High Yield Chime Savings Account

Make your money grow faster

1.00%  Annual Percentage Yield (APY).¹ Set money aside with Automatic Savings features. And never pay a fee².

Chime Savings Account APY 2020

Earn more on every dollar

We offer 1.00% APY¹ on your Savings Account. That’s 16x³ the national average!  Learn how we got this rate.

No fees. No catch. No worries.

No minimum balance requirement, no maximums on interest earned. And no fees².

Grow your savings automatically

With Round Ups, you save the change on every purchase. And Save When I Get Paid helps you automatically save a percentage of every paycheck⁴.

Secured and FDIC Insured

We use encryption and secure processes to help ensure your money is safe. And your funds are held at FDIC insured banks⁵. Learn how the Chime Savings Account works.

Chime Savings account APY vs average

How our Savings Account stacks up

  • 1.00% variable APY¹ -- that's 16x³ the national average
  • No fees²
  • Automatic Savings features

Get Started Today

You’ll need a Chime Spending Account to be eligible for our savings account. Applying for our Spending Account is free and takes less than 2 minutes with no impact to your credit score.


Here’s everything you need to know about Chime Savings Account

Why should I open a Savings Account with Chime?

The Chime Savings Account offers you a variable rate of 1.00% APY¹ and there’s no minimum balance requirement! On top of that, our Automatic Savings features help you grow your savings faster:

Round Ups

Save money every time you make a purchase or pay a bill with your Chime Visa® Debit Card. Round Ups automatically round up transactions to the nearest dollar and transfers the Round Up from your Spending Account into your Savings Account.

Save When I Get Paid

Save When I Get Paid makes it easy to automatically start saving money with every paycheck so you can achieve your financial goals faster. You can automatically transfer 10% of your direct deposit of $500 or more into your Savings Account.

Are there fees to open a Savings Account?

No way! There are absolutely no fees for the Chime Savings Account.

Is there a minimum deposit or eligibility requirements?

There is no minimum deposit required to earn the interest rate. As long as you have a balance of at least $0.01 in your Savings Account, you will earn interest.😎

How do I enroll in the Chime Savings Account?


If you are new to Chime, you can start by opening a Spending Account through the “Get started today” section above to be eligible. Opening an online bank account powered by Chime takes less than 2 minutes! Once enrollment is complete, we recommend you download our mobile banking app.  You can open a Chime Savings Account in the Chime app under Settings or via our website.

If you have a Chime Spending Account but haven’t yet opened a Savings Account, you can open one in the Chime app under Settings or via our website.


What is APY?

The Annual Percentage Yield, or “APY”, is a  percentage rate reflecting the total amount of interest paid on an account. This is based on the interest rate and how often interest compounds(interest on the amount you contributed plus any interest you already earned).

APY gives you an idea of what you can earn if you keep a steady balance in your account for a year. What you actually earn will depend on the balance in your account, but the APY can help you compare rates between accounts.

How is my interest calculated?

Your interest is calculated each day based on your Savings Account balance.

When is interest added to my account?

Interest on the Savings Account is credited on the first day of the month for the preceding calendar month.

What is a variable interest rate?

A variable rate is a rate that may change from time to time. It is dependent on a few factors, including things like changes in market rates and conditions. We do not take rate changes lightly, so we will always do what we can to provide you with the best rate.

Can I deposit money directly into my Savings Account?

No, but here are a few easy ways to put money in your Savings Account:

  1. Transfer directly from your Spending Account
  2. Send 10% of every direct deposit of $500 or more with Save When I Get Paid 

Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

Please note: By clicking on some of the links above, you will leave the Chime website and be directed to an external website. The privacy policies of the external website may differ from our privacy policies. Please review the privacy policies and security indicators displayed on the external website before providing and personal information.

¹The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of June 18th, 2020. No minimum balance required. Must have $0.01 in savings to earn interest.
²There’s no fee for Chime Savings Accounts. Cash Withdrawal and Third-party fees may apply to Chime Spending Accounts. You must have a Chime Spending Account to open a Chime Savings Account.
³The average national savings account interest rate of 0.06% is determined by FDIC as of June 1st, 2020 based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Visit https://www.fdic.gov/regulations/resources/rates/historical/2020-06-01.html to learn more.
⁴Round Ups automatically round up debit card purchases to the nearest dollar and transfers the round up from your Chime Spending Account to into your savings account. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more into your savings account.
⁵FDIC deposit insurance limit to $250,000 per depositor, per insured bank, per ownership category. For Stride Savings Account depositors please visit www.chime.com/savings-apy-and-program-banks/ for more details on FDIC insurance.

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