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Do you want a savings account with local branch access and no monthly fees? It’s possible with one of the best Chase savings accounts. This can be a great option if you already have a Chase checking account to have all your cash in one place.

best Chase savings accounts
A Chase savings account can give you local branch access.
Photo by John Guccione from Pexels

Best Chase Savings Accounts

There are two different Chase savings account options you can open. The better option depends on how much cash you have to deposit. Let’s see what your best option is.

Chase Savings

The entry-level Chase savings account is aptly named Chase Savings℠. This can be a better option for many because it’s relatively easy to waive the $5 monthly account fee.

The information for Chase Savings℠ has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

How to Waive the $5 Monthly Account Fee

Your monthly fee is either $0 or $5 per month. This account fee is small but still annoying. Thankfully, you have several ways to waive the monthly fee:

  • Minimum beginning of the day balance of $300
  • Minimum $25 Autosave or repeating transfer from a personal Chase checking account or a Chase Liquid prepaid card
  • Chase College Checking account linked to Chase Savings for overdraft protection
  • Linked to a qualifying Chase checking account
  • The account owner is younger than age 18

Monthly Withdrawal Limits

Chase lets you make up to six free monthly withdrawals. All excess withdrawals cost $5 per transaction.

Federal regulations only let you make up to 6 online withdrawal requests per month. Once you meet this monthly limit, you will need to visit a Chase branch or ATM if you can’t wait until next month. Don’t forget these withdrawals are subject to Chase’s $5 excess withdrawal fee.

Who Should Open a Chase Savings Account?

Chase Savings℠ can be a good option in these instances:

  • Can waive the $5 monthly account fee
  • Want local branch access to your savings account

Chase Premier Savings

If you have a high cash balance, a Chase Premier Savings℠ account can be better. The Premier Savings account has a $25 monthly fee but there are ways to waive it. One way is maintaining the beginning of the day account balance of at least $15,000 each day. The other is to link a Chase Premier Plus Checking℠ or Chase Sapphire℠ Checking account.

Of course, an online high-yield savings account can still be a better option if you’re comfortable using an online-only bank. There isn’t a one-time new member bonus at this time.

The information for Chase Premier Savings℠ and the Chase Premier Plus Checking℠ has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

Premier Relationship Bonus

Here are the two requirements to qualify for “Premier status:”

  • Link a Chase Premier Plus Checking℠ Account or a Chase Sapphire Banking account
  • At least 5 customer-initiated transactions from the linked checking account each monthly statement period

Monthly Savings Withdrawal Limits

Your first 6 monthly withdrawals are free. However, you will pay $5 per excess withdrawal unless your account balance remains at least $15,000 after the withdrawal or transfer.

Like the basic Chase Savings℠ account, federal regulations only permit up to 6 monthly online withdrawals. You will need to visit a local Chase branch or ATM after exceeding the monthly limit.

Who Should Get Chase Premier Savings

  • Can qualify for the Premier relationship rates
  • Able to maintain a minimum $15,000 balance at the beginning of each day
  • Are a Chase Sapphire Banking or Chase Premier Plus Checking member

Chase Sapphire Banking

The information for You Invest℠ by J.P. Morgan has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

At this time, Chase Sapphire Banking only offers a checking account product. You will need to open a Chase Savings or Chase Premier Savings account if you want a Chase checking and savings account.

The monthly account fee is $25 unless you maintain at least $75,000 in combined assets for these accounts:

  • Chase Sapphire℠ Checking
  • Chase Savings℠ or Chase Premier Savings

Having all three accounts is like a “Chase Bank trifecta.” If you like award travel, you might also apply for a Chase Sapphire Preferred or Chase Sapphire Reserve travel rewards credit card.

If you can meet the minimum account balance threshold, this is your best Chase Bank account option. Some of the Chase Sapphire Banking account benefits include:

  • No ATM fees worldwide
  • Higher ATM limits and purchase limits with a Sapphire Banking Debit Card
  • Premier relationship rates on Chase Premier Savings
  • No fee on the first 4 overdrafts every 12 months
  • Unlimited commission-free trades for stocks, ETFs, and fixed income at You Invest


The best Chase Savings℠ accounts are competitive with other national brick-and-mortar options. It’s easy to avoid the monthly fee and still get local branch access. Before applying, you may see if you can earn a new member bonus on a savings account to thicken your wallet.


How do I avoid Chase Savings fees?

The Chase Savings℠ account has a $5 monthly fee. You can waive the fee by completing one of these actions:

  • Maintain a minimum $300 balance at the beginning of the day
  • $25 in Autosave and other repeating automatic transfers from a personal Chase checking account or Chase Liquid Card
  • Chase College Checking account linked to Chase Savings for overdraft protection
  • Linked to a qualifying Chase checking account
  • An account owner who is an individual younger than age 18

What is the minimum balance for a Chase Premier Savings account?

The Chase Premier Savings account has a $25 monthly fee if you don’t meet certain account requirements. Keeping a minimum $15,000 beginning of the day account balance.

You can also waive the monthly fee with a linked Chase Premier Plus Checking or Chase Sapphire Checking account. Although, you will need to maintain the minimum balance for this linked account to waive its monthly fee. If you can, you don’t need to keep at least $15,000 in the Premier Savings account. But you can if you have the extra cash.

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Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.

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