VaultRubric's sourced facts on Chime (as of 2026-10-06): standard APY 1.0% (source), ranked #16 (tied) of 18 accounts with a numeric standard APY in our data; $0.01 minimum to earn APY; $0 monthly fee; deposits Not a bank; pass-through FDIC via The Bancorp Bank, N.A. and Stride Bank, N.A. (plus program banks for savings) up to $250,000; overall score 72.8% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
Data as of · Last updated · By VaultRubric Research · How we score · Not investment advice.
VaultRubric's sourced facts on Chime (as of 2026-10-06): standard APY 1.0% (source), ranked #16 (tied) of 18 accounts with a numeric standard APY in our data; $0.01 minimum to earn APY; $0 monthly fee; deposits Not a bank; pass-through FDIC via The Bancorp Bank, N.A. and Stride Bank, N.A. (plus program banks for savings) up to $250,000; overall score 72.8% with 100% data coverage. This is a facts summary, not a recommendation to open an account.
This page answers “Is Chime a good savings account?” using only data/finance_seed.json and VaultRubric's scored comparison (equal weights), as of 2026-10-12. “Good” here means how Chime compares on sourced APY, fees, minimums, FDIC insurance and regulatory record — not personalized advice. Rates change; verify on the bank’s site.
Rate conditions on file: Plus: $200 single/$400 cumulative DD; Prime: $3,000+ DD. We rank only the standard APY; conditional or promo rates are shown for context and not used in scores.
| Fact | Value | As of / source |
|---|---|---|
| Official page | savings account ↗ | verified 2026-10-12 |
| Standard APY | 1.0% | 2026-10-06 · official |
| Min balance for APY | $0.01 | 2026-10-06 |
| Monthly fee | $0 | 2026-10-10 |
| Deposit insurance | Not a bank; pass-through FDIC via The Bancorp Bank, N.A. and Stride Bank, N.A. (plus program banks for savings) (up to $250,000) | 2026-10-10 |
| Regulatory actions (5y) | 2 in the last 5 years on record, most recent 2024-05-07 CFPB: $3.25M penalty + ≥$1.3M redress for delayed refunds on closed accounts | 2026-10-11 |
| VaultRubric score | 72.8% (coverage 100%) | methodology |
Checked 2026-10-11: CFPB, state regulators (DFPI). Added California DFPI 2024; no 2025–2026 actions found. (Nebraska 2024 $5K consent agreement involved Chime Capital, LLC, a lending affiliate — not counted.)
Highest standard APY in our numeric set as of the dates on each row: EverBank at 4.2%. Chime is at 1.0% (#16 tied of 18). Full APY table: highest APY savings account.
Rates are variable. VaultRubric reports sourced facts and scores; it does not recommend opening or closing any account. Confirm APY, fees and terms on Chime’s official page before acting.
Chime: 1.0% standard APY as of 2026-10-06 (#16 tied of 18 in our data), $0.01 minimum and $0 monthly fee in our data, deposits Not a bank; pass-through FDIC via The Bancorp Bank, N.A. and Stride Bank, N.A. (plus program banks for savings) up to $250,000, VaultRubric score 72.8% (100% coverage), 2 regulatory action(s) on record in 5 years. Facts only — not a recommendation.
In our sourced data, Chime’s standard APY is 1.0% as of 2026-10-06 (https://www.chime.com/savings-account/). Conditions on file: Plus: $200 single/$400 cumulative DD; Prime: $3,000+ DD. Rates change; verify on the bank’s site.
Not a bank; pass-through FDIC via The Bancorp Bank, N.A. and Stride Bank, N.A. (plus program banks for savings), up to $250,000 per depositor per ownership category.
Chime scores 72.8% across high-yield savings options we track, with 100% data coverage (APY, minimums, fees, insurance, regulatory record). See /methodology and /compare/best-high-yield-savings-accounts.