Is Online Banking Safe? Know the Risks and How To Protect Yourself
Jan 21, 2026
What Is a High Yield Savings Account and How They Work?
Jan 21, 2026
Enjoy the Best of Both Worlds with a Money Market Account
Jan 21, 2026
Chime’s savings account differentiates itself with zero monthly fees, no minimum balance requirement, and digital-first access. It integrates seamlessly with the Chime ecosystem and offers tools like Round Ups and direct deposit-based savings, making it more user-centric than typical traditional banks that impose maintenance fees and balance minimums.
Chime's savings interface includes:
Automated savings through purchase round-ups
Direct deposit triggers for auto-savings
Mobile banking with full savings transfer capabilities
Push notifications and financial tracking within the app. These features make saving effortless and transparent.
Chime lacks traditional services like physical branches or paper check processing. It provides:
Nationwide ATM access via checking account
Savings goals setup
Linked checking for fund access
No mortgage, credit card, or loan products
Chime's High-Yield Savings Account offers:
Standard APY: 1.00% (as of latest update)
Enhanced APY: Up to 3.50% APY with qualifying direct deposit via Chime+ membership
Fees: No monthly maintenance, overdraft, or minimum balance fees
Feature | Value |
Monthly Fee | $0 |
Minimum Balance | $0 |
APY (Standard) | 1.00% |
APY (with Chime+) | Up to 3.50% (varies) |
Customer service is available 24/7 via phone (844-244-6363), app, and help center. Online resources include a comprehensive knowledge base and easy-to-use mobile app. Account setup is fast—just minutes—and user reviews praise the platform’s simplicity and automation features.
Chime’s mobile app is central to the savings experience:
Platforms: iOS and Android
Features: Round Ups, balance tracking, savings goal management, mobile check deposit
Reviews: Highly rated for intuitive navigation and speed
Chime uses:
Bank-grade SSL encryption
FDIC insurance (through partner banks) up to $250,000
Two-factor authentication
Real-time fraud alerts and account freeze capabilities
Chime’s High-Yield Savings Account is a strong digital savings solution with zero fees, intuitive features, and a flexible structure. Its automatic savings tools and seamless app integration cater well to users who prefer digital-first banking and minimal maintenance requirements.
This review was created using information from:
Chime’s official website and blog
Trustpilot and consumer review platforms
Chime’s help center and product disclosures
Comparative research from finance sources
Having explored the features and benefits of this product, you might be curious about how it stacks up against its competitors. We encourage you to visit our comprehensive comparison chart for a broader perspective. This chart offers a detailed juxtaposition of this product with other savings account offerings, highlighting differences in features, pricing, and interest rates. It’s an invaluable resource for contrasting your options and making an informed decision that best suits your needs. Don’t miss out – take a moment now to view our comparison chart and see how your chosen product compares in the wider market.
AI was used in the creation of this content, along with human validation and proofreading.
The BestMoney editorial team is composed of writers and experts covering a full range of financial services. Our mission is to simplify the process of selecting the right provider for every need, leveraging our extensive industry knowledge to deliver clear, reliable advice.