If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment.
Before you sign up, review the requirements carefully because many of these high yield accounts have specific requirements like using their debit card 10 times a month, or setting up direct deposit, etc.
As of right now, these are some of the best offers online with no monthly fee (updated 10/2/2019).
|Consumers Credit Union||up to 5.09%||Earn up to 5.09% APY on balances up to $10,000. No monthly maintenance fees, for anything. Write unlimited checks
|TAB Kasasa Cash® Checking||up to 4.00%||Earn up to 4.00% APY on balances up to $50,000. 1.50% APY to 4.00% on balances over $50,000. Free checking.
|Bank 34 Kasasa Cash®||up to 2.50%||Earn up to 0.50% to 2.50% APY on balances up to $25,000.
|Simple||up to 2.15%||An online checking account with built-in budgeting and saving tools.|
|SoFi Money||1.80%||Earn interest like a savings account but with all the options and flexibility of a checking account. Take out money whenever you want without account or ATM fees and earn 1.80% APY on your money.|
|AXOS Checking||up to 1.25%||Unlimited out-of-network ATM fees in the U.S. and requires no minimum balance.
|Discover Cashback Debit||1% cashback||1% cashback on up to $3,000 in debit card purchases each month. $0 minimum and fee. No fee checking. No fee online bill pay.|
Please review the information associated with each offer before you sign up. Rates and conditions change constantly, and I have reported what I believe to be the most accurate information at the time the article was updated.
Pinyo Bhulipongsanon is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, financial literacy author, and Realtor®.