Best High Yield Interest Rewards Checking Accounts

Find the highest yield interest rewards checking rates available.

What is a High Yield Interest Rewards Checking Account?

High yield rewards checking accounts are becoming increasingly popular with smaller banks and credit unions. These checking accounts offer significantly higher yields if you fulfill certain monthly requirements. These requirements typically include:

Around 10 debit card transactions (non ATM). There are typically no dollar requirements per debit card purchase.
Direct deposit or auto debit. Any ACH transfer often satisfies this requirement.
Electronic statements - They won't mail you a paper statement.

What's the catch?

If you fail to meet these requirements, you won't earn the high yield for that month; instead, you'll default to the base interest rate which is typically under %1. As a result, these high interest checking accounts do require a bit of micromanagement to make sure that you get the yield every month.The other catch for these rewards checking accounts is that there usually is a top limit to the amount you can deposit. Most banks set this limit at $25,000 - any additional deposits over $25,000 will earn a much lower yield.

One other bonus that these rewards accounts offer is refunds of ATM fees charged when you use another bank's ATM. You can usually get up to $25 per month refunded back into your account at the end of each statement cycle.

Given the requirements of these accounts, it is important to make sure you are on top of things. Missing out on a month of interest prove to be quite costly. The high yield interest checking account isn't for everyone, but if utilized correctly it can be a great way to maintain liquidity while earning a top rate of return on your money.

Current Top Interest Checking Accounts

Bank	Rate	Maximum
First State Bank	5.01%	$10,000
Countybank	4.75%	$25,000
Bank of the Sierra	4.51%	$25,000
First National Community Bank	4.51%	$25,000
First Arkansas Bank & Trust	4.44%	$50,000
Royal Banks of Missouri	4.30%	$25,000
Liberty Bank	4.25%	$25,000
Connexus Credit Union	4.15%	$25,000
Consumers Credit Union	4.09%	$25,000
Pacific Resource Credit Union	4.07%	$25,000
Coulee Bank	4.04%	$25,000
Heartland Community Bank	4.02%	$30,000
Danvers Bank	4.01%	$25,000
Capital Bank	4.01%	$25,000
Ouachita Independent Bank	4.01%	$25,000
Charter Bank	4.01%	$25,000
Charter Bank	4.01%	$50,000
Liberty Savings Bank	4.01%	$25,000
People's Bank of Kankakee Count	4.01%	$50,000
Patriot Bank	4.01%	$50,000
Lake Michigan Credit Union	4.00%	$15,000
Southern Community Bank & Trust	4.00%	$25,000
ViewPoint Bank	4.00%	$50,000
Atlantic Coast Bank	4.00%	$25,000
Evantage Bank	4.00%	$10,000
Bank of the Wichitas	4.00%	$10,000
AmericaNet Bank	4.00%	$10,000
Jeff Davis Bank	3.82%	$25,000
First New England Federal Credit Union	3.65%	$15,000
CornerStone Bank	3.60%	$50,000
Addison Avenue	3.51%	$25,000
First City Bank	3.51%	$50,000
Bank of Fayetteville	3.50%	$50,000
Libertad Bank	3.50%	$25,000
City National Bank	3.28%	No Cap
State Bank of Toledo	3.01%	$70,000
Provident Credit Union	3.01%	$25,000
CornerStone Bank	3.01%	$25,000
Community Bank of Pleasant Hill	3.01%	$25,000
CBDirect Bank	3.00%	No Cap
Champion Bank	2.25%	$25,000
Heritage Bank	2.24%	No Cap
West Texas National Bank	2.01%	$25,000

Sovereign Bank $150 Bank Bonus – Savings or Money Market

Posted under [ Bank Deals, Checking ] on March 9, 2010

4 Comments

Get a $150 bank bonus for opening a checking + savings or money market account with Sovereign Bank.

This offer is available to residents in the following states: ME, VT, NH, CT, RI, MA, NY, NJ, PA, MD, DE, and District of Columbia
In order to qualify for the $150 bank bonus, you must:

Open a Sovereign Interest [...]

Best High Yield Interest Rewards Checking Accounts

What is a High Yield Interest Rewards Checking Account?

What's the catch?

Current Top Interest Checking Accounts

Top Bank Deals

Related Links

Blogs I Read

Recent Interest Rates & Bank Deals

About ThePiggyBanker.com