Looking at another of the nation’s leading banks, we here at Peak Personal Finance are interested in showing you how the Chase Bank CD rates stack up.
JPMorgan Chase is the premier financial institution of the United States. Chase CD rates are at par with the national averages and higher in some cases. With its extensive network of branches, Chase Bank offers some of the best investment options in these certificates.
Chase Bank CD Rates for a 6-month investment are currently estimated at 0.25%. A 1-year investment also returns the same APY of 0.25%. An 18-month investment returns an APY of 0.75% and a 2-year investment returns an APY of 1.01%. A 3-year investment returns an APY of 1.01%.
Chase certificate of deposit rates for 9-month CD are currently estimated at around 0.50%. A 13-month CD returns an APY of 0.75% whereas a 30-month CD returns an APY of 1.50%. A 3-year investment in these certificates will yield an APY of 2.00%. A 4-year investment in these certificates will return an APY of 2.50% whereas a 5-year investment returns an APY of 3.00%.
The best CD rates are available for five year investment option at 3.00% whereas three and four year investments also return reasonable rates at 2.00% and 2.50%, respectively. CD account rates remain constant even if the customers increase their amounts of investment. Chase Bank website has a feature where customers can calculate their CD rates for the amount of investment that they are going to accrue over their terms of investments. Federal and state taxes and other charges are applicable and the bank also imposes penalty in case of early withdrawals.
