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Understanding Chase Bank's Certificates of Deposit Accounts

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Learn about Chase Bank's CD accounts, interest rates, and more.

Description: A graph detailing the different interest rates from Chase Bank for CD accounts based on the maturity period.

Matched to Category: Popular Chase Bank's Certificates of Deposit Accounts are a great way for savers to make the most of their money. We monitor over 80 financial institutions, including Capital One, PenFed, Discover, Chase, TD Bank, Marcus by Goldman Sachs, TIAA Bank, Colorado and more. Certificate of deposit accounts, or CD accounts, are specialized savings accounts that offer savers a fixed rate of return on their money over a set period of time. CDs are FDIC insured and come with maturities ranging from one month to ten years.

Chase Bank offers several different types of CD accounts, including jumbo CDs, regular CDs, IRA CDs and Chase for Business. Chase for Business, a service given by Chase Bank, is tailored to meet the needs of businesses. It comes with a host of features such as a dedicated banker, business checking, and a business credit card. It'll cost $15 every month; The rates of interest they offer on CD accounts start from 0.05% and go up to 0.95%.

When looking for a CD account, you want to make sure you get the best deal for your money. To that end, you're looking for a high interest rate, to be sure, but you should also consider other factors such as minimum balances, terms, and fees. We looked at the CD accounts offered by popular banks such as Bank of America, Wells Fargo, Ally Bank, USAA, Navy Federal Credit Union, US Bank, HSBC Bank USA, SunTrust Bank, PNC Bank, America Express Bank, Capital One, Chase, Citi Bank, Discover, TD Bank, and more.

Jumbo CDs usually require a deposit of at least $100,000, though some banks may require less. A bank may offer you a higher rate for the larger balance, so it is important to compare the rates offered by different banks. The minimum deposit for non-jumbo CDs may vary, but it is usually quite low, and you can start with as little as $500.

We also looked at the monthly maintenance fees, transaction fees, and ATM fees that come with commercial LLC bank accounts. Some banks may also offer other incentives such as reward points or discounts for using their services.

When comparing your choices, the interest rate, compounding frequency and APY are all things to review before opening a new CD account. If you're considering a long-term CD, it may be worth it to look for a bank that offers a CD 'ladder' that allows them to take advantage of long-term rates while still having the flexibility to access some of their money if needed.

CD accounts may offer better interest rates than savings accounts. Longer terms will usually also have more favorable rates. Note that your rates will remain the same during the entire term, so it's important to consider the length of the term when opening a CD. Also, you should be aware that if you withdraw your funds before the maturity date, you may be subject to a penalty.

A CD account is a deposit account allowing you to deposit money and earn a fixed interest rate on it over a set maturity period. Though CD accounts have been around for a long time, they have become increasingly popular in the last few years. CDs are a great way to make sure your money is safe, and you can still earn a good return on your investment.

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