactions worldwide
No Chase fees for wire transfers (either incoming or outgoing)

Even more Chase military banking benefits apply to Chase checking accounts.

Additionally, Chase complies with the Military Lending Act and charges no annual fees for personal credit cards such as the Chase Sapphire Preferred^® Card and Chase Sapphire Reserve^®.

Hot Tip: Chase offers a Military Survivor program that eliminates the debt of military customers who have been killed in combat action or died as a result of military service. The types of debt that qualify include Chase mortgages, auto loans, credit cards, student loans, and consumer/business debt. Call 877-469-0110 for more information.

Chase Certificates of Deposit

Another form of short- or long-term savings is a certificate of deposit. Saving money in a Chase CD is simple, and there are no service fees.

Available from 1 month to 10 years in length
$1,000 minimum
.02% to 1.75% interest rate depending on the term and the amount deposited
No service fees

Customers who have an existing checking account that is linked to a Chase savings account receive higher relationship interest rates on their CDs.

You can access current interest rate information here.

Chase Personal Rewards-Earning Credit Cards

Pairing your Chase savings or checking account with a rewards-earning credit card ensures you’ll be earning valuable Ultimate Rewards Points or cash-back on every purchase.

NEW OFFER

Terms Apply / Rates & Fees

Chase Sapphire Preferred^® Card

U.P. Rating

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Apply Now(at Chase's secure site)

Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome OfferEarn 60,000 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
60,000 75,000 points

UP's Offer Valuation*:
$1,500

Annual Fee

$95

APR

19.74% - 27.99% Variable

Credit Recommended

Good to Excellent

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons

Pros

5x points on all travel booked via the Chase Travel portal
3x points on dining purchases, online grocery purchases, and select streaming services
2x points on all other travel worldwide

Cons

$95 annual fee
No elite benefits like airport lounge access or hotel elite status

Read Full Review

Card Highlights

Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Enjoy beneﬁts such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases
Earn up to $50 in statement credits each account anniversary year for hotel stays through Chase Travel℠
10% anniversary points boost - each account anniversary you'll earn bonus points equal to 10% of your total purchases made the previous year.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders.
Member FDIC

Financial Snapshot

APR: 19.74% - 27.99% Variable
Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

NEW OFFER

Terms Apply / Rates & Fees

Chase Sapphire Reserve^®

U.P. Rating

A top player in the high-end premium travel credit card space that earns points on travel and dining while offering top luxury perks.

Apply Now(at Chase's secure site)

Chase Sapphire Reserve^®

A top player in the high-end premium travel credit card space that earns points on travel and dining while offering top luxury perks.

Welcome OfferEarn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
125,000 points

UP's Offer Valuation*:
$2,500

Annual Fee

$795

APR

19.99% - 28.49% Variable

Credit Recommended

Excellent

Why We Like This Card

If you’re looking for an all-around excellent travel rewards card, the Chase Sapphire Reserve^® is one of the best options.

The card combines elite travel benefits and perks like worldwide airport lounge access, with excellent point earning and redemption options. Plus, it offers top-notch travel insurance protections to cover you at home or on the road.

Don’t forget the more than $2,000 in annual credits, which can offset the annual fee!

Pros & Cons

Pros

8x points on all Chase Travel purchases
5x points on Lyft rides
4x points on flights and hotels booked directly

Cons

$795 annual fee

Read Full Review

Card Highlights

Earn 125,000 bonus points after you spend $6,000 on purchases in the first 3 months from account opening.
Get more than $2,700 in annual value with Sapphire Reserve.
Earn 8x points on all purchases through Chase Travel℠, including The Edit℠ and 4x points on flights and hotels booked direct. Plus, earn 3x points on dining worldwide & 1x points on all other purchases
$300 annual travel credit as reimbursement for travel purchases charged to your card each account anniversary year.
Access over 1,300 airport lounges worldwide with a complimentary Priority Pass™ Select membership, plus every Chase Sapphire Lounge^® by The Club with two guests. Plus, up to $120 towards Global Entry, NEXUS, or TSA PreCheck^® every 4 years
Get up to $150 in statement credits every six months for a maximum of $300 annually for dining at restaurants that are part of Sapphire Reserve Exclusive Tables.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance, no foreign transaction fees, and more.
Get complimentary Apple TV+, the exclusive streaming home of Apple Originals. Plus Apple Music — all the music you love, across all your devices. Subscriptions run through 6/22/27 — a value of $250 annually
Member FDIC

Financial Snapshot

APR: 19.99% - 28.49% Variable
Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Chase Savings Accounts for Businesses

Keep personal and business savings separate with a Chase business savings account. Image Credit: Chase

Chase Business Total Savings Account

If you operate a small business, every dollar counts. Chase’s Business Total Savings Account works for small businesses that want to keep business banking costs under control.

