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Top 5 High Interest Checking Accounts Available Nationwide

High-interest checking accounts let you earn money with the same account used for everyday purchases with no minimum balance requirements.
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High interest checking accounts offer several advantages over other types of bank accounts.

One major benefit of a high-interest checking account is that you can earn interest with the same account used for everyday purchases. Another benefit is high interest checking accounts often pay better rates on deposits than money deposited in regular savings accounts at top banks.

For instance, Chase, Bank of America, and Wells Fargo all pay 0.01% APY on their savings accounts. That's even way lower than the 0.10% APY national average savings rate.

Top 5 High Interest Checking Accounts

High interest checking accounts also allow you to earn interest on any amount of money you deposit into the account, even if you only put small amounts of money into the account each month.

Quontic High Interest Checking – 1.10% APY

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Key Features

  • Over 90,000 fee-free ATMs
  • No Monthly or Overdraft Fees
  • Earn 1.10% APY ⎼ that's over 33x higher than the national average
Quontic is an adaptive digital bank that operates primarily online offering traditional and future-focused banking services, such as a wearable debit card ring. To take advantage of the higher interest rate, members need to make at least 10 qualifying point-of-sale transactions of $10 or more per statement cycle.
Quontic High Interest Checking Details

  • Earn 1.10% APY
  • $100 Opening Deposit
  • No monthly maintenance fees
  • Open an account online in just 3 minutes
  • FDIC-Insured

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Axos Rewards Checking – 1.25% APY

Key Features

  • Unlimited domestic ATM fee reimbursements
  • No Monthly or Overdraft Fees
  • Earn up to 1.25% APY
Axos Bank is digital bank that started in 2000 as the Bank of the Internet. Customers have access to full-service banking that includes checking, savings, loans and investment accounts. Get a $100 welcome bonus using promo vode “RC100”
Axos Rewards Checking Details

  • $50 Opening Deposit
  • Earn up to 1.25% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Online debit card management
  • FDIC-Insured

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Current Banking – 4.00% APY

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Key Features

  • 40,000 fee-free Allpoint ATMs in the U.S.
  • Fee-Free Overdraft up to $200* with Overdrive
  • Earn 4.00% APY ⎼ that's over 40x higher than the national average
Current is a financial company, not a bank. Banking services provided by Choice Financial Group, Member FDIC. Customers can earn 4.00% APY up to a $6,000 balance to grow your money faster. Earn up to 15x points & get cash back using your debit card at participating merchants.
Current Banking Details

  • Earn 4.00% APY (Capped at $6,000)
  • $10 Opening Deposit
  • No monthly maintenance fees
  • Get Paid Up to 2 Days Faster with Direct Deposit
  • FDIC-Insured up to $250,000

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Advantage High Interest Checking – 0.90% APY

Key Features

  • Access to over 80,000 ATMs nationwide
  • No overdraft or non-sufficient funds fees
  • Earn Up to 0.90% APY*
Nationwide Nationwide by Axos Bank is an Internet-only bank and is available nationwide. Customers can choose from a variety of financial products like checking accounts, savings accounts, money markets and CDs.
Advantage Checking Details

  • Earn Up to 0.90% APY*
  • $50 Opening Deposit
  • No monthly maintenance fees
  • No overdraft or non-sufficient funds fees
  • FDIC-Insured

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What to look for in a high-interest checking account

Your number one focus in opening a high interest checking account is a competitive rate. But you also have to take into consideration monthly maintenance fees because that would likely cost you more than what you'd earn in monthly interest.

Free ATMs nationwide or ATM fee reimbursement (in case you’re charged by ATM owners for using out-of-network ATMs) is also important to consider with high-interest checking accounts.

Is It Better to Keep Money in Checking or Savings?

The choice to keep money in either a checking or savings account will depend on your personal needs. A savings account is essential, especially to create an emergency fund and stack cash away for future financial goals or needs like a down payment for a house or car, home improvements, or paying for medical or educational expenses.

But there's no reason you shouldn't also have an interest-bearing checking account also, which is how you can really take advantage of what each has to offer.

You really can't go wrong with checking accounts that pay interest. Earning interest on whatever balance in your account can only mean extra money for you.

Finally, high-interest checking accounts typically come with no minimum balance requirements, so you can start earning interest right away.

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