High-yield checking accounts are designed to provide bank customers and credit union members with solid interest rates on the accounts they use for everyday purchases. Typically, to earn those top-line annual percentage yield (APY) numbers, there are some requirements — often a minimum number of debit card purchases per month.
Here is a compiled list of best rewards checking accounts from hundreds of financial institutions tracked by DepositAccounts.
La Capitol Federal Credit Union
Choice Checking 4.25% APY on balances up to $3,000; 2.00% APY on balances over $3,000 and up to $10,000; 0.10% APY on balances over $10,000
15 non-ATM debit card transactions
Consumers Credit Union
Rewards Checking 4.09% APY on balances up to $10,000; 0.20% APY on balances from $10,000.01 to $25,000; 0.10% on balances over $25,000
12 debit card purchases; direct deposits of at least $500; $1,000 or more spent in CCU credit card purchases; e-Documents
Genisys Credit Union
Genius Checking 4.07% APY on balances up to $7,500; 0.05% APY on balances over $7,500
10 debit card purchases of at least $5; eStatements
Elements Financial
High Yield Interest Checking Special 4.00% APY on balances up to $20,000; 0.10% APY on balances over $20,000
15 qualifying transactions
T-Mobile Money 4.00% APY on balances up to and including $3,000; 1.00% APY on balances over $3,000 10 qualifying purchases with card; enrollment in a T-Mobile postpaid wireless plan; T-Mobile ID registered for perks
Evansville Teachers Federal Credit Union
Vertical Checking 3.30% APY on balances up to $20,000
15 debit card purchases; at least one direct deposit and one online or mobile banking log-in; electronic statements
Market USA Federal Credit Union
VIP Checking Platinum Tier 3.01% APY on first $15,000; 0.01% APY on balances over $15,000
12 debit card purchases of $5 or more; direct deposits of at least $500; 3 bill payments of at least $20 each; e-statements
EFCU Financial
Rewards Checking 3.01% APY on first $10,000; blended APY on balances over that amount
12 debit card transactions; one ACH transaction; eStatements
Lake Michigan Credit Union
Max Checking 3.00% APY on balances up to $15,000
10 debit or credit card purchases; at least 1 direct deposit; at least 4 log-ins to online banking; eStatements
0 Comments