Best CD Rates Info

Chase Bank (formerly known as Chase Manhattan Bank) is part of the huge JPMorgan Chase empire. Best CD Rates Info decided to review Chase Bank CD rates in our continuing quest for the best CD rates.

CD rates at Chase Bank basically come in two categories: the standard Chase Certificate of Deposit and Chase CD Specials. We will take a quick look at the CD interest rates for both types of Chase CDs.

The standard Chase Certificate of Deposit is available in terms of 6, 12, 18, 24 and 36 months. While rates could be better in your area, in the sample of areas we chose, the highest CD rates for these offerings was an Annual Percentage Yield (APY) of 2.25 percent. While the minimum opening deposit is only $1,000 for these CDs, we found this APY less than inspiring.

The outlook brightened when we reviewed the Chase CD Specials. While these Chase CDs require a $10,000 minimum deposit, they reward investors with significantly higher interest rates. In the areas of our sample, we found the Chase Special 6 month CD with a 2.50% APY; the 12 month CD with a 3.00% APY; the 24 month CD with a 3.50% APY; and the 48 month CD with a 4.00% APY. Not too shabby, in our opinion.

So, if you don’t mind the $10,000 minimum opening deposit, the Chase CD Specials could certainly be worth considering. Please note that rates and terms can change with time and vary by region, so please be sure to check the Chase web site to confirm the current CD rates available in your area.