Chase Business CD Interest Rates

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Business CD rates

Chase Business Certificates of Deposit Interest Rates

Certificates of Deposit (CDs) earn a guaranteed interest rate, while keeping your dollars FDIC insured up to the maximum amount allowed by law. A $1,000 minimum is required to open a CD. Please go to a branch to open a CD. The Annual Percentage Yields (APYs) below are CD relationship rates available to our customers with a linked Chase business checking account. APYs are effective for 04/15/2021, and are subject to change without notice. Website rates are generally updated each business day in the morning and rates may vary by market. CD interest is compounded daily. You may choose, depending on the term, to have your CD interest paid monthly, quarterly, semi-annually or annually and at maturity. Penalties may apply to withdrawals made prior to maturity. Please see the Deposit Account Agreement and rate sheet for more information and non-relationship standard rates.

Certificate of Deposit FAQ

A Chase Certificate of Deposit, or CD, is a type of federally-insured savings account that has a fixed interest rate and fixed date of withdrawal, known as the maturity date.

The minimum deposit amount to open a Chase CD is $1,000.

We use the daily balance method to calculate interest on your CD. This method applies a periodic rate each day to your balance. Interest begins to accrue on the business day of your deposit. Interest for CDs is calculated on a 365-day basis, although some business CDs may calculate interest on a 360-day basis. The Annual Percentage Yield (APY) disclosed on your deposit receipt or on the maturity notice assumes interest will remain on deposit until maturity. On maturities of more than one year, interest will be paid at least annually. Please see the Deposit Account Agreement and rate sheet for further details.

There is a penalty for withdrawing principal prior to the maturity date:

If the term of the CD is less than 24 months, the early withdrawal penalty is 1% of the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
For terms 24 months or more, the early withdrawal penalty is 2% of the amount withdrawn, but not more than the total amount of interest earned during the current term of the CD.
If the withdrawal occurs less than seven days after opening the CD or making another withdrawal of principal, the early withdrawal penalty will be calculated as described above, but it cannot be less than seven days’ interest.
The amount of your penalty will be deducted from principal.

See the Deposit Account Agreement and rate sheet for further details.

The maturity date is the last day of your CD’s term. The grace period is the 10 days after the maturity date for CDs with a term of 14 days or longer. On the maturity date or during the grace period, you can change the term of your CD, make additional deposits (for non-retirement CDs only) or withdraw your CD principal without paying an early withdrawal penalty. We'll notify you 15 days prior to the maturity date and would recommend discussing your options with your Chase banker.

Automatically renewable CD: An automatically renewable CD will renew on the maturity date for the same term unless we notify you otherwise, or you change or close the account.

Once your CD renews, any reference to the maturity date means the last day of the new term.
For the renewal term, your CD will earn interest for the term and amount at the CD standard rate unless you qualify for the CD relationship rate.
If your CD is closed during the grace period, it won't earn interest on or after the maturity date.

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Chase Business CD Interest Rates

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