Summary: Chime lowers savings APY from 3.50% to 3.00%

Why It Matters: Chime is reducing the interest rate it pays to customers on savings accounts. This makes their savings product less competitive compared to other high-yield options in the market.

What Changed:

• The Annual Percentage Yield (APY) for savings accounts decreased from 3.50% to 3.00%.
• The MyPay instant transfer fee changed from a flat $2 to a 3% fee (minimum $2, maximum $5).
• A new "For Employers" link was added to the company footer section.
• The website now includes a detailed cookie consent manager and privacy preference center.
• The copyright year was updated from 2025 to 2026.
• The "holiday spirit" promotional banner was removed from the top of the page.