description Chime Savings Overview
Chime's savings feature is optimized for building emergency funds with minimal friction. It keeps the brand's core strengthfee avoidancewhile providing dedicated tools to help users save automatically. It is the perfect, no-fuss place to park money earmarked for emergencies without worrying about overdrafts.
help Chime Savings FAQ
What is the Annual Percentage Yield (APY) for a Chime Savings account?
The Chime Savings account offers a highly competitive APY of up to 2.00%. To earn this high-yield rate, you must be a Chime checking account holder and receive a qualifying direct deposit of at least $200.
How does Chime's automatic 'Round Ups' feature work for saving money?
When you make a purchase using your Chime Visa Debit Card, Chime rounds the transaction up to the nearest dollar. It then transfers that spare change directly from your Checking account into your Savings account.
Can I transfer money instantly from my Chime Savings account to my Checking account?
Yes, you can instantly transfer money between your Chime Checking and Savings accounts completely free of charge using the mobile app. This provides quick access to your emergency funds whenever you need them.
Does Chime charge a monthly maintenance fee for its savings accounts?
No, Chime does not charge monthly maintenance fees, minimum balance fees, or foreign transaction fees. This fee-free structure is one of the core benefits of banking with Chime compared to traditional institutions.
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