JPMorgan Chase is the biggest bank in the country, holding over $4.5 trillion in assets and serving 85 million customers in 2025. Despite its popularity, Chase does not offer competitive rates on high-yield savings accounts. Instead, the bank focuses on convenience, branch access, and a broad range of services to attract customers.

Chase Savings account offers a low 0.01% APY with a $5 monthly service fee that can be waived. Premier Savings and Private Savings accounts also have low APY rates of 0.01% to 0.02% and $25 monthly service fees, respectively. Traditional banks like Chase prioritize revenue from lending over deposit interest payouts.

For those seeking higher rates, online banks like SoFi offer a HYSA with 4.3% APY for the first six months and 3.6% APY thereafter. Lending Club’s LevelUp Savings provides a competitive 4% APY with no monthly fees. Alliant Credit Union offers a High-Rate Savings account with a 3.1% APY and no monthly fees, with a $100 minimum balance requirement.

Everbank’s Performance Savings account stands out with an impressive 3.9% APY, no monthly fees, and no minimum deposit requirement. Overall, customers seeking higher interest rates on savings accounts may find better options with online banks, credit unions, or specialized financial institutions.

Read more at Yahoo Finance: Does Chase have a high-yield savings account?