The 6 best high-interest checking accounts of June 2021


When you think of bank accounts that generate interest, you might think of savings.After all, this is your reward Establish an emergency fund Or save money for future expenses, right? Deposited into your savings account regularly at the end of the month, provided by your bank.

Good news: you can also earn interest by choosing Check account.

online banking It costs less to manage than physical stores and is becoming more and more popular. In order to compete for your business, many companies now offer interest-bearing checking accounts.

To be honest-at today’s interest rate, you won’t be spending big money.But if you can earn something relatively there is nothing In order to deposit your money in a checking account, we think it is worth exploring.


How do we choose the 6 best checking accounts that pay interest

The way we make this list is simple: according to the FDIC, the average interest rate The checking account is currently 0.03%Therefore, we look for accounts in this range or higher. (Note: APR fluctuates over time, so the current lower interest rate may rise in the future.)

In addition to interest rates, we also studied what the account can bring.We give priority to those with no maintenance fees or needs

Minimum balance, and provide ATM expense reimbursement.

6 best high-interest checking accounts

Here are the six best high-interest checking accounts where you can use your money and make a little money at the same time.


We found that one of the highest interest rates for online checking accounts comes from SoFi money. This checking account earns you 0.25% APY, or Annual rate of return, Which is the percentage of interest (including compound interest) you earn in one year.

SoFi money Some steps need to be taken to easily transition to online banking:

  • ATM: With automatic ATM reimbursement, you can use any ATM almost anywhere for free.
  • Overdraft protection: This feature is new. If a SoFi Money member meets certain criteria and accidentally spends more than the amount in his account, he will receive a guarantee of up to $50 for free.
  • website: SoFi’s website and mobile app have detailed FAQs, and they make it easy for you to find any information you need.

Read our full article Sofi Money review.

2. NBKC Personal Check

This NBKC Personal Checking Account A 0.15% interest is provided on all balances, and there is no minimum balance requirement. It also has a $0 overdraft and underfunding fee, so if you tend to overuse your funds, you won’t be affected.

Do you use an ATM? NBKC Personal Checking also provides a monthly discount of up to $12 to refund those annoying ATM fees.

3. Memory Bank

You may not have heard of memory banks. Or maybe you did, you just forgot. (Understand?) Anyhoo, Memory Bank EarnMore checking account It is another option for high interest checking accounts with 0.02% APY.

For those of us who like the benefits of online banking but want to know that we can get personalized services when needed, Memory Bank is a good choice. They provide real-time support via phone, email or online chat. This is a great benefit when you only need to ask a short question, but don’t want to be stuck on the automated phone system for an hour.

4. Capital One 360

True beauty Capital One 360​​ Checking Account Is the simplicity of its online banking settings. Both the website and the application are very intuitive. In addition, you don’t need to deal with any minimum balance or fees.

Capital One 360​​’s current basic annual interest rate is 0.1%, which is three times the national average.

5. Charles Schwab

Well, when you think of Charles Schwab, you probably don’t think of checking accounts. That might change.its High-yield investor inspection It is a free account that can earn 0.03% APY from your balance.

It also provides unlimited ATM fee rebates worldwide. If you travel a lot, that’s really cool.

This account has no minimum balance, no minimum deposit to open an account, and no maintenance fees.

There is a problem: you need to associate the Schwab One brokerage account with your check to avoid incurring maintenance fees. It may not be suitable for everyone, but if you already invest, why not use it?

6. Ally Interest Checking Account

As the name suggests, you will pass Ally Interest Checking Account. For balances less than $15,000, you will get a 0.1% return, which is not terrific.

However, if you have $15,000 or more on hand, you can earn 0.25%. Although 0.25% may not seem like much, it is about eight times the national average for checking accounts that pay interest.

Ally’s Interest Checking did leave a mark on other benefits. The account has:

  • No maintenance fees.
  • There is no minimum balance requirement.
  • There is no minimum account opening deposit.
  • Easy online access.

Another benefit is that Ally will reimburse you for up to $10 in ATM fees charged by other banks in each statement cycle.

Expert tips

View our current list Bank promotion There is a chance to get a bonus when registering a new bank account.

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How to choose a high-interest checking account

If you are considering moving to a high-interest checking account, please consider the following points.

  • Look for accounts that will not offset these interest income by charging you a fee. However, if you hold a high balance, it may be worth paying a small fee to get a better interest rate. Do the math.
  • Pay attention to the minimum balance requirement. We focus on accounts that do not require a minimum balance, but if you know that you always have at least $1,000 in your account, you may need to shop around. There may be many out there.
  • See requirements. Maybe you don’t use a debit card often, or you don’t want to deposit directly. Choose an account that suits your preferred way of using the account.
  • If you use ATMs, please remember them. It’s 2021, and you shouldn’t pay these fees. Too many banks are willing to cover you.
  • application. If you do a lot of banking on your phone, make sure that the bank you choose has a reliable banking application. Once you find a checking account, which has checked all the correct boxes for you and how you would like to use your account, please sign up and start making money with your money.

Contributor Kathleen Garvin (@itskgarvin) is a personal finance writer living in St. Petersburg, Florida, and a former editor and marketer of The Penny Hoarder. She owns a content writing company, and her work has appeared on US News,, and Well Kept Wallet.


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