Chase Savings Account Review 2022
JPMorgan Chase’s consumer and business banking segment is Chase. It rose in size when it merged with JPMorgan & Co. in 2000. It now has $3.4 trillion in assets and serves over half of all American households. GOBankingRates named Chase one of the Best National Banks of 2022 and one of the Top 100 Banks of 2022. Learn about Chase Savings Account Review 2022.
Watch the below video on Chase Savings Account Review 2022:
PROS
* Popular mobile app and website
* Large ATM network
* New customer bonuses
* Compatible with major digital payment platforms Variety of accounts for kids and teens
No high-yield savings accounts, no money market accounts, no money market funds. Monthly account fees
Chase Product Info
Here’s a closer look at Chase’s offerings.
Chase Checking
They come in three flavors: Everyday, Premium, and Kids & Students. Here’s the scoop.
Checking Totals
Despite being a simple account with no frills, GOBankingRates named Chase Total Checking as one of the Best Checking Accounts of 2022. It also includes autosave and no overdraft fee if you’re overdrawn by $50 or less by the end of the business day. The account has a $12 monthly service fee, but it can be waived with a $1,500 opening balance, $500 recurring direct deposit, or $5,000 average opening balance from other qualified accounts.
CB Secure
Chase Secure Banking is a basic checking account with a monthly charge of $4.95. Plus, Chase will deny or return any purchase that exceeds your balance. Even if you have a negative balance, the bank won’t charge you an overdraft fee.
Chase Savings
Chase offers two types of savings accounts: Chase Savings and Chase Premier Savings. Overall, Chase savings rates are modest.
JP Savings
Chase Savings is one of the Best Savings Accounts of 2022 according to GOBankingRates. The account pays 0.01 percent APY on all balances and has a $5 monthly service fee that can be waived if you:
The account owner must be under the age of 18 and have a daily balance of $300.
Chase’s Strengths
Achieving the highest score on GOBankingRates is easy with Chase.
Opening Deposits
No minimum deposit is required to start a Chase checking or savings account, making it more economical (and convenient) to open multiple accounts. Chase’s certificates of deposit have a $1,000 minimum initial deposit, compared to a bank’s $2,500 minimum.
Product Range
Chase has all the products a big bank should have, and then more. With Chase, you can perform all your banking online. The bank offers eight distinct checking accounts, two savings accounts, and a selection of CDs. But the bank doesn’t offer money market accounts. Other Chase services include credit cards, auto loans, investment and business services.
Chase Savings Account Review 2022: Conclusion
Chase is ideal for traditional bank customers since it provides consistency and accessibility. Chase provides both online and in-branch service in addition to a large range of goods.
