Chase Bank

Overview / Commentary

www.chase.com

877-682-4273

1111 Polaris Parkway
Columbus, OH 43240

Chase Bank is one of the largest banks in the United States as measured by total assets. It offers personal, business, and commercial banking products and services on both the depository and lending side. Chase has made strides to become an industry leader in customer service, with hundreds of thousands employees all over the world.

Chase Bank’s checking account offerings all have monthly service charges that can be waived if certain requirements are met. One checking account offers a certain number of non-Chase ATM transaction fee refunds. Chase Savings (SM) also come with a monthly service charge, but can be avoided by meeting minimum daily balance requirements. For the basic Chase Savings (SM) account, consumers under the age of 18 automatically avoid the monthly service charge. The bank also offers certificates of deposit (CDs) that reward higher account balances with higher interest rates. CDs can be opened online and range in term lengths from 1 to 120 months. Chase offers business and commercial banking solutions, as well as an array of credit cards.

Chase Bank online banking provides customers with free account management functions like online bill pay, paperless statements, mobile deposit, and fund transfers. Chase’s mobile banking apps are highly rated and offer a sophisticated platform from which customers can accomplish account management tasks easily on the go. Each app is specifically designed for different operating systems like iPhone, Android, and Windows, as well as tablet devices. Chase’s website is easy to maneuver and provides comprehensive information about bank and account information.

Chase Bank was originally established in 1982 as The Chase Manhattan Bank (USA). In 1996 it changed its organization type with the FDIC to a credit card bank, and in 2000 acquired JPMorgan, a financial services company. A year later the bank moved its headquarters to Newark, Delaware, where they remain today. In 2005, the bank changed its name to Chase Bank USA, and four years later acquired Bear Stearns and Washington Mutual.

The-Fed-May-Not-Hike-Interest-Rates-Until-2023-Says-Jpmorgan - 8/26/2021

I have an investment acct with Ameritrade and own quite a few shares of Chase. This CNBC video was posted on the stock's webpage at the Ameritrade website early this morning. https://www.cnbc.com/video/2021/08/26/the-fed-may-not-hike-interest-rates-until-2023-says-jpmorgan.html#:~:text=The%20Fed%20may%20not%20hike%20interest%20rates%20until,likely%20be%20very%20gradual.%2002%3A53%202%20minutes%20ago

BIG, BIG Win For The Big Banks - They Can Resume Buying Back Their Own Stock - 12/22/2020

As always, great news for investors but not for savers. This move obviously benefits ALL big banks, not just JPM. Nine months ago, the Federal Reserve put the kibosh on banks being able to buy back their own stock or increase dividends. The move was part of a design to ensure that the big banks had enough liquidity during what the government predicted would be a trying time for the economy The Fed rewarded the big banks yesterday, allowing these lenders to resume stock repurchases, beginning in the first quarter. After the announcement, Chase and BAC shares both jumped 4% while Goldman Sachs soared more than 6%. https://www.foxbusiness.com/markets/banks-buy-back-stock-federal-reserve

Chase Private Client $2000 Bonus - 11/27/2020

Chase Bank is offering a $2000 bonus if you keep $250,000 in a Private Client account for 90 days. This is like a 3-month CD with an interest rate of approx. 2.5%. (Chase Private Client bonus): https://account.chase.com/consumer/banking/chaseprivateclient?jp_cmp=rb/CPC+Brand_Brand_BMM_CPC_SEM_IFP_DeskTab_Standard/sea/p47263267897/Brand+Offers&gclsrc=aw.ds&&gclid=CjwKCAiA5IL-BRAzEiwA0lcWYh3Syfx7ZtIQlIenqn9EBrYWhpt7Y-SefOd6R0XissF8JiM7Se5ZoxoC24kQAvD_BwE

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Earlier

8/26 - The-Fed-May-Not-Hike-Interest-Rates-Until-2023-Says-Jpmorgan

12/22 - BIG, BIG Win For The Big Banks - They Can Resume Buying Back Their Own Stock
11/27 - Chase Private Client $2000 Bonus
1/2 - Chase Offering $1000 Bonus For Opening/Upgrading To Sapphire Banking With $75K

11/29 - $225 Bonus To Open A Savings Account With $15,000 New Money Held For 90 Days
10/19 - Chase 5% Cash Back Catagories Oct To Dec
9/13 - Chase Expanding It's Footprint Into DC/MD/VA

Reviews (245)

Great Bank. Wish They Had More Branches Though.

Posted by: BGraham16 | Dec 19, 2020

Really like their mobile app, online experience, and credit cards. Wish they had more branches in my area though (or at least lower ATM fees).

Can't say I'd want to have business accounts with them though. They tend to mainly care about their BIG customers, in that regard (can't blame them though/that's what all the big banks do).

Comment

Private Client Customer Exp Is Great

Posted by: AjayPrakash44 | Jul 30, 2021

I have enough invested with JPMorgan to qualify for Chase Private Client. Frankly, I've been really impressed with how few fees I end up paying and how much better the tech experience is than it was just a few years ago.

I would say the downsides were around my mortgage - they got me a really great rate, but the application process was really terrible. In addition, they keep hassling me wanting to sell more investment services.

But otherwise, I think its a good option if you can hit the minimum balances.

