Top 10 High-Interest Checking Accounts for Better Returns and Liquidity

This will go a long way in the saving strategy and earning more interest, like Kabbage Checking bearing high APY and excellent liquidity. High Interest Checking: Earn more on your deposits and still have quick access to cash. In today’s blog post, we will tell you about the top 10 high-interest checking accounts that offer double benefits of returns and liquidity. So, if you want your savings to go further or are looking for the best way to make that money work harder (like knocking a few years off of retirement), then these options could be very useful.

1. Interest Checking with Ally Bank

Ally Bank is known for having some of the best interest rates around and great customer service. Ally Bank Interest Checking Account (0.25% APY) does not have monthly maintenance fees and gives you access to more than 43,000 ATMs across the country, making it a foolproof way for high returns. Ally Bank has exceptionally user-friendly online banking features that have helped it become a favorite among the digital-first crowd.

Key Features:

• APY: Up to 0.25%
• No monthly maintenance fees
• Over 43,000 ATMs
• Robust online banking tools

2. Discover Cashback Debit Account

What makes the Discover Cashback Debit Account distinct is that it merges a rewards debit account with an interest checking account. This account provides 1% cashback on the first $3,000 of your debit card purchases per month. The APY is on the lower side compared to some other accounts, but it has a cashback feature that can more than account for the difference in earnings. Discover also has no monthly fees or minimum balance requirements.

Key Features:

• Get 1% cashback with your first $3,000 in purchases
• No monthly fees
• No minimum balance needed
• Extensive ATM network

3. Axos Bank Rewards Checking

Axos Bank Rewards Checking has a tiered interest rate structure that goes up to 1.25% APY. To earn the top rate, you must meet certain monthly requirements: a direct deposit and several debit card transactions. This account also includes unlimited ATM fee rebates, which is perfect for world travelers.

Key Features:

• APY: Up to 1.25%
• No monthly fees
• Unlimited ATM fee reimbursement
• Dynamic interest rate

4. Charles Schwab High Yield Investor Checking Account

The Charles Schwab High Yield Investor Checking Account is the best bank account for international travel. The program offers a 0.45% APY and worldwide unlimited ATM fee rebates. This account also works well if you have a Charles Schwab brokerage account for the investor.

Key Features:

• APY: 0.45%
• No monthly fees
• Unlimited reimbursement of worldwide ATM fees
• Link to a Schwab brokerage account

5. Capital One 360 Checking

While the APY is a bit low, Capital One 360 Checking offers excellent features. This account has no monthly fees and access to over 70,000 ATMs nationwide. Indeed, Capital One received a high score for mobile app/online banking features due to its highly-rated options.

Key Features:

• APY: 0.10%
• No monthly fees
• Over 70,000 ATMs

6. Simple Bank Checking Account

Simple Bank, a division of BBVA USA, offers a unique high-interest checking account with budgeting and goal-setting abilities, enabling consumers to manage their money better. Simple does not have any monthly fees or minimum balance requirements.

Key Features:

• APY: Up to 0.60%
• No monthly fees
• Budgeting features and goal-setting tools
• No minimum balance

7. Alliant Credit Union High-Rate Checking

When it comes to day-to-day banking, online banks like Alliant Credit Union High-Rate Checking Account are hard to beat. With a 0.25% APY, no monthly fees, and easy membership, Alliant offers a large ATM network for free and up to $20 per month in out-of-network ATM fee reimbursements.

Key Features:

• APY: 0.25%
• No monthly fees
• Membership required
• ATM fee reimbursements up to $20/month

8. NBKC Everything Account

The NBKC Everything Account earns a 0.25% APY and carries no monthly fees or minimum balance requirements. This online checking account provides access to over 30,000 free ATMs and reimburses out-of-network ATM fees. NBKC also offers solid online and mobile banking options.

Key Features:

• APY: 0.25%
• No monthly fees
• No minimum balance needed
• Access to 38,000+ ATMs nationwide
• Fee reimbursement

9. TIAA Bank Yield Pledge Checking

TIAA Bank Yield Pledge Checking offers a one-year introductory APY of 0.10%, aiming to attract long-term customers. After the first year, it changes to a competitive rate. TIAA Bank also offers unlimited ATM fee reimbursement and no monthly fees, making it a great choice for those seeking both yield and flexibility.

Key Features:

• Interest Rate: 0.10% (higher for the first year)
• No monthly fees
• Unlimited ATM fee reimbursements
• High initial yield guarantee

10. Lake Michigan Credit Union Max Checking

With Lake Michigan Credit Union’s Max Checking, you can earn 3.00% APY on balances up to $15,000 when meeting monthly requirements like ten debit card transactions, logging into online banking, and receiving eStatements. This competitive APY is available to members.

Key Features:

• APY: 3.00% (for balances up to $15,000)
• No monthly fees
• Membership required
• Disbursement options and monthly spending requirements

Conclusion

Considering the Correct High-Interest Checking Account

The best high-interest checking account will balance interest rates and accessibility/convenience. Each of the above accounts offers something different, whether it’s a high APY, cashback rewards, or an expansive ATM network. When choosing the right account for you, consider your cash use and whether or not you need ATM access. This way, you can get the most out of your money and still have it as liquid as a really good checking account.