Chase and Citizens Bank offer a range of banking services, and sometimes it's difficult to understand which of them is best for your needs.
In this article, we will compare their savings accounts, checking accounts, CDs (Certificates of Deposit), credit cards, and lending products.
Checking Accounts
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Account Types
Citizens Bank offers checking accounts like One Deposit Checking and Citizens Quest Checking, each catering to different needs:
Citizens Bank Account | Monthly Fee | Average Day Balance To Waive |
|---|---|---|
One Deposit Checking from Citizens | $9.99 | Make one deposit each statement period |
Citizens Quest Checking | $25 | $25,000 |
Citizens Private Client Checking | $0 | $200,000 |
Citizens EverValue Checking | $5 | Can't be waived |
Citizens Student Checking | $0 | under 25 |
Chase Bank offers a variety of checking account types to suit the diverse needs of its customers. One notable option is the Total Checking account, which provides access to a widespread network of ATMs and a range of digital banking tools.
For customers with a premium banking preference, Chase presents the Sapphire Checking account, renowned for its exclusive benefits like enhanced travel rewards.
Account | Monthly Fee | Average Day Balance To Waive |
|---|---|---|
Chase Total Checking | $12 | $1,500 |
Chase Premier Plus Checking | $25 | $15,000 |
Chase Sapphire Checking | $25 | $75,000 |
Chase College Checking | $12 | $1,500 |
Chase Private Client Checking | $30 | $150,000 |
Chase Business Complete Banking | $15 | $2,000 |
Chase Performance Business Checking | $30 | $35,000 |
Chase Platinum Business Checking | $95 | $100,000 |
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Features
Chase offers a comprehensive set of features with its checking accounts, catering to diverse financial needs.
Chase Everyday Accounts offer a host of benefits for customers. There's no minimum deposit required to open an account, providing accessibility for all. With an extensive network of over 15,000 ATMs and 4,700 branches, customers enjoy widespread access.
The convenience of Chase Online Banking, Online Bill Pay, and Chase Mobile Banking enhances digital banking experiences, complemented by the efficiency of Zelle for quick money transfers.
Chase Premium Accounts offer an array of exclusive benefits for a superior banking experience. Customers enjoy no Chase fees at non-Chase ATMs, providing extensive access to cash without additional charges.
The dedicated 24/7 banking service line ensures round-the-clock assistance for premium account holders, along with elevated daily purchase and ATM withdrawal limits.
Chase Bank Account | Main Features |
|---|---|
Chase Total Checking | Overdraft assist, chase credit journey, alerts |
Chase Premier Plus Checking | Interest on balance, free checks , free counter checks |
Chase Sapphire Checking | JPM wealth management, no ATM fees, no wire transfer |
Chase College Checking | No monthly fees, free credit score, new account promotion |
Chase Private Client Checking | Priority service, preferred rates, J.P. Morgan advisor |
Chase Business Complete Banking | Chase QuickAccept, fraud protection, chase business online |
Chase Performance Business Checking | No cost wires, unlimited electronic deposits, Chase business |
Chase Platinum Business Checking | No fee transactions, cash management support, platinum service |
These premium accounts also earn interest, fostering financial growth. The close collaboration with a dedicated Private Client Banker and a dedicated Business Banking Advisor enhances personalized service, while discounted rates on home and auto loans contribute to a comprehensive suite of financial advantages.
Citizens Bank customers can access over 1,000 branches and 3,000 ATMs, and the Citizens Virtual Assistant™ further enhances convenience, allowing customers to speak with a live person for assistance. Overdraft solutions, including Citizens Fee Relief and Citizens Peace of Mind, offer a safety net with no overdraft fee on the first occurrence each year.
Citizens offers exclusive benefits and rewards through its CitizensPlus program, which is growing in tandem with your relationship. These perks include an investment match, enhanced credit card cash back rewards, higher savings rates, and lending discounts. The relationship also yields fewer fees, encompassing checks, wire transfers, other banks' ATMs, stop payments, and more, ensuring a cost-effective banking experience.
