Chase savings interest rates are low, but it's easy to waive monthly fees

Get the Full StoryThe Chase Savings Account Member FDIC and Chase Premier Savings Account Member FDIC both pay 0.01 APY on your savings balance.

With Chase Premier Savings, you can earn relationship rates between 0.02 and 0.05 APY by linking to an eligible checking account and making five monthly transactions from the linked account.

Chase savings interest rates are low compared to high-yield savings account rates, but comparable to what you'll find at other brick-and-mortar banks such as Bank of America and Wells Fargo.

Chase savings accounts are probably best for people who already have other Chase products and want to save with a familiar institution.

See Business Insider's picks for the best high-yield savings accounts

Chase has two savings accounts: Chase Savings and Chase Premier Savings. Both pay just 0.01 APY on your balance.

You can earn "relationship rates" of up to 0.05 by linking your Chase Premier Savings Account to a qualifying checking account and making five monthly transactions from the linked account. A rate of 0.05 is still pretty low, though.See the rest of the story at Business InsiderNOW WATCH: Pathologists debunk 13 coronavirus mythsSee Also:High-yield savings accounts aren't earning much interest right now, but keeping my money at Ally Bank is still the smartest choiceInvesting app Acorns launched an investment account for children, and membership is free if you have a baby in 2020Thanks to credit card enhancements from issuers like American Express and Citi, it's easier than ever to earn and redeem points during quarantine

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