Chase CD Rates
Chase Bank is part of the JPMorgan Chase group of financial companies. This makes them part of the largest financial conglomerates in the world. This meant that we had to look into what the current Chase CD rates and information are, since we here at HighCDratesInfo.com are always looking for the best information for our readers.
There are basically two types of Chase CD offerings: a standard certificate of deposit and a higher-yield group of Chase CD called Specials. The difference between the two is mainly the minimum deposit requirements and term renewals.
Chase CD rates for standard accounts have a minimum deposit of $1,000 and range from 6 months to 3 years. The six month Chase CD rate is a 1.01% annual percentage yield (APY) and the 3 year APY is 1.01%. The Chase Bank certificate of deposit Specials are very interesting.
Chase CD Specials have a $10,000 minimum opening deposit and auto-renew at the end of their term for a like term at whatever the standard rate is at that time. Terms range from 9 months to 60 months. It works like this: if you had opened a Chase CD Special 9 months ago at 1.50% APY and it was renewing today, it would roll over into a 12 month certificate of deposit at the current rate of 0.25%.
Chase CD rates for these Special accounts start at 1.5% APY for 9 months and go to 2.5% APY for the 60-month term. For the longer-term investor, these Chase CD Specials might be the better choice to maximize your total average APY. Some risks apply, of course, since you can’t predict what Chase CD rates will be a few months or years from now.
AS always, rates change quickly, so if you’re interested in locking in one of the new Chase CD rates, you’ll want to check Chase Bank online to be sure you can. Chase Bank is FDIC insured.