Consumers searching for competitive certificate of deposit (CD) rates at Chase are in for a bit of a letdown once again.  Chase CD rates have changed very little this summer following rate reductions that took place throughout the early part of the year.  Above average CD rates from a big bank like JPMorgan Chase has long become something of the past.  Going into the month of September, Chase Bank CD rates are running well behind the top performing bank rates in the nation. 

Relative to many of the large money center banks, the CD rates at Chase are fairly competitive but when compared to the best CD rates across the nation, Chase Bank is falling way behind.  In fact, the certificate of deposit rates at Chase are currently falling behind the national average rates for comparable term certificates.

Based on data presented by the FDIC on September 2nd, the national average rate on CDs with deposit requirement under $100,000.00 included the following terms and rates:

The three month CD rate is 0.08%.
Six month CDs have an average rate of 0.12%.
One year CDs earn 0.20%
Three year term CDs yield 0.47
Five year CDs have rate of 0.77%.

Chase CD rates are based on region and market area with very little difference between regions.  For the Los Angeles, CA market area, Chase is displaying the following rates and terms:

A three month certificate has an interest rate of 0.02%.
The six month CD rate and one year CD rate is also at 0.02%.
A three year term CD has a yield of 0.35% for deposits of $10,000.0
The five year CDs rate is 0.55% for deposits of $10,000.00

Additional rates and terms are available from the bank.  Chase Bank customers can choose a term as short as one month or as long as 120 months.  The bank CDs are fixed rate and fixed term, account holders will always know exactly what interest rate they will receive during the term.

The Annual Percentage Yields (APYs) below are available to customers with a linked Chase personal checking account.  Bank customer that have a personal Chase checking account can open a new CD account online using their existing checking or savings account to fund the CD.

Current CD rates and APYs are effective for 09/05/2014 only, and are subject to change without notice.  Review the bank’s CD terms and agreement for more information.  For more rate information see the Chase CD rates table.

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