Grace period for penalty-free withdrawals after maturityġ0 days after the CD matures and auto renews Otherwise, you’ll lock in your funds for the same period of time at the current interest rate.ĩ0 days of interest for terms less than 6 monthsġ80 days of interest for terms between 6 and less than 24 monthsġ year of interest for terms greater than 24 months You have a 10-day window once the CD renews to withdraw your funds if you choose. Additionally, note that Chase automatically renews CDs unless you opt out. If you withdraw before the CD matures, you’ll incur a penalty in which your account foregoes some of the previously earned interest. There’s a $1 million maximum contribution, should you be so inclined, but any amount above that must be approved through a scheduled meeting with a Chase banker. When you deposit an amount under $100,000, you’ll earn the lower range and if you deposit a greater amount, the APY increases to the higher range.
For example, a six-month CD earns 4.00% to 5.00%. what you earn without a linked Chase account, offer just 0.01% APY on all CDs no matter the term, which obviously isn’t worth your time. Chase CDs offer relationship rates, meaning you must have a Chase checking account to qualify, and the minimum deposit is $1,000.
