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Find the best high-yield reward Checking Account rates available nationwide here. We track rates from over 1,000 banks and credit unions to come up with the list below.
Low risk ways to earn interest with your funds include Checking, Savings/Money Market and CD accounts. While it’s generally not the best idea to put all your investment funds into these accounts, they are a good way to diversify your overall investments.
Reward Checking Vs. Savings Vs. CDs
- Reward Checking Accounts: These accounts generally can have rates matching or beating those of the best Savings or CD accounts. But, the accounts earning the highest rates typically have maximum balance restrictions for said rates. Lately, the maximum has been in the $10k – $30k range. The advantage is the use of Checking account features like checking writing, ATM withdrawals, debit card use and bill pay.
- Savings/Money Market Accounts: These accounts generally earn lower rates than CD accounts. They have the advantage of allowing you access to your funds without penalty. You can make 6 withdrawals per month per federal regulations. For most accounts, you can withdraw the entire balance and close your account at any time without penalty. So, this serves as a good option for emergency funds.
- CD Accounts: These will usually earn higher rates than Savings accounts for terms 1 year and greater. The disadvantage is that you won’t have access to your funds for the length of the CD term without an early withdrawal penalty. No-Penalty CDs are the exception, but those are mostly limited to shorter terms.
Our Top Banking Guides:
FEATURED CHECKING PROMOTIONS
While the following checking accounts don’t earn a high yield, there are welcome bonuses available.
See the high yield checking offers further down below.
Chase Total Checking® Account $200 Bonus Offer [Nationwide] – Ends 4/19/2023
Here, you can find Chase Total Checking® coupon bonuses and new deals. Offers of $150, $200, and $300 have usually...
Read moreU.S. Bank Smartly™ Checking up to $600 Bonus – Ends 4/11/23
U.S. Bank (usbank.com) has a few checking account options, including a standard account and one for customers who only use debit cards...
Read moreBank of America Checking Account $100 Bonus Offer – Ends 6/30/23
Find the latest promotions and bonus money offers for Bank of America Advantage Banking here. Currently, you can earn a...
Read moreBMO Harris Bank Checking Account Bonus: $200 To $350 Offers – Ends 5/12/23
Earn either a $200 bonus or a $350 bonus for a new checking account from BMO Harris. Direct deposit will...
Read moreTD Bank $300 Bonus for Beyond Checking Account
Earn a $300 bonus when you sign up for a new TD Bank Beyond Checking account. Direct deposit will be...
Read moreAxos Bank Rewards Checking Account $100 Bonus Offer [Nationwide] – Ends 3/31/23
Earn a $100 bonus for a new Rewards Checking account with this offer from Axos Bank. The account is available...
Read moreTHE BEST HIGH-YIELD REWARD CHECKING ACCOUNT RATES
Included are only those accounts that are available nationwide. Many of the best rates are currently available through credit unions. We only include ones where membership is available nationwide.
APY = Annual Percentage Rate
Elements Financial High Interest Checking Rate Offer: Up To 5.00% APY (Nationwide)
Elements Financial offers competitive rates for their High Yield Interest Checking account. See current rates below. Elements Financial is headquartered in...
Read morePresidential Bank (MD) Advantage Checking Rate Offer: Up To 4.625% APY (Nationwide)
Presidential Bank (MD) offers competitive rates for their reward checking account. See current rates below. Update 2/27/23: APY rate increased from up...
Read moreRedneck Bank Rewards Checking Earns 4.50% APY (Nationwide)
Redneck Bank offers competitive rates for their Rewards Checking account. See current rates below. Update 2/15/23: APY rate increased from...
Read moreMarket USA FCU High Rate VIP Checking Platinum Tier Rate Offer: 4.00% APY (Nationwide)
Market USA FCU offers one of the most competitive high-yield checking rates. See current rates below. Update 2/15/23: APY rates updated Market...
Read moreParsons Federal Credit Union Kasasa Cash Offer: 3.00% APY (Nationwide)
Parsons FCU offers a competitive rate on its high-yield checking account. See current rates below. Update 2/15/23: Update rate offer...
Read moreAll America Bank Ultimate Rewards Checking Offer: 4.50% APY (Nationwide)
All America Bank 's Ultimate Rewards personal checking account offers one of the best high-yield checking rates. See current rates...
Read moreConsumers Credit Union (IL) Free Rewards Checking Offer: 5.00% APY (Nationwide)
Consumers Credit Union (IL) offers competitive rates for their Rewards Checking account. See current rates below. Consumers CU was established in...
Read moreOklahoma Central Credit Union Rewards Checking Offer: 3.00% APY (Nationwide)
Oklahoma Central Credit Union offers a competitive rate on its high-yield checking account. See current rates below. Oklahoma Central Credit Union was...
Read moreSecurityplus Federal Credit Union Xceptional Checking Offer: 3.00% APY (Nationwide)
Securityplus Federal Credit Union offers a competitive rate on its high-yield checking account. See current rates below. Securityplus Federal Credit Union...
Read moreT-Mobile Money Checking Account Offer: Up To 4.00% APY (Nationwide)
T-Mobile Money offers it's T-Mobile and Metro mobile customers one of the best rates on its high-yield checking account. See...
Read moreLake Michigan CU Max Checking Rate Offer: 3.00% APY (Nationwide)
Lake Michigan Credit Union offers a competitive rate on its high-yield checking account. See current rates below. Lake Michigan Credit Union is...
Read moreLiberty Federal Credit Union Vertical Checking Offer: 3.45% APY (Nationwide)
Liberty FCU offers one of the most competitive high-yield checking rates. See current rates below. Liberty Federal Credit Union was...
Read moreDepartment Of Commerce FCU Performance Checking Offer: 3.50% APY (Nationwide)
Department of Commerce FCU offers one of the best high-yield checking rates. See current rates below. DOCFCU is headquartered in...
Read moreSignature FCU High Yield Checking Offer: 3.50% APY (Nationwide)
Signature Federal Credit Union offers very good rates for their High Yield Checking account. Signature FCU is headquartered in Alexandria,...
Read morePelican State Credit Union Kasasa Cash Rewards Checking Offer: 5.11% APY (Nationwide)
Pelican State Credit Union offers market-leading rates for their Kasasa Cash rewards checking account. See current rates below. Pelican State...
Read moreRead more: Find more bank bonuses here, including offers from Bank of America, Chase, TD Bank, HSBC and more.