In this piece, we will take a look at the five best interest yielding checking accounts in the U.S. For more checking accounts, head on over to 15 Best Interest Yielding Checking Accounts in the U.S.
5. Liberty Federal Credit Union Vertical Checking
Latest APY: 3.45%
Liberty Federal Credit Union’s Vertical Checking account has a higher maximum balance of $20,000 for the highest APR rate. However, it does require 15 debit card transactions per month, and a $25 minimum balance to open. However, the drawback is that there is no interest paid on amounts higher than $20,000. The account also requires mobile or online banking logins, and has a $25 minimum balance requirement to open the account. There are no maintenance fees and some ATM fees reimbursements.
4. Garden Savings Federal Credit Unit Platinum Rate Rewards Checking
Latest APY: 4.00%
Garden Savings Federal Credit Unit Platinum Rate Rewards Checking has the standard maximum balance limit of $15,000 for its highest APY rate of 4%. At the same time, it requires you to make at least 12 debit card transactions per month along with at least one deposit. The account also reimburses some ATM withdrawal fees, and it does not have monthly maintenance fees.
3. La Capitol Federal Credit Union Choice Checking Account
Latest APY: 4.25%
La Capitol Federal Credit Union Choice’s Checking Account has some of the lowest maximum balance limitation for the highest APY on our list. Its top APY of 4.25% is limited to a maximum balance of $,3000. For amounts ranging between $3,000 and $10,000, the account offers a 2.67% APY, and for balance exceeding that, the APY drops to just 0.10%. Compare this to other checking accounts mentioned earlier, where the maximum balance amount itself is at least $15,000.
2. Presidential Bank Advantage Checking Account
Latest APY: 4.375%
If high maximum balances on an interest yielding checking account are your thing, the Presidential Bank Advantage Checking Account might be the right one for you. It offers a 4.375% APY for balances up to $25,000 – which sits in the high end in our list. For balances above that, the account still offers a fairly reasonable 1%. However, it does require at least $500 in direct deposits per month, and also requires a $500 minimum deposit for opening.
1. Consumers Credit Union Rewards Checking
Latest APY: 5.00%
Consumers Credit Union Rewards Checking is one of the more interesting checking accounts with a tiered structure that goes as high as 5% for balances up to $10,000. This is contingent on basic service requirements, which include 12 debit card transactions, eStatements, and $500 direct deposits. In addition to this, the Tier A dividend rate a.k.a. the 5.00% rate is conditional on the $10,000 balance requirement as well as at least $1,000 in credit card purchases that clear by the end of the month.
Disclosure: None. You can also take a look at 10 Best Used Car Stocks To Buy According to Hedge Funds and 10 Best Delivery Stocks To Buy Now.
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