Best of

Best Checking Accounts of August 2019

NerdWalletAugust 1, 2019

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Summary of Best Checking Accounts of August 2019

BankMonthly FeeAPYLearn More
Chime Spending Account

Chime Spending Account

at Chime,

Member, FDIC

$0

N/A

at Chime,

Member, FDIC

Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

$0

0.65%

With $0 minimum balance

at Alliant Credit Union,

Federally insured by the NCUA

Simple Checking & Budgeting

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

$0

2.02%

With $0 minimum balance

at Simple,

Deposits are FDIC Insured

Chase Total Checking®

Chase Total Checking®

at Chase,

Member, FDIC

$12

Waived with direct deposit or $1500 minimum balance

N/A

at Chase,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

$0

N/A

at Discover,

Member, FDIC

Consumers Credit Union Free Rewards Checking

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

$0

3.09%

With $0 minimum balance

at Consumers Credit Union,

Federally insured by the NCUA

First Tech Federal Credit Union Dividend Rewards Checking

First Tech Federal Credit Union Dividend Rewards Checking

$0

2.00%

With $0.01 minimum balance

Bank5 Connect High Interest Checking

Bank5 Connect High Interest Checking

$0

0.76%

With $100 minimum balance

Connexus Credit Union Xtraordinary Checking

Connexus Credit Union Xtraordinary Checking

$0

1.75%

With $1 minimum balance

Capital One 360 Checking

Capital One 360 Checking

$0

0.20%

With $1 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

$0

0.10%

With $0 minimum balance

Schwab Bank High Yield Investor Checking®

Schwab Bank High Yield Investor Checking®

$0

0.37%

With $1 minimum balance

Aspiration Spend & Save Account

Aspiration Spend & Save Account

$0

2.00%

With $0 minimum balance

BankMonthly FeeAPYLearn More
Chime Spending Account

Chime Spending Account

at Chime,

Member, FDIC

$0

N/A

at Chime,

Member, FDIC

Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

$0

0.65%

With $0 minimum balance

at Alliant Credit Union,

Federally insured by the NCUA

Simple Checking & Budgeting

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

$0

2.02%

With $0 minimum balance

at Simple,

Deposits are FDIC Insured

Chase Total Checking®

Chase Total Checking®

at Chase,

Member, FDIC

$12

Waived with direct deposit or $1500 minimum balance

N/A

at Chase,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

$0

N/A

at Discover,

Member, FDIC

Consumers Credit Union Free Rewards Checking

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

$0

3.09%

With $0 minimum balance

at Consumers Credit Union,

Federally insured by the NCUA

First Tech Federal Credit Union Dividend Rewards Checking

First Tech Federal Credit Union Dividend Rewards Checking

$0

2.00%

With $0.01 minimum balance

Bank5 Connect High Interest Checking

Bank5 Connect High Interest Checking

$0

0.76%

With $100 minimum balance

Connexus Credit Union Xtraordinary Checking

Connexus Credit Union Xtraordinary Checking

$0

1.75%

With $1 minimum balance

Capital One 360 Checking

Capital One 360 Checking

$0

0.20%

With $1 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

$0

0.10%

With $0 minimum balance

Schwab Bank High Yield Investor Checking®

Schwab Bank High Yield Investor Checking®

$0

0.37%

With $1 minimum balance

Aspiration Spend & Save Account

Aspiration Spend & Save Account

$0

2.00%

With $0 minimum balance

Chime Spending Account

at Chime,

Member, FDIC

Monthly Fee

$0

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

Monthly Fee

$0

APY

1.25%

With $0 minimum balance

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

at Alliant Credit Union,

Federally insured by the NCUA

Monthly Fee

$0

APY

0.65%

With $0 minimum balance

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

at Simple,

Deposits are FDIC Insured

Monthly Fee

$0

APY

2.02%

With $0 minimum balance

Bonus

$250

Requirements to qualify

Chase Total Checking®

at Chase,

Member, FDIC

Monthly Fee

$12

Waived with direct deposit or $1500 minimum balance

Bonus

$200

Requirements to qualify

Discover Cashback Debit

at Discover,

Member, FDIC

Monthly Fee

$0

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

at Consumers Credit Union,

Federally insured by the NCUA

Monthly Fee

$0

APY

3.09%

With $0 minimum balance

Monthly Fee

$0

APY

2.00%

With $0.01 minimum balance

Monthly Fee

$0

APY

0.76%

With $100 minimum balance

Monthly Fee

$0

APY

1.75%

With $1 minimum balance

Monthly Fee

$0

APY

0.20%

With $1 minimum balance

Monthly Fee

$0

APY

0.10%

With $0 minimum balance

Monthly Fee

$0

APY

0.37%

With $1 minimum balance

Monthly Fee

$0

APY

2.00%

With $0 minimum balance

Last updated on August 1, 2019

Methodology

We took a close look at over 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, Internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express, Aspiration, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA, Boeing Employees Credit Union, BMO Harris, Capital One 360, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Access, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E-Trade, Fidelity, Fifth Third Bank, First National Bank, First Tech Federal Credit Union, GoBank, Golden 1 Credit Union, GS BankHSBC Bank USA, Huntington Bank, KeyBank, MetaBank, M&T BankMoven, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Radius Bank, Redneck Bank, Regions Bank, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, Simple, State Employees’ Credit Union of North Carolina, State Farm Bank, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TCF Bank, TD Bank, TIAA Bank, Union Bank, UFB Direct, USAA, U.S. Bank, Varo, Wells Fargo and Zions Bank.

How we rate banks and credit unions