Chase Promotions
Chase Savings℠
Chase Savings℠ is an interesting new option for keeping your cash deposits somewhere. While just last year we saw many online savings accounts offering north of 2% APY, that has come down significantly in the face of the COVID-19 pandemic. So, many banks are now offering under 1%.
While you can get close to 1% at other banks, Chase is taking a different route. They’re offering a 0.01% APY on balances deposited, but they’re giving a one-time $150 bonus on deposits of $10,000 or more, if you deposit that money within 20 business days of opening the account (and keep it there for 90 days). That’s essentially a 1.5% rate of return on that money, so it’s definitely an option worth considering right now.
Rob Berger
Rob Berger is the founder of Dough Roller and the Dough Roller Money Podcast. A former securities law attorney and Forbes deputy editor, Rob is the author of the book Retire Before Mom and Dad. He educates independent investors on his YouTube channel and at RobBerger.com.
