Existing balance requirements: Under the Relationship Pricing Program, participating customers who have at least $500,000 in existing eligible Chase and J.P. Morgan deposit accounts and/or J.P. Morgan Wealth Management accounts can save 0.125% off the standard rate. Participating customers with over $1 million can save 0.25%. Any existing funds and/or investments funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible balance amount. Chase employees are not eligible for the existing balance rate discount.
New money requirements: Additional rate discounts are available under the Relationship Pricing Program, based on the new deposit and/or investment assets transferred to Chase and/or J.P. Morgan Wealth Management accounts and the mortgage loan amount. Any existing funds or new deposit and/or investments funds (including funds used for down payment) that exit your accounts prior to closing will be deducted from your eligible transfer amount (you will not be penalized for changes in market value).
Combined discount: You can qualify for both the existing balance discount and the new money discount at the same time. However, the maximum rate discount for all programs combined (including employee mortgage rate discount) is 0.5%.
Account Eligibility: Qualifying personal banking and/or investment balances will be used in determining the appropriate mortgage rate discount. However, business, deferred compensation, student, custodial, 529b college savings, donor-advised funds, select retirement accounts and non-vested RSU accounts do not qualify.
Chase reserves the right to amend, terminate or withdraw the rate discount at any time without prior notice.