Chase Bank CD Rates

March 3, 2009

Chase Bank is one of the largest banks in the world and definitely one of the largest in North America. Top CD Rates decided it was prudent to look them over and see what the CD rates at Chase Bank are doing for the investor. You may know that Chase recently bought out Washington Mutual, effectively adding about 30% to their size (when measuring branch proliferation). This means that most Washington Mutual CD accounts will be “rolled into” Chase accounts.

Because of the current changes in Chase’s structure and their more aggressive stance in the market, most Chase Bank CD rates are extremely competitive and, of the other large banks, have seen the least amount of drop in the past two months.

Chase CD rates for one year (short-term) certificate of deposit rates are 2.25 percent annual percentage yield (APY). This is not as good as some other online 12 month rates, such as GMAC, but better than most. Where Chase CD rates really shine is in their 48 month rate at 4.0% APY.

The CD rates at Chase Bank are augmented by their consideration of being the most financially stable of the big banks in the U.S. The bank appears to be working towards growing its deposit base, pulling from its weaker competitors those who worry about the stability of their deposits.

Chase CD rates are definitely worth considering and Chase is FDIC insured, of course. Be sure to check out the Chase Online website for current rates in your area, as certificate of deposit rates and terms change often and by location.

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