Minimum Deposit: $25
Monthly Service Fee: $10

Additional Fees:

$5 savings withdrawal fee, per withdrawal or transfer, applied after 6 withdrawals per statement period
15 free cash deposits/up to $5,000 per statement period

Waiving the Monthly Service Fee: The monthly service fee will be waived if you complete one of the following:

Maintain a minimum ledger balance of $1,000
Link a Chase Total Business Checking account

Hot Tip: If you’re opening a business savings account, but have yet to open a business checking account, there are a few great business checking accounts from Chase that might be a great fit for you.

Chase Business Premier Savings Account

Minimum Deposit: $25
Monthly Service Fee: $20

Additional Fees:

$5 savings withdrawal fee, per withdrawal or transfer, applied after 6 withdrawals per statement period
30 free cash deposits/up to $10,000 per statement period

Waiving the Monthly Service Fee: The monthly service fee can be waived by completing either of the following:

Having $25,000 or more in qualifying business deposit accounts
Linking a Chase Performance Business Checking or Chase Platinum Business Checking account

Currently, Chase Business Savings accounts earn between .06% and .13% in interest depending on the balance in the account. This rate is for customers who have a linked Chase business checking account and meet relationship requirements.

Chase Business Certificates of Deposit

If your business is generating excess cash, you might consider a Chase certificate of deposit. Chase offers business CDs with terms that range from 1 month to 10 years and offer the following features:

A fixed rate of return
Higher balances can earn a better interest rate
FDIC insured

Interest rates vary of course, but currently, you can expect to receive relationship interest rates of .02% to 1.75% depending on the amount and length of the CD.

You can access current interest rates for business savings accounts and business CDs here.

Chase Business Rewards-Earning Credit Cards

Whether you’re a small business just starting out or an established business with generous cash flow, a rewards-earning Chase business credit card can help you manage your expenses more effectively.

You’ll be earning valuable points or cash-back that can help offset travel expenses or put cash back into your business bottom line.

Ink Business Preferred^® Credit Card

U.P. Rating

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Ink Business Preferred^® Credit Card

The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.

Welcome OfferEarn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
90,000 points

UP's Offer Valuation*:
$1,800

Annual Fee

$95

APR

19.99% - 25.99% Variable

Credit Recommended

Good to Excellent

Why We Like This Card

The Ink Business Preferred^® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.

Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.

Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.

Pros & Cons

Pros

3x Ultimate Rewards points per $1 on up to $150,000 in combined purchases on internet, cable and phone services, shipping expenses, travel, and ads purchased with search engines or social media sites
Cell phone protection
Purchase protection

Cons

No elite travel benefits like airport lounge access

Read Full Review

Card Highlights

Earn 90k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase Travel℠
Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
Points are worth more when you redeem for travel through Chase Travel℠
Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
Member FDIC

Financial Snapshot

APR: 19.99% - 25.99% Variable
Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Ink Business Cash^® Credit Card

U.P. Rating

This card offers great rewards and no annual fee. Any new business owner that needs to get going will enjoy this card.

Ink Business Cash^® Credit Card

This card offers great rewards and no annual fee. Any new business owner that needs to get going will enjoy this card.

Welcome OfferEarn $900 when you spend $6,000 on purchases in the first three months after account opening.
$900

UP's Offer Valuation*:
$900

Annual Fee

APR

0% intro APR on purchases for 12 months; 17.24% - 25.24% variable thereafter.

Credit Recommended

Good to Excellent

Why We Like This Card

The Ink Business Cash^® Credit Card has a lot going for it that makes it a compelling choice for small business owners. The card features a very lucrative 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year.

