Best High Interest Checking Accounts | May 2021

High yield checking accounts provide interest rates that are up to 100x better than the average savings account rate. The catch is you have to meet certain requirements, such as making a minimum amount of transactions every month. However, these requirements are a small price to pay for such a generous annual percentage yield (APY).

Keeping enough money to cover your bills in a checking account and then transferring any surplus to a savings account or a money market account is the traditional model for maximizing the interest you can earn from your bank account. However, there is a better way for those willing to jump through a few hoops to earn a higher interest rate.

We reviewed the best nationally available high-yield checking accounts, and some them offer APYs as high as 4.25%.