Comment

Took $900 CASH Without Giving Deposit Receipt

Posted by: Truthteller | Aug 5, 2021

I’m still waiting for $900 to show up in my account. How unprofessional to tell me to call an 800# to ‘check and see’ if my deposit went through. If your ATM is broken - don’t have people use it and take their money with NO recourse. Completely unacceptable.

Comment

Best Bank I Have Used

Posted by: moodfish | Jun 23, 2019

I have had accounts with many banks and Chase is the best in customer service and they don’t try to make money from me with special
fees. Bank of America, Wells Fargo, and US Bank all treated me badly. I would recommend Chase bank to anyone, especially if you are a veteran because they give veterans special pluses for no fees. And the Chase app has many features that all have worked well for me!

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Health

Data as of Q2 2021

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Health Grade Components

Overall
FDIC Certificate #	628
Year Established	1824
Employees	199245
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.3%
Return on Equity - YTD	14.66%
Annual Interest Income	$26.39B

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$3,190.1B$2,822B
Loans	Q2 2021vs Q2 2020	$1,030.2B$947.1B
Deposits	Q2 2021vs Q2 2020	$2,403B$2,051.7B
Equity Capital	Q2 2021vs Q2 2020	$288.1B$252.8B
Loan Loss Allowance	Q2 2021vs Q2 2020	$19.49B$32.07B
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$9.82B$9.46B
Real Estate Owned	Q2 2021vs Q2 2020	$228.0MM$283.0MM

Rates

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Checking
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Always verify rates and promotions with the bank or credit union. We are not Chase Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Chase Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$250k^*	$500k	Chase Premier Savings - Relationship
OTHER TIERS: 0.02% → Up to $50k \| 0.03% → $50k - $100k \| 0.04% → $100k - $250k
0.05%^*	$250k^*	-	Chase Private Client Savings - Relationship
OTHER TIERS: 0.02% → Up to $50k \| 0.03% → $50k - $100k \| 0.04% → $100k - $250k
0.05%^*	$1m^*	-	Chase Private Client Savings - Standard
OTHER TIERS: 0.01% → Up to $1m
0.01%^†	-	$500k	Chase Premier Savings - Standard
0.01%^†	-	-	Chase Savings (SM)

Chase Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.01%^†	-	-	Chase Premier Plus Checking
0.01%^†	-	-	Chase Sapphire Checking
0.01%^†	-	-	Chase Private Client Checking
0.00%^†	-	-	Business Checking
0.00%^†	-	-	Chase Total Checking®
0.00%^†	-	-	Chase Business Complete Banking

Chase Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$10k^*	-	6-8 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	9-11 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	12-14 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	24-29 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	30-35 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	48-83Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	84-120 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	21-23 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	36-41 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	15 - 17 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	18-20 Month CD-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	42-47 Month CD - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.02%^†	$1k	-	1 - 2 Month CD - Relationship
0.02%^†	$1k	-	3-5 Month CD - Relationship
0.01%^†	$1k	$100k	1 - 2 Month CD - Standard
0.01%^†	$1k	$100k	3-5 Month CD - Standard
0.01%^†	$1k	$100k	6-8 Month CD - Standard
0.01%^†	$1k	$100k	9-11 Month CD - Standard
0.01%^†	$1k	$100k	12-14 Month CD - Standard
0.01%^†	$1k	$100k	24-29 Month CD - Standard
0.01%^†	$1k	$100k	30-35 Month CD - Standard
0.01%^†	$1k	$100k	48-83 Month CD - Standard
0.01%^†	$1k	$100k	84-120 Month CD - Standard
0.01%^†	$1k	$100k	21-23 Month CD - Standard
0.01%^†	$1k	-	36-41 Month CD - Standard
0.01%^†	$1k	-	15 - 17 Month CD - Standard
0.01%^†	$1k	-	18-20 Month CD-Standard
0.01%^†	$1k	-	42-47 Month CD - Standard

Chase Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*^†	$10k^*	-	6-8 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	9-11 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	12-14 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	24-29 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	30-35 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	48-83 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	84-120 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	21-23 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	36-41 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	15 - 17 Month IRA - Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$10k^*	-	18-20 Month IRA-Relationship
OTHER TIERS: 0.02% → $1k - $10k
0.05%^*^†	$1k^*	$100k	42-47 Month IRA - Relationship
OTHER TIERS: 0.01% → $100k+
0.02%^†	$1k	-	3-5 Month IRA - Relationship
0.02%^†	$1k	-	42 - 47 Month IRA - Standard
0.02%^†	$1k	-	1 - 2 Month IRA - Relationship
0.01%^†	$1k	$100k	3-5 Month IRA - Standard
0.01%^†	$1k	$100k	6-8 Month IRA - Standard
0.01%^†	$1k	$100k	9-11 Month IRA - Standard
0.01%^†	$1k	$100k	12-14 Month IRA - Standard
0.01%^†	$1k	$100k	24-29 Month IRA - Standard
0.01%^†	$1k	$100k	30-35 Month IRA - Standard
0.01%^†	$1k	$100k	48-83 Month IRA - Standard
0.01%^†	$1k	$100k	84-120 Month IRA - Standard
0.01%^†	$1k	$100k	21-23 Month IRA - Standard
0.01%^†	$1k	-	36-41 Month IRA - Standard
0.01%^†	$1k	-	15 - 17 Month IRA - Standard
0.01%^†	$1k	-	18-20 Month IRA-Standard
0.01%^†	$1k	$100k	1 - 2 Month IRA - Standard