Are you looking for a checking account that provides added interest benefits? If so, then an interest-bearing checking account is right for you. With access to superior rates, bonuses, and promotional offers, this checking account can provide financial rewards usually associated with savings accounts.

To ensure you have the best possible experience when opening up one of these accounts, we've compiled a list of the top five best interest-bearing checking accounts currently on the market. We will examine what each bank offers regarding rewards, fees, convenience, and customer service.

If earning more from your money is important, look here as we walk through different options for finding the perfect fit for your financial needs.

Best interest-bearing checking accounts

Best interest-bearing checking accounts are a great way to make your money work for you. With these types of accounts, you can earn a higher rate of return than traditional brick-and-mortar banks offer on their basic checking products. Not only do they offer more competitive rates, but many online banks also provide convenience and flexibility that isn’t available with a traditional bank.

Whether you are looking to save for retirement or just want the best return on your money, an interest-bearing checking account can assist you to earn more than the paltry returns of traditional checking accounts. Interest-bearing checking accounts typically require a minimum balance; however, this varies from one institution to another.

Generally, the minimum balance, the higher rate of return you can expect. Most accounts also charge a monthly fee; however, these fees are usually waived if you keep your balance above a certain amount.

One key benefit of interest-bearing checking accounts is that they allow you to access your money anytime and anywhere with online and mobile banking. This makes making deposits, transferring funds, and paying bills easy. These accounts offer the security of FDIC insurance up to $250,000 per account holder. Many banks also provide additional benefits like free ATM withdrawals or reimbursements on foreign transaction fees.

A best interest-bearing checking account is an excellent way to make the most of your money. With competitive rates, convenience, and security, you can certainly benefit from this type of account. The key is to compare different banks and find one that fits your financial needs. Once you’ve found the best checking account, earn more interest with your money today.

Best interest-bearing checking accounts

An interest-bearing checking account is a great way to make your money work for you. This type of account allows you to earn a higher rate of return than traditional brick-and-mortar banks offer on their basic checking products. Not only do they offer more competitive rates, but many online banks also provide convenience and flexibility that isn’t available with a traditional bank.

When you look for the best interest-bearing checking account, it's important to consider several factors. Many accounts require a minimum balance; however, this varies between institutions. Generally, the higher the minimum balance, the higher rate of return you can expect. Most accounts also charge a monthly fee; however, these fees are usually waived if you keep your balance above a certain amount.

Another important factor to take into consideration is the convenience and flexibility that the account provides. Look for an account that offers online and mobile banking so that you can access your money anytime and anywhere. It's also important to ensure the account is FDIC insured, up to $250,000 per account holder. Finally, some banks provide additional benefits like free ATM withdrawals or reimbursements on foreign transaction fees.

When looking for the best interest-bearing checking account, it's important to compare different banks and find one that fits your financial needs. With competitive rates, convenience, and security, you can certainly benefit from this type of account. Start earning more interest with your money today with the best interest-bearing checking account.

The best interest-bearing checking accounts offer competitive rates, convenience, and flexibility with online and mobile banking, FDIC insurance up to $250,000 per account holder, and additional benefits like free ATM withdrawals or reimbursements on foreign transaction fees.

When selecting the right account for you, it’s important to compare different banks and find one that fits your financial needs. With the best interest-bearing checking account, you can make your money work for you and start earning more interest with your money today.

You can make the most of your money with an interest-bearing checking account. So take advantage of these accounts today to get a higher rate of return and all the features and benefits that come with it. Get started now to find the best account for your financial needs.

Best-rated interest-bearing checking accounts

Regarding finding the best interest-bearing checking account, various options are available. To help you find the right one for your needs, we’ve rounded up some top-rated accounts from banks and online lenders.

1. Ally Bank: Ally Bank offers competitive rates and no monthly fees on its Interest Checking Account, making it one of the best interest-bearing checking accounts. The account also offers up to $10 in ATM fee reimbursements per statement cycle and free online banking.

2. Capital One 360: With Capital One 360’s Interest Checking Account, you can earn a competitive rate on your balance and get free online and mobile banking. The account also offers up to $15 in ATM fee reimbursements per statement cycle and no minimum balance requirement.

3. Discover Bank: Discover Bank’s Cashback Debit Account offers 1% cash back on all debit card purchases, with no monthly fees or minimum balance requirements. Plus, you can get free online banking and up to $10 in ATM fee reimbursements per statement cycle.

4. Synchrony Bank: With Synchrony Bank’s High Yield Savings Account, you can earn a competitive rate on all balances plus free online and mobile banking. The account also offers no monthly fees or minimum balance requirements and up to $10 in ATM fee reimbursements per statement cycle.

5. Wells Fargo: Wells Fargo offers various checking accounts with competitive rates and features like free online banking, mobile banking, and bill pay. The bank’s Premier Checking Account offers up to $15 in ATM fee reimbursements per statement cycle and no minimum balance requirement.

When looking for the best interest-bearing checking account, it’s important to compare different banks and find one that fits your financial needs. With competitive rates, convenience, and security, you can certainly benefit from this type of account. Start earning more interest with your money today with the best interest-bearing checking account.

FAQs

Which bank gives 7% interest on savings accounts?

Unfortunately, no banks currently offer a 7% interest rate on savings accounts. The highest rates currently available are around 2%. However, you may find higher returns with other types of investments.

Do interest-bearing checking accounts come with FDIC insurance?

Yes, most interest-bearing checking accounts come with FDIC insurance up to $250,000 per account holder. Your funds are protected from bank failure or other financial crises.

How do I find the best interest-bearing checking account?

When looking for the best interest-bearing checking account, it’s important to compare different banks and find one that fits your financial needs. Look for accounts with competitive rates, no monthly fees or minimum balance requirements, and convenient features like online banking and ATM fee reimbursements. Read the fine print to know exactly what you’re signing up for.

Conclusion

Finding the best interest-bearing checking account can help you make the most of your money and save for a rainy day. Whether from a brick-and-mortar bank or an online-only institution, look for an account that works with your habit and offers attractive APYs. Make sure to compare all the fees associated with different accounts, too, so that you get the account that will benefit you the most in terms of savings.