CD FAQ
CD FAQ
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Monthly Service Fees
There is a $35 Monthly Service Fee for Chase Private Client Checking OR $0 when you have at least one of the following each statement period: an average beginning day balance of $150,000 or more in any combination of this account and linked qualifying deposits¹/ investments² OR, a linked Chase Platinum Business CheckingSM account.
¹ Qualifying personal deposits include up to nine Chase Private Client Checking accounts, Chase High School CheckingSM accounts, Chase First CheckingSM accounts, personal Chase savings accounts (excluding Chase Premier SavingsSM), CDs, certain Chase Retirement CDs, or certain Chase Retirement Money Market accounts.
² Qualifying personal investments include balances in investment and annuity products offered through JPMorgan Chase & Co. and its affiliates and agencies. For most products, we use daily balances to calculate the average beginning day balance for such investment and annuity products. Some third party providers report balances on a weekly, not daily, basis and we will use the most current balance reported. Balances in 529 plans, donor-advised funds, and certain retirement plan investment accounts do not qualify. Investment products and related services are only available in English.
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Receive priority service, exclusive perks and benefits from Chase, plus investing strategies and insights from J.P. Morgan Wealth Management.
No ATM fees worldwide³, plus no Chase fee4 on incoming or outgoing wire transfers.
Once you open an account, schedule a meeting with your banker to help you get started, open additional accounts, and move funds over to Chase.
³ There is no Chase fee at non-Chase ATMs. Chase will refund ATM fees charged by the ATM owner/network. This benefit will begin the next business day after opening the account. Some ATM owners/networks do not identify these fees in the information they send to us and, as a result, we may not automatically refund the fee. If for any reason the refund is not processed, please contact us. There is no Foreign Exchange Rate Adjustment Fee when conducting transactions in a foreign currency. If you choose to convert an international transaction to U.S. dollars at either an ATM or on a purchase, foreign currency commissions and fees included in the exchange rate charged by third parties are excluded from Chase reimbursements.
4 For wire transfers, the “No Chase Fee” benefit applies to the Wire Transfer Fees section listed on the Fee Schedule of the Additional Banking Services and Fees, which can be found at chase.com/disclosures content. Financial institutions may deduct processing fees and/or charges from the amount of the incoming or outgoing wire transfers. Any deductions taken by us, and our affiliates, may include processing fees charged by Chase.
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Schedule a meetingCommon Questions About CD Ladders
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A CD ladder is a group of 4 CDs opened at the same time for the same amount, but for different terms. When each CD matures, its term will change to the longest term of the ladder.
A CD ladder can help you build a saving strategy to earn interest over time, while providing you access to a portion of your funds at staggered intervals.
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Clients with a linked Chase Private Client CheckingSM1 account can open a CD ladder with a banker at any branch.
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CD ladders may be opened in a branch and cannot be opened online at this time. All 4 CDs in a ladder are opened at the same time, for the same amount, with a minimum of $1,000 in each CD.
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A CD ladder allows you to earn interest, and provides you access to your money at staggered maturity dates.
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We offer two CD ladders:
- 4-month CD ladder made up initially of 1, 2, 3, and 4-month term CDs
- 12-month CD ladder made up initially of 3, 6, 9, and 12-month term CDs
Note: Each CD in the ladder receives its own unique account number and CD receipt at account opening.
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Yes, each CD in a ladder is FDIC insured up to the maximum amount allowed by law.
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Each CD will automatically renew to the longest term of the ladder (either 4 or 12 months). You will be reminded of the new term on your CD Maturity Notice, which you will receive as each CD in the ladder reaches maturity.
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You may add or withdraw money in a CD during the grace period following each CD’s maturity date.1
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Interest rates vary based on the account balance at opening or renewal. Meet with a Private Client Banker to see the CD ladder section of the Chase Private Client Deposit Rates for the specific interest rate for each CD term in a ladder.
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A traditional CD cannot be changed to a CD ladder. However, once your traditional CD matures, you can choose to withdraw funds and open a CD ladder as a group of 4 CDs.