When you factor in that the card has no annual fee, and 0% intro APR on purchases for 12 months; 17.24% - 25.24% variable thereafter. , you could be adding big value back into your business for no cost out of pocket.

Pros & Cons

Pros

Earn 5% back on up to $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services each account anniversary year
Earn 2% back on up to $25,000 spent in combined purchases at gas stations and restaurants, and 1% back on all other purchases
Travel insurance and purchase protection

Cons

Spending caps in bonus categories
Low points earning outside of bonus categories

Read Full Review

Card Highlights

Earn $900 when you spend $6,000 on purchases in the first three months after account opening
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards^®.
0% introductory APR for 12 months on purchases
Member FDIC

Financial Snapshot

APR: 0% intro APR on purchases for 12 months; 17.24% - 25.24% variable thereafter.
Foreign Transaction Fees: 3% of each transaction in U.S. dollars

Rewards Center

Chase Ultimate Rewards

Ink Business Unlimited^® Credit Card

U.P. Rating

The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.

Ink Business Unlimited^® Credit Card

The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.

Welcome OfferEarn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening.
$900

UP's Offer Valuation*:
$900

Annual Fee

APR

0% intro APR on purchases for 12 months; variable 17.24% - 23.24% thereafter.

Credit Recommended

Good to Excellent

Why We Like This Card

As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.

If so, the Ink Business Unlimited^® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.

Don’t forget too, 0% intro APR on purchases for 12 months; variable 17.24% - 23.24% thereafter.

Pros & Cons

Pros

1.5% cash-back on all purchases
No annual fee
0% intro APR on purchases for 12 months; variable 17.24% - 23.24% thereafter.

Cons

3% foreign transaction fee

Read Full Review

Card Highlights

Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
Earn unlimited 1.5% cash back on every purchase made for your business
No Annual Fee
Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards^®.
Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
Round-the-clock monitoring for unusual credit card purchases
With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
0% introductory APR for 12 months on purchases
Member FDIC

Financial Snapshot

APR: 0% intro APR on purchases for 12 months; variable 17.24% - 23.24% thereafter.
Foreign Transaction Fees: 3% of each transaction in U.S. dollars

Rewards Center

Chase Ultimate Rewards

Ink Business Premier^® Credit Card

U.P. Rating

Earn up to 5% cash-back for your business without complex bonus earning categories!

Ink Business Premier^® Credit Card

Earn up to 5% cash-back for your business without complex bonus earning categories!

Welcome OfferEarn $1,000 bonus cash-back after you spend $10,000 on purchases in the first 3 months from account opening.
$1,000

UP's Offer Valuation*:
$1,000

Annual Fee

$195

APR

Flex for Business Variable APR: 18.49% - 26.49%

Credit Recommended

Good to Excellent (670-850)

Why We Like This Card

Chase has introduced the Ink Business Premier^® Credit Card to its business credit card lineup. With straightforward cash-back earnings on everyday purchases and large expenses, tools to help you monitor your business, and multiple ways to redeem your rewards, this is a great card option to consider.

Pros & Cons

Pros

Earn 2.5% total cash-back on purchases of $5,000 or more
Earn 2% cash-back on all other business purchases
Unlimited 5% total cash-back on travel purchased through Chase Travel

Cons

$195 annual fee
Some purchases need to be paid in full each month and don’t qualify for Flex for Business APR

Read Full Review

Card Highlights

Financial Snapshot

APR: Flex for Business Variable APR: 18.49% - 26.49%
Foreign Transaction Fees:

NEW OFFER

Terms Apply / Rates & Fees

Sapphire Reserve for Business℠

U.P. Rating

The Chase Sapphire Reserve for Business card is perfect for frequent traveler business owners who want premium perks.

Apply Now

Sapphire Reserve for Business℠

The Chase Sapphire Reserve for Business card is perfect for frequent traveler business owners who want premium perks.

Welcome OfferEarn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening.
200,000 points

UP's Offer Valuation*:
$4,000

Annual Fee

$795

APR

18.24% - 26.24% Variable

Credit Recommended

Excellent

Why We Like This Card

The Chase Sapphire Reserve Business card is a great pick for business owners who can easily make use of the annual credits for travel, Google Workspace, ZipRecruiter, and more. Plus, it offers helpful bonus categories such as ad spend and offers access to over 1,300 airport lounges — including Chase Sapphire Lounges.

