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Best Checking Account Interest Rates | November 2021

When interest rates are down, borrowing is cheap. But it’s difficult to find accounts that offer high interest rates and low fees. However, you can still find excellent options for interest-earning checking accounts. We’ve pulled together a list of the best checking account interest rates available.

Most checking accounts either don't pay interest or have low APYs between 0% and 0.25%. You can still find higher yield checking accounts exist still, but it’s also important to pay attention to fees. For example, some require that you maintain a minimum balance to avoid a monthly fee on the account. If you won’t be able to maintain that balance, you could lose the accumulated interest to monthly fees.

Some banks offer qualified checking account holders an APY above 2.00%. The options we listed below include some great APYs as well as the pros and cons of each account. We looked beyond the interest rate and APY to factor in all fees and interest-earning criteria.

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