Overview of Annual Percentage Yield (APY)

Annual Percentage Yield (APY) is the total interest you earn on your savings over a year. It’s the money added to your balance, not something you pay. Interest is calculated based on the current APY, which may change. The amount of interest you earn depends on your balance and the current APY.

APY¹ rates by membership tier¹

Chime offers tiered APY rates based on your membership status:

Chime Prime members earn 3.75% APY on savings
Chime Plus members earn 3.00% APY on savings
Chime members earn 0.75% APY on savings

Note: You can view your current APY and balance in the Savings section of the Chime app. This shows the exact rate you’re earning at any time.

How is APY calculated?

APY is variable and may change at any time based on economic conditions and other factors. Your APY reflects the total interest earned on your savings over one year, including compounding. At Chime, interest is compounded daily, so your savings grow a little each day based on the current APY.

Chime determines the APY by reviewing economic factors such as Federal Reserve rates and rates from other financial institutions. This helps us offer a competitive rate to help you grow your savings.

When the Federal Reserve changes its rates, financial institutions, including Chime, may adjust savings rates. This helps inform how variable savings rates may be set.

Why does my friend have a higher APY with Chime?

Your friend may have a higher APY because they qualify for a higher membership tier.

Chime offers different APY rates based on account activity. Members who set up direct deposit and increase their deposit amount may qualify for higher tiers, which may include a higher APY.

To become eligible for a higher APY, increase your direct deposit amount.

To view full eligibility requirements for Chime Prime and Chime Plus, visit our Help Center articles on Chime Prime eligibility and Chime Plus eligibility.

¹The Annual Percentage Yields ("APYs") for the Chime Savings Account are variable and may change at any time. The disclosed APY rates are effective as of 01/29/2026. No minimum balance required. Must have $0.01 in savings to earn interest. The following APY rates apply based upon your status: 3.75% APY for Chime Prime, 3.00% APY for Chime Plus, and 0.75% APY for standard. See Chime Membership Tiers Terms and Conditions for more details.