JPMorgan Chase Savings Rate Audit
The largest US bank by assets. Chase Standard Savings pays 0.01% APY on all balances. The best high-yield savings accounts pay 4.40% APY — a 4.39% point gap that costs real money every year.
Data as of May 25, 2026
Annual Cost of Staying at JPMorgan Chase
| Balance | JPMorgan Chase Earns | Best HYSA Earns | You Lose |
|---|---|---|---|
| $10,000 | $1 | $440 | $439/yr |
| $25,000 | $3 | $1,100 | $1,097/yr |
| $50,000 | $5 | $2,200 | $2,195/yr |
| $100,000 | $10 | $4,400 | $4,390/yr |
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Open Rate Gap Calculator →Frequently Asked Questions
What APY does JPMorgan Chase pay on savings?
JPMorgan Chase currently pays 0.01% APY on standard savings accounts. This is significantly below the best available high-yield savings rates of 4.40% APY.
How much am I losing at JPMorgan Chase?
On a $25,000 balance, the gap between JPMorgan Chase (0.01%) and the best HYSA (4.40%) costs you approximately $1,098 per year in foregone interest.
Is it safe to switch to an online savings account?
Yes. Top online HYSAs are FDIC-insured up to $250,000 per depositor — the same federal protection as any major bank. The FDIC has never failed to pay an insured deposit.
How long does it take to switch?
Most online HYSAs take 5-10 minutes to open. ACH linking to your existing bank takes 1-2 business days. You can keep your current bank account while earning better rates on savings.