The Offer
- Chase Bank is offering a 3-month CD with 4.00% APY. $100,000 minimum balance.
- Balances between $10,000 and $100,000 get a rate of 3.50% APY.
The Fine Print
- $100,000 minimum
- The CD relationship rate requires a qualifying linked Chase checking account.
- APYs are effective for 01/30/2023, and are subject to change without notice.
- An early withdrawal penalty may apply.
Our Verdict
4% isn’t a bad rate on a CD, but the most interesting thing here is that Chase actually has a competitively rated CD. We don’t typically see good rates from the larger banks. We’ve added this to our list of best High Yield Savings Accounts and CDs.
This CD might be interesting to someone who anyone keeps their money with Chase or for someone who wants to become a Chase Private Client, for whatever reason. It’s worth noting that we have no idea whether they’ll continue to offer a good rate when the 3-months ends.
(Initially I thought this could be useful for the $2,000 Private Client bonus or for the $900 checking/savings bonus, but both of those exclude CDs from counting.)
Hat tip to reader Munchys
I was thinking about the 4% for the short term investment but then remembered my CFG account is giving me over 4% already.
Or you could put $10k in Schwab for 90 days, earn 3.3% plus a $100 bonus, for total APY of 7.3%
did you mean Marcus or is there a separate Schwab offer similar to the Marcus one ?
13-month CD at Ally is 4.65%
3 is less than 13.
A 13 month 100k cd is currently paying 4.46% at MSU federal credit union.
That’s cute, Chase trying to be competitive on interest rates. Yet comes up short again
Typical Chase arrogance.
They don’t even call protect their 9 mo CD’s through Fidelity.
Wait, Chase brokered CDs are callable??
not sure why anyone would do this when you can get a brokered 3 month CD at 4.6% with as little as $1000 at Fidelity
Just buy a treasury and get more interest
And no state taxes if you live in one of those states. 🙂
Or just buy stonks
I sold them in December to take some loss and they only go up now since I sold them. Now I can buy them again but they’re way higher then amount I saved. Stonks only go up in 2023.
Many thanks for this. Opened a 3.5% 3 month CD with 10,000 deposit. Easy-ish to do and did it with spare cash that I always keep at Chase. I dont want to open too many other bank accounts when I already have an existing relationship with Chase.
Only issue is that the account says that it will take 1 day to open so I dont see it online right now.
If you are under 75K just open a Redneck Bank account. Currently 4.25 and with no restrictions. LOL
https://redneck.bank/accounts/mega-money-market
Any DPs on credit card funding?
This is what Dave Ramsey calls a Certificate of Distress.