Chase Money Market Rates Bulletin
A few weeks ago, we here at Bank Rates Reviews had a look at how Chase Bank Money Market rates are doing. Now we’re going to revisit that look and see what’s changed to bring you the latest information.
The two types of money market savings for Chase Money Market rates are the standard and the retirement savings. Both are essentially the same with the retirement money market having restrictions based on IRS rules for tax-exempt investment.
Both of these Chase money market rates are at 0.01% annual percentage yield (APY). The standard account, however, has higher Chase interest rates if you have a relationship (checking or other savings) with Chase Bank. The rate then climbs to 0.02% APY.
For those who don’t need the convenience of checking that a money market account offers and who aren’t needing a retirement account, your Chase Bank money market interest rates can be better if you just switch to a standard savings account instead. These return in tiers and are all higher than the money market return.
The Chase interest rates on up to $10,000 in deposits is 0.05% or 0.10% with relationship. They go up from there, peaking at 0.50% APY with $25,000 or more on deposit (with relationship).
Chase Bank is fully FDIC insured, of course. Both Chase money market rates and Chase interest rates on savings are variable rates that can change daily. No rate of return is guaranteed.