Lastly, bundling options extend to a Checking + Money Market combination, providing competitive yields without a monthly maintenance fee.
Citizens Bank Account | Main Features |
|---|---|
One Deposit Checking | Digital wallet, Zelle, overdraft solutions, Citizens paid early |
Citizens Quest Checking | CitizensPlus, no fee for additional services, personalized guidance |
Citizens Private Client Checking | CitizensPlus benefits, Dedicated team of advisors, preferred rates |
Citizens EverValue Checking | No overdraft fees, Reduced fees for Non-Citizens ATM |
Citizens Student Checking | No fees for Non-Citizens ATM, No overdraft fees, Free design checks |
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Savings Accounts
Chase Premier Savings and Citizens Bank savings accounts offer relatively low-interest rates, far below what you can find on other savings accounts. Their minimum deposit is relatively low, and monthly fees can be waived easily. However, Citizens Access, the online division of Citizens Bank, offers competitive yields.
The Chase Premier Savings account provides the convenience of Autosave, facilitating easy online and mobile banking, including the quick deposit of checks using Chase QuickDeposit.
Citizens Bank offers a robust savings experience with over 1,000 branches and 3,000 ATMs. The bank emphasizes convenience with Automatic Transfers, allowing automatic deposits. Monthly fees are easily waived through simple methods. Safety is prioritized through 24/7 fraud monitoring and FDIC insurance. Its online division, Citizens Access, offers much better savings rates.
Citizens Access | Citizens Savings | Chase Premier Savings | |
|---|---|---|---|
Savings Rate | 4.50% | 0.05% – 0.15% | 0.01% |
Minimum Deposit | $0.01 | $0 | $25 |
Fees | $0 | $4.99 per month
Can be waived if you maintain a $200 minimum daily balance, or under age 25 or 65 and older.
| $25 per month
Can be waived if you carry $300 account balance at the start of the month, $25+ autosave or linking a Chase checking account
|
Certificate Of Deposits (CDs)
When it comes to CDs, Chase is our winner due to its varied terms, despite the rates lower than the maximum rate customers can get with Citizens Bank.
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Chase Bank CD Rates
Chase offers two primary CD categories: Standard and Relationship. Individuals without a Chase checking account can opt for the Standard CD. On the other hand, those with an existing Chase checking account can link it to their CD account to unlock slightly higher APYs through Relationship CDs.
CD Term | APY | Early Withdrawal Penalty |
|---|---|---|
3 Months | 4.25% – 4.75% | 90 days of interest |
6 Months | 3.00% | 180 days of interest |
9 Months | 3.50% – 4.00% | 180 days of interest |
12 Months | 2.00% | 180 days of interest |
18 Months | 2.50%
| 180 days of interest |
24 Months | 2.50% | 365 days interest |
30 Months | 2.50% | 365 days interest |
36 Months | 2.50% | 365 days interest |
48 Months | 2.50% | 365 days interest |
60 Months | 2.50% | 365 days interest |
120 Months | 2.50% | 365 days interest |
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Citizens Bank CD Rates
Top Offers From Our Partners
Top Savings Accounts From Our Partners
Quontic High Yield Savings
- 4.50% APY on savings
- Interest is compounded daily
- No Monthly Service Fees
CIT Savings Connect
- Up to 4.85% APY on savings
- No monthly service fees.
- Zelle, Samsung & Apple Pay
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The product offers that appear on this site are from companies from which this website receives compensation.
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Credit Cards
In the realm of credit cards, Chase stands out as a definitive leader. The array of Chase credit cards caters to various lifestyles and preferences, positioning them prominently in the credit card market. A notable strength of Chase credit cards lies in their robust rewards programs, providing options for cash back or travel points.
