Chase $600 Savings Bonus (12.2% Effective APY) - 2026 Review
Bonus Tiers & Effective APY
Overview
Chase's savings combo bonus delivers up to $600 in savings-related bonuses when combined with their checking offer. Park $15,000 for 90 days and earn $200 (savings) + $400 (combo bonus for doing both checking and savings) = $600. At just $15,000 required, the effective APY is an incredible ~16.2% — the highest of any savings bonus.
Who This Savings Bonus Is Best For
Anyone with $15,000 in available savings who hasn't had a Chase savings account recently. The ~16.2% effective APY on the savings portion is unbeatable. This should be one of your first savings bonuses if you qualify.
How to Maximize This Bonus
Open both Chase Total Checking and Chase Savings using the "Open both accounts" link to ensure the coupon tracks. For the savings portion, deposit $15,000 in new (external) money and maintain it for 90 days. Complete the checking direct deposit requirement simultaneously to earn the $400 combo bonus on top of the $200 savings bonus. The $300 checking bonus is separate and earned via direct deposit. Total possible: $900 across both accounts.
Pros
Cons
How This Compares to Other Bonuses
At ~16.2% effective APY, Chase's savings combo destroys every other savings bonus on a return basis. Capital One pays more in total dollars at higher tiers ($1,500 on $100k), but the effective APY is only ~9.0%. The trade-off: your $15k earns almost nothing in base interest at Chase (0.02% APY) vs. meaningful interest at Capital One (3.40%). For a 90-day hold, the bonus more than compensates for the lost interest.
Frequently Asked Questions
Do I need to do the checking bonus too?
For the full $600, yes. The $400 combo bonus requires completing both checking and savings requirements. Without checking, you only get the $200 savings bonus.
Does the $15,000 need to come from outside Chase?
Yes. The funds must be new money from external accounts. Transferring from other Chase accounts doesn't qualify.
How long is the Chase savings cooldown?
24 months from your last coupon enrollment date. You can only receive one savings account opening bonus every two years.
Can I move the money out after 90 days?
Yes. Once the 90-day maintenance period ends and the bonus posts, you can move the $15,000 to a higher-yielding account.
Related Bonus Reviews
Eligibility
New Chase savings customers only. Not available if you closed a Chase savings account in the last 90 days or with a negative balance in the last 3 years. One savings bonus every 2 years. Combo bonus ($400) requires also completing checking direct deposit requirement.
Fees
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Bonus offers, requirements, and fees are determined by each financial institution and may change at any time. Always verify the current terms directly with the bank before applying. This content is for informational purposes only and does not constitute financial advice.