Chase Money Market Account

With a Chase money market account, you get higher rates for higher balances along with the convenience of limited checking access. With the Chase Money Market Savings, you can also set up the Chase Automatic Savings Program for free which lets you transfer money automatically from your checking account to your savings account. Your savings account can be linked to your checking account for overdraft protection and your balance can be used to offset the monthly service fee on certain checking accounts. Plus, you get to receive your statements online for free.

The minimum amount to open is $25 and the interest is compounded and credited monthly, based on the daily collected balance. Interest rates are variable and determined daily at Chase’s discretion. Account fees, however may reduce earnings. When your Money Market Savings account is linked to an active Chase Better Banking Checking account with the Chase Better Banking Package, higher relationship rates are available for you to enjoy. For those who do not have an active Chase Better Banking Checking account, non-relationship rates will apply.

Debit Card purchases and cash withdrawals made outside the U.S. in a foreign currency will have a 3% exchange rate adjustment fee. There is a $3 fee for ATM withdrawal outside the U.S. and $2 each for any non-Chase ATM withdrawal, balance inquiry or transfer. Under federal regulations, only up to six pre-authorized withdrawals per monthly statement cycle is allowed, no more than three of which may be by check or similar order payable to a third party. This includes telephone or electronic transfers. There will be a $12 fee per pre-authorized withdrawal or check above limit. There is no limit on deposits or the number of withdrawals you can make at an ATM, by mail, or at a Chase branch. There is also a $12 monthly service fee but is waived if the minimum daily balance is $1500 or more, or if linked to a Chase Better Banking Checking account. Visit Chase Online Banking or a branch near you to find out more.

The Chase money market account features are directed at persons in the U.S. only.