When it comes to managing your finances, choosing the right checking account can make a big difference. While most traditional checking accounts offer little or no interest, high-interest checking accounts offer a more attractive option for earning interest on your deposits while still enjoying the convenience of a checking account. In this article, we’ll explore some of the best high-interest checking accounts currently available.
- Ally Bank Interest Checking: With no monthly maintenance fees and a current annual percentage yield (APY) of 0.50% on balances up to $15,000, Ally Bank’s Interest Checking account is a popular choice. Plus, customers have access to a vast network of ATMs and can earn cashback on debit card purchases.
- Discover Cashback Debit: Discover’s Cashback Debit account offers no monthly fees, access to over 60,000 ATMs, and a 1% cashback on up to $3,000 in purchases per month. While the account does not earn interest, the cashback rewards can add up quickly.
- Capital One 360 Checking: Capital One’s 360 Checking account offers a current APY of 0.10% on all balances, with no monthly fees and no minimum balance requirements. Customers also have access to over 39,000 fee-free ATMs and can earn cashback on debit card purchases.
- Axos Bank Rewards Checking: Axos Bank’s Rewards Checking account offers a tiered APY of up to 1.25% on balances up to $150,000, with no monthly fees and unlimited ATM fee reimbursements. Customers can also earn up to 1.25% cashback on debit card purchases.
- NBKC Personal Checking: With no monthly fees, no minimum balance requirements, and access to over 34,000 fee-free ATMs, NBKC’s Personal Checking account is an excellent choice for those looking for a straightforward and low-cost checking account. While the account offers a modest APY of 0.15%, customers can earn up to $12 in monthly ATM fee reimbursements.
When choosing a high-interest checking account, it’s essential to consider the fees, APY, and additional benefits, such as ATM access and cashback rewards. While these five accounts are some of the best options available, there are many other high-interest checking accounts to explore. By doing your research and comparing the features and benefits of different accounts, you can find the best high-interest checking account that meets your financial needs and goals.