A standout feature is the flexibility to redeem points for travel via the Chase Ultimate Rewards program. Cardholders can seamlessly book flights, hotels, and rental cars directly through the Chase portal, often at enhanced values. This versatility enhances the overall appeal of Chase credit cards, making them a preferred choice for individuals seeking tailored rewards and valuable benefits.
Card | Rewards | Bonus | Annual Fee |
| Chase Sapphire Preferred® Card | 2X – 5X
5x total points on travel purchased through Chase Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
| 60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
| $95
|
|---|---|---|---|---|
 | Chase Freedom Flex℠ Card | 1-5%
5% cash back on up to $1,500 in combined purchases on selected categories each quarter and 5% cash back on travel purchased through Chase Ultimate Rewards®. Also, you can earn 3% cash back on dining at restaurants (including takeout and eligible delivery services), drugstore purchases , and 1% on all other purchases
| $200
$200 bonus after you spend $500 on purchases in the first 3 months from account opening
| $0 |
| Chase Freedom Unlimited® | 1.5% – 5%
5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
| $200
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
| $0 |
| Chase Sapphire Reserve® | 1X – 10X
5X total points on air travel and 10X total points on hotels, car rentals and dining when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases. | 60,000 points
60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
| $550 |
| Marriott Bonvoy Boundless Card | 1x – 6X
6X points for every $1 spent at over 7,000 hotels participating in Marriott Bonvoy® with the Marriott Bonvoy Boundless® credit card. Plus, earn up to 10X points from Marriott for being a Marriott Bonvoy® member. Plus, earn up to 1X point from Marriott with Silver Elite Status. Earn 3X points for every $1 on the first $6,000 spent in combined purchases each year on grocery stores, gas stations, and dining. Earn 2X points for every $1 you spend on all other purchases.
| 3 Free Nights
3 Free Nights (each night valued up to 50,000 points) after you spend $3,000 on purchases in your first 3 months from your account opening
| $95 |
 | United Explorer Card | 1X – 2X
2x per $1 spent on United purchases, hotel accommodations, restaurants & eligible delivery services and 1x per $1 spent on all other purchases
| 50,000 miles
50,000 miles after you spend $3,000 on purchases in the first 3 months your account is open.
| $95 ($0 first year) |
Card | Rewards | Bonus | Annual Fee |
| Citizens Cash Back Plus World Mastercard
| 1.8%
1.8% cash back on everything you buy | 0% Intro APR: 15 billing cycles on balance transfers | $0 |
|---|---|---|---|---|
| Citizens Clear Value Mastercard | N/A | 0% Intro APR: 18 billing cycles on balance transfers | $0 |
| Citizens Private Client World Elite Mastercard | 2%
2% cash back on everything you buy | 0% Intro APR: 15 billing cycles on balance transfers | $195 |
Mortgage And Loans
Regarding lending products, there is no decisive winner, as both banks offer home loans but excels in other lending products.
Chase stands out as a significant player in the lending arena, mainly focused on mortgages and auto loans. The bank's expansive network and user-friendly online tools provide an accessible and convenient borrowing experience.
Similarly, Citizens Bank provides a comprehensive array of mortgage products and only offer student loans for borrowers which is not available through Chase.
Which Bank Is Our Winner?
Chase is our winner for two reasons: the variety of credit cards it offers and the diverse checking options for almost any type of customer.
However, it is crucial to assess various factors, primarily focusing on those significant for your specific considerations, such as banking services, overdraft assistance, frequent ATM usage, proximity to bank locations, and other elements that vary from person to person.
Comparing Chase and Citizens Bank: Our Methodology
In our detailed banking comparison, The Smart Investor team thoroughly looked in five main areas in both banks and compare them side by side:
Checking Accounts (30%): We checked things like direct deposit, debit card availability, monthly fees, ATM and branch access, check deposit, bill pay options, and account alerts. We also considered any special offers for customers.
Savings Accounts including CDs (20%): We focused on important stuff like how much interest you can earn (APY), the smallest amount you need to open an account, how flexible the accounts are, and if they're insured by FDIC. We also looked at special savings offers, different types of CDs, and any fees for taking money out early.
