By Sundar, Financial Correspondent
April 25, 2025 — Got a savings account that’s barely earning pennies? Chime’s got your back. The San Francisco fintech star just rolled out Chime+, a premium plan launched March 31, 2025, with a killer 3.75% APY savings rate that’s turning heads. With 66% of folks wanting better ways to save, per Cornerstone Advisors, Chime+ is here to make your money work harder. X users are hyped, and Reddit’s r/chimefinancial is calling it a “total savings boost.”
So, what’s the deal with Chime+? If you’ve got $200 or more in monthly direct deposits, you can unlock that 3.75% APY on FDIC-insured savings accounts through Bancorp Bank—just a penny gets you started, no fees or minimums. That’s way above the 0.41% national average and even edges out SoFi (3.80% APY) and Ally (3.60% APY), per Yahoo Finance. Plus, Chime+ throws in early paycheck access (up to two days sooner), cashback at stores, and VIP customer support. Reddit users on r/chimefinancial say it’s “super easy to save more,” and X posts agree it’s a savings win. Wanna dig deeper? Check our Chime Savings Guide!
Chime also spruced up its app for Chime+, adding tools to track your credit score and build credit, which users on chime.com say can give your score a lift. With 22.3 million users and $1.5 billion in yearly revenue (Cornerstone Advisors, 2024), Chime’s betting big on budget-savvy folks like you. PYMNTS.com reports Chime’s all about helping users save smarter, especially with a 2025 IPO on the horizon. But some r/chimefinancial freelancers aren’t thrilled about needing direct deposits to qualify—fair point, right?
There’s a catch to watch. Chime’s cash flow leans on Visa fees, which has analysts wondering if they can keep up this high APY, especially with a $25 billion valuation in play (PitchBook, 2021). Still, Chime+’s perks, like MyPay (up to $500 before payday), are making waves. X users are raving about switching from lower rates like Cash App’s 1.50% APY, saying Chime’s saving them big.
Ready to grow your savings? Dive into our Chime Savings Account Guide!
FAQ: Chime+ and 3.75% APY Basics
- What’s Chime+? A premium plan with 3.75% APY, cashback, and early paycheck access.
- How do I get 3.75% APY? Sign up for Chime+, set up $200+ monthly direct deposits.
- Any fees? Nope—Chime+ is free with qualifying deposits.
Head to chime.com for the full Chime+ rundown.