Pros & Cons

Pros

8x points on Chase Travel purchases
4x points on flights and hotels booked directly
3x points on advertising purchases made with social media sites and search engines (uncapped)

Cons

$795 annual fee

Read Full Review

Card Highlights

Earn 200,000 bonus points after you spend $30,000 on purchases in your first 6 months from account opening and with more than $2,500 in annual value, there's no competition.
Earn 8x points on Chase Travel℠ for airline tickets, hotels, including The Edit℠, car rentals, cruises, activities and tours.
Earn 5x total points on Lyft rides through 9/30/27.
Earn 4x points on flights & hotels booked direct.
Earn 3x points on social media & search engine advertising.
Get the most flexible travel credit compared to any other card, with up to $300 in statement credits each anniversary year on travel purchases.
Enjoy complimentary access to the Chase Sapphire Lounge^® by The Club network and Priority Pass™ Select membership. Two guests may accompany the Primary Cardmember to the lounges free of charge.
Member FDIC

Financial Snapshot

APR: 18.24% - 26.24% Variable
Foreign Transaction Fees: None

Chase Private Client Savings Account

Chase Private Clients (those who maintain a $150,000 average balance with Chase) receive unprecedented benefits.

One of those benefits is that there are no monthly service fees on any savings account that is linked to a Chase Private Client Checking^SM account.

Hot Tip: For more information on the benefits of being a Chase Private Client and the qualification process, access our complete guide.

Earning Cash Bonuses With Chase

Chase New Account Bonuses

Opening a new Chase savings account can earn you money!

Whether you open your account online or in your local Chase branch office, bonus incentives can be significant — even exceeding any potential first-year interest earnings.

To receive a new account bonus, you’ll need to have a coupon code applied to your application.

Visit Chase and open your savings account online, or request a coupon code be emailed to you. You can then take the emailed coupon into your local branch to open your account.

Chase account coupon — Apply online or take your coupon into a local branch to qualify for a new account bonus. Image Credit: Chase

In order to earn a bonus for opening a savings account, you’ll need to meet some requirements. These normally include:

Depositing a specific amount within the first 10-20 days (can vary) after account opening. The amount is usually $10,000 or more but could vary.
Maintain the required balance for a specific period of time, typically 90 days.

The money you use to open the account cannot come from another Chase account. After you have met the requirements, your bonus will be deposited into your account within 10 days.

Opening a Chase checking account can also earn a bonus, and there may be no deposit requirements. Other requirements such as ongoing direct deposit or a certain amount of transactions can apply.

Bottom Line: You may be able to earn a cash bonus by opening a Chase savings account. The deposit requirement is usually quite high, but the bonus you receive may be more than the amount of interest you would generally earn in the first year!

Make Money by Referring Friends

Chase referral — Earn up to $500 cash per year with referrals. Image Credit: Chase

Once you have a Chase Savings account, you can refer your friends and receive cash bonuses. You can earn up to 10 bonuses per year — that’s as much as $500 cash deposited into your account!

To invite your friends to open a Chase account, click on the refer-a-friend link and enter your name, zip code, and the last 4 digits of your debit card.

You’ll receive a special customized link to share with your friends via email. You can invite up to 25 friends per day.

You can also send an email invitation directly from the Chase site by entering your friend’s first name and email address. However, this email can take 3-5 days to be sent.

Friends who open an account using your link also receive any applicable new account bonuses when meeting the associated new account requirements.

Hot Tip: Chase bank account bonuses are treated as income. You will receive a 1099 income form for the amount of the bonus to report at tax time.

Final Thoughts

A long-term relationship with Chase can be a valuable financial partnership. And establishing this relationship with Chase can certainly begin with the initial foundation of opening both a savings and checking account.

Their banking products are solid and offer the convenience of online and mobile banking, which are necessities today.

But one of the best aspects of establishing a relationship with Chase is access to their credit card portfolio, where you can earn valuable Ultimate Rewards Points and cash-back while enjoying a variety of travel benefits.

Chase excels both in their credit card offerings and their banking product portfolio.

The information regarding Chase Savings℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer. ^{The information regarding Chase Private Client Checking℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.}