By Sundar, Financial Correspondent
April 25, 2025 — Chime, the San Francisco fintech darling, unveiled its Chime 3.75% APY premium membership, Chime+, on March 31, 2025, aiming to supercharge savings and loyalty as it eyes a 2025 IPO. The Chime 3.75% APY savings rate, exclusive to Chime+ members with $200+ monthly direct deposits, dwarfs the 0.41% national average, offering a high-yield edge over rivals like SoFi (3.80% APY) and Ally (3.60% APY), per Yahoo Finance. X users are buzzing, and Reddit’s r/chimefinancial calls it a “saver’s dream.”
The Chime 3.75% APY, available via FDIC-insured savings accounts through Bancorp Bank, requires just $0.01 to earn interest, with no fees or minimums. Chime+ also bundles early paycheck access (up to two days), merchant cashback, and priority support. “The Chime 3.75% APY is a game-changer,” says Omar Ruiz, a Phoenix gig worker, echoing X posts about faster savings. Chime’s redesigned app, launched alongside Chime+, adds FICO score tracking and credit-building tools, boosting scores by 30 points on average, per Chime’s release.
With 22.3 million users and $1.5 billion in annualized revenue (Cornerstone Advisors, 2024), Chime’s Chime 3.75% APY targets budget-conscious Americans. “We’re doubling down on financial progress,” says CEO Chris Britt, per PYMNTS.com. Reddit’s r/chimefinancial praises the no-fee model, but some freelancers gripe about the direct deposit hurdle. X speculation hints at gig-friendly tweaks, though Chime remains mum.
Chime’s revenue, driven by Visa interchange fees, raises questions about long-term viability, with a $25 billion valuation (PitchBook, 2021). “High APYs are bold but risky,” says fintech analyst Mark Chen. Still, the Chime 3.75% APY and Chime+ perks like MyPay ($500 pre-payday advances) position Chime as a disruptor. “It’s saving me hundreds,” says Atlanta’s Lila Chen, who switched from Cash App’s 1.50% APY.
Want to grow your savings? Check our Chime Savings Account Guide! (Links to Pillar:
FAQ: Chime 3.75% APY Chime+ Launch
- What’s Chime+? Premium tier with 3.75% APY, cashback, early pay.
- How to get 3.75% APY? Join Chime+, set $200+ direct deposits.
- Any fees? None—Chime+ is free with qualifying deposits.