# Best High-Yield Checking Accounts in 2021

Traditionally, checking accounts have not been known for earning high interest rates. However, a few banks and credit unions are now offering high-yield checking accounts that allow you to grow your bank account balance faster. We have researched and compiled a list of the best high-yield checking accounts available today, comparing their interest rates, terms, account features, and fees.

## Top High-Yield Checking Accounts

### 1. SoFi Checking and Savings
– **Account APY:** Up to 3.80%
– **Minimum Balance:** $0
– **Monthly Fee:** $0
– **Our Rating:** 4.4/5

**Expert Take:** SoFi Checking and Savings offer APYs up to 3.80% on savings and 0.50% on checking along with FDIC insurance on up to $2 million. This account features no account fees, no minimum balances, and up to $50 in overdraft coverage for no charge.

### 2. Axos Bank Rewards Checking
– **Account APY:** Up to 3.30%
– **Minimum Balance:** $0
– **Monthly Fee:** $0
– **Our Rating:** 4.3/5

**Expert Take:** With Axos Bank Rewards Checking, you can earn up to 3.30% APY with no monthly fees and unlimited ATM reimbursement. The account offers various ways to build your APY, including direct deposits, debit card usage, and maintaining certain balances.

### 3. Consumers Credit Union Rewards Checking
– **Account APY:** Up to 5.00%
– **Minimum Balance:** $0
– **Monthly Fee:** $0

**Expert Take:** The Consumers Credit Union Free High Interest checking account offers APYs up to 5.00% based on your transactions. It includes early direct deposit access, free Zelle transfers, and unlimited check writing.

### 4. Aspiration Spend & Save
– **Account APY:** Up to 3.00% on the first $10,000
– **Minimum Balance:** $10
– **Monthly Fee:** $0 (standard account), $7.99 for Aspiration Plus
– **Our Rating:** 4.3/5

**Expert Take:** Aspiration Spend & Save combines two accounts, Aspiration Debit offering cashback on purchases and Aspiration Save offering up to 3.00% APY. Additional perks include early direct deposit access, fee-free ATMs, and FDIC insurance up to $1.25 million.

### 5. Quontic High Interest Checking
– **Account APY:** 1.10%
– **Minimum Balance:** $100
– **Monthly Fee:** $0
– **Our Rating:** 4.1/5

**Expert Take:** Quontic High Interest Checking offers a 1.10% APY on eligible balances with a low qualifying activity bar. The account features no monthly or overdraft fees, mobile deposit, and online bill pay.

## FAQ

### How Much Interest Do High-Yield Checking Accounts Pay?
The interest rates on high-yield checking accounts vary, but they generally offer rates comparable to high-yield savings accounts.

### Are There Any Requirements to Earn Interest?
Some high-yield checking accounts may have requirements such as setting up direct deposits, meeting transaction minimums, or maintaining a minimum balance to earn interest.

### What’s the Maximum Balance to Earn Interest?
While some high-yield checking accounts may have caps on interest payments, they are usually high (e.g., $5,000 or more).

### How Much Do High-Yield Checking Accounts Cost?
Ideally, the best high-yield checking accounts are free of monthly maintenance fees. Some accounts may charge a fee, but they often have easy waiver options.

### Are High-Yield Checking Accounts Actually Savings Accounts?
Some high-yield checking accounts may offer combined checking and savings features, but they are still primarily checking accounts.

## Conclusion

When selecting a high-yield checking account, it’s essential to consider factors such as interest rates, fees, minimum balances, and account features. The accounts listed above offer competitive rates and attractive features to help you maximize your savings. As always, ensure that the account aligns with your financial goals and needs before opening one. With the right high-yield checking account, you can watch your bank balance grow faster while enjoying the convenience of a checking account.