What you'd earn at each, by balance.
What you'd earn at each, by balance.
Annual interest = principal × APY, simple interest. All accounts FDIC insured up to $250,000.
| Balance | Chase0.01%APYYour current bank | ||
|---|---|---|---|
| $5,000 | $0.50/yr | $210.50/yr | $187.50/yr |
| $10,000 | $1/yr | $421/yr | $375/yr |
| $25,000 | $2.50/yr | $1,052.50/yr | $937.50/yr |
| $50,000 | $5/yr | $2,105/yr | $1,875/yr |
| $100,000 | $10/yr | $4,210/yr | $3,750/yr |
Personalize the gap.
Compared at Chase's 0.01% standard APY vs. Axos Bank's 4.21% APY. Simple interest.
That's $2,100 over five years, just by switching where the dollars sit.
Why does Chase pay so little on savings?
Chase is the largest US bank by deposits — roughly $2.4 trillion in deposit base — and at that scale money flows in regardless of the rate offered. There is zero competitive pressure to raise the savings APY when the depositors are already there. Chase also operates the country's largest branch footprint, around 4,700 physical locations, and that real estate costs billions a year to maintain. The margin between what Chase pays depositors and what it earns on loans helps fund that branch network. The result, as of June 15, 2026, is that Chase has paid 0.01% APY — the regulatory floor for an interest-bearing account — for years on end. There is no structural incentive for that to change.
What about Chase's higher-tier savings accounts?
Chase's higher-tier product is Chase Premier Savings, which pays just 0.02% APY as of June 15, 2026 and only to customers who hold a linked Chase Premier Plus or Sapphire Checking account. The standard Chase Savings account itself carries a $5 monthly service fee, waived with a $300 minimum daily balance or a linked Chase checking account. Even at the Premier tier, 0.02% APY is still hundreds of times lower than the rates available at top high-yield savings accounts. The tier exists to retain deposits across products, not to reward savers.
Where Chase customers are moving their savings.
Every account below is FDIC insured to $250,000, with the same daily access you have today. On a $10,000 balance, the top rate earns about $420 more a year than Chase.