Changes to Chime Savings Annual Percentage Yield (APY) and the Introduction of Program Banks

As of September 20, 2023, the APY¹ on Chime Savings Account is 2.00%. The current interest rate is 1.98%.

You work hard for your money, now we’re committed to making it work for you. Members with a Chime Savings Account are eligible to receive 2.00% APY¹ on their savings with no minimum balance requirements.

How does the Chime Savings Account work?

A Chime Savings Account allows you to place money in a savings account at a bank to earn interest. Your funds are held at one or more FDIC-insured banks.² Read more below about which bank is holding your money.

Check out which financial institution provides banking services for your Chime account. The bank’s name appears in your Checking Account and Savings Account Agreements and also appears on the back of your Chime debit card.

Chime Sweep Program

For savings account depositors at The Bancorp Bank, N.A. and Stride Bank, N.A., the Chime Sweep Program permits each bank to automatically arrange the deposit of your total available Chime Savings Account balance into interest-bearing deposit accounts at one or more U.S. bank chartered, depository institutions (what we call a “Program Bank”). You’ll be able to access the funds in your Savings Account by transferring money to your Checking Account using the Chime Mobile App or online.

The list of Program Banks for both The Bancorp Bank, N.A. and Stride Bank, N.A. appears on a Program Bank list. The list and the amount of your savings account funds that were deposited at each Program Bank are always accessible through the Chime Mobile App or by contacting Chime Member Services at 844-244-6363.

Generally, you will not have direct relationships with Program Banks. Instead, all deposits to and withdrawals from the Program Banks will be made by The Bancorp Bank, N.A. or Stride Bank, N.A. on your behalf. If you would like to know how much of your funds is held at any particular Program Bank, you should check your Savings Account Statement or contact Chime Member Services, not the Program Banks.

Savings Account Agreements

See the Savings Account Agreement for each bank for complete details about how your Savings Account works:

Program Banks List

As of February 1, 2024, the Chime Savings Account funds for The Bancorp Bank, N.A. are held at the following Program Banks:

  • Amarillo National Bank
  • Associated Bank, N.A.
  • Bremer Bank, N.A.
  • Byline Bank
  • Cadence Bank
  • EagleBank
  • First Carolina Bank
  • Legacy Bank & Trust
  • Manufacturers Bank
  • Metro City Bank
  • Ponce Bank
  • State Bank of India
  • Synovus Bank
  • The Bancorp Bank, N.A.
  • The Camden National Bank
  • The Freedom Bank of Virginia
  • Third Coast Bank, SSB
  • Truist Bank
  • Union Bank & Trust Company
  • Unity Bank

As of February 1, 2024, the Chime Savings Account funds for Stride Bank, N.A. are held at the following Program Banks:

  • Amarillo National Bank
  • Associated Bank, N.A.
  • Bremer Bank, N.A.
  • Byline Bank
  • Cadence Bank
  • EagleBank
  • First Carolina Bank
  • Legacy Bank & Trust
  • Manufacturers Bank
  • Metro City Bank
  • Ponce Bank
  • State Bank of India
  • Stride Bank, N.A.
  • Synovus Bank
  • The Camden National Bank
  • The Freedom Bank of Virginia
  • Third Coast Bank, SSB
  • Truist Bank
  • Union Bank & Trust Company
  • Unity Bank

If at any time you’d like to opt-out of any Program Bank or close your Savings Account, contact Member Services by calling 844-244-6363.


¹ The Annual Percentage Yield (“APY”) for the Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. Visit the Chime website for the most current rate. No minimum balance required. Must have at least $0.01 in Savings Account to earn interest.

² Funds at each Program Bank are eligible for FDIC deposit insurance up to at least $250,000 principal and accrued interest for each ownership category at each Program Bank as defined by the FDIC. You are responsible for monitoring the total amount of all deposits you have with each Program Bank in order to determine the extent of available FDIC deposit insurance coverage. If the amount of your funds on deposit at each Program Bank on the List is equal to the deposit insurance limit, any additional funds that you wish to deposit will be held without limit and without FDIC deposit insurance coverage at the designated Excess Bank, currently Associated Bank, N.A. at Stride Bank, N.A. and The Bancorp Bank, N.A. at The Bancorp Bank, N.A. See the Stride Bank Savings Account Agreement or The Bancorp Bank, N.A. Savings Account Agreement for details about this feature.

At any time you may designate a Program Bank as ineligible to receive Savings Account funds. This will result in your funds being deposited at another Program Bank. An alternative Program Bank may also be provided. To designate a Program Bank ineligible, contact Member Services. If you do not wish to participate in the Program, or you wish to opt out from The Bancorp Bank, N.A. as a Program Bank, contact Member Services to close the Savings Account. See the Stride Bank Savings Account Agreement or The Bancorp Bank, N.A. Savings Account Agreement for complete details about this program.

Chime® is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card and the Chime Credit Builder Visa® Credit Card are issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit and credit cards are accepted. Please see the back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

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Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A. and Stride Bank, N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

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