11 Best Rewards Checking Accounts of 2023

SoFi Checking and Savings gives customers with direct deposit a 1.20% APY (variable and subject to change) on balances in the checking portion of their account. In addition, the savings portion earns 4.30% APY (variable and subject to change). The account doesn't have monthly or overdraft fees. Customers can also receive their paychecks up to two days early and earn up to 15% cash back on purchases made with their SoFi debit card. New customers can earn a bonus of up to $250 depending on how much they direct deposit within 25 days of their first qualifying direct deposit. Without direct deposit, SoFi Checking and Savings earns 1.20% APY (variable and subject to change) on all account balances.

Axos Bank customers can earn up to 3.30% APY on their balance as long as they meet some requirements. To earn the full interest, customers must have monthly direct deposits totaling $1,500 or more, use their debit card at least 10 times per month (with a minimum of $3 per transaction), maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account, maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account and use their account to make a full monthly Axos Bank consumer loan payment. Other benefits include no overdraft fees and unlimited domestic ATM fee reimbursements.

NBKC’s Everything Account gives its customers 1.50% APY on all balances with no requirements. There’s no monthly fee or minimum balance requirement, and customers have access to more than 37,000 fee-free ATMