Does Chase have a high-yield savings account?

Core Insights - JPMorgan Chase is the largest bank in the U.S. with over $4.5 trillion in assets and 85 million customers as of 2025 [1] - Chase does not offer high-yield savings accounts, which are typically sought after by customers looking for better interest rates [2] Chase Savings Account Offerings - Chase Savings account has a low annual percentage yield (APY) of 0.01% and includes basic features like mobile access and FDIC insurance [3] - The Chase Premier Savings account also offers a low APY of 0.01%, or 0.02% for relationship rates, and has a $25 monthly service fee that can be waived under certain conditions [5] - The Chase Private Client Savings account has no monthly service fee but offers a maximum APY of 0.02% and is exclusive to Chase Private Client Checking customers [6] Reasons for Low Interest Rates - Chase and other large national banks do not compete on interest rates for savings products, focusing instead on convenience and a wide range of services [7] - The operational costs of maintaining physical branches, which number over 5,000 for Chase, contribute to lower deposit rates [8] - Traditional banks prioritize revenue from lending over deposit interest, maintaining a spread between loan earnings and deposit payouts, which results in low savings rates for customers [9] Conclusion - With a large customer base and steady deposit flow, Chase has less incentive to increase savings yields, as customers continue to bank with them despite low rates [10]