Credit Cards (15%): We looked at what rewards you get, how much the card costs each year, any bonuses you get for signing up, perks for traveling, how much interest you pay on balances, and if you can transfer balances from other cards.
Lending Options (15%): We checked out the different kinds of loans they offer, like personal loans, student loans, mortgages, and loans where you use your home as collateral.
Customer Experience And Bank Reputation (20%): We looked into how easy it is to use their online and mobile banking, how helpful their customer support is, what people say about them online, any awards they've won, and how stable they are financially. This gave us a good idea of what it's like to be a customer and how much people trust them.
Compare Chase Versus Alternative Banks
Although Chase Bank has a modern, trendy image, it is one of the oldest banks in the United States. JP Morgan Chase's consumer division, Chase Bank, is one of the largest banks in the United States. Even though its interest rates aren't particularly competitive when compared to online banks and credit unions, loyal Chase customers who keep a significant amount of money with the bank can earn slightly better rates.
American Express is best known for its credit card business. The financial services firm, on the other hand, has a banking subsidiary that offers high-yield savings and CD accounts. For those looking to save money with a well-known financial institution, the American Express High Yield Savings Account is a popular option.
Read Full Comparison: American Express vs Chase Bank
Chase and Wells Fargo appear to offer very similar products at first glance, so we need to dig a little deeper. There is little to distinguish the savings accounts, and both banks provide a variety of checking accounts.
While Chase's account maintenance fee is slightly higher, it does have some more interesting features. Chase also has an advantage in terms of CDs, but Wells Fargo is a better option for loans and mortgages.
Read Full Comparison: Chase vs Wells Fargo: Where to Save Your Money?
The Chase and Citi checking accounts both have no minimum deposit and a monthly account maintenance fee of $12. This can also be waived with a balance of $1,500 or more, or with qualifying deposits.
Furthermore, both have a very impressive selection of more than credit card options.
Read Full Comparison: Chase vs Citi: Which Bank Account Wins?
The Discover checking account is more traditional. While the account does not pay interest, you can earn 1% cash back on debit card purchases. There are also no fees if you require a replacement debit card, have a deposit item returned, or have insufficient funds in your account.
Chase offers a wide range of banking products, including savings accounts, checking accounts, home loans, home equity options, auto loans, and a wide range of credit cards. In addition, Chase's customer service system is quite extensive.
Read Full Comparison: Discover vs Chase: Which Bank Account Suits You Best?
Chase has some great features including a massive selection of credit card options. Both banks also offer some great mortgage packages. PNC also has some innovative credit card options, and you can also access personal loans.
Read Full Comparison: Chase vs PNC Bank: Which Bank Account Is Better?
Because both Chase and TD Bank provide a comprehensive range of products, we'll need to summarize the benefits and drawbacks to determine which bank is superior.
Chase offers some novel features, including the possibility of comparable CD rates without the TD Bank's minimum deposit. However, there is little to distinguish the checking accounts, as TD Bank's savings rate is twice that of Chase.
Although Chase has more credit card options, don't discount TD Bank, which has some interesting options.
Read Full Comparison: Chase vs TD Bank: Which Bank Suits You Best?
Chase and Capital One both have banking product lines that compete with traditional high street banks.
Capital One also has a competitive advantage in terms of checking accounts. The Capital One checking account is not only fee-free, but you can also earn interest on your account balance. Chase's checking account does not pay interest, and you must meet certain requirements to have the $12 monthly fee waived.
However, when you open a qualifying account, Chase will give you a welcome bonus, and its checking account has some nice features such as paperless statements for up to seven years and checking account upgrade options.
Read Full Comparison: Chase vs Capital One: Compare Banking Options
Both banks have account maintenance fees that can be waived by meeting one of several requirements. The rates are also quite similar, so which bank is best will come down to what products you’re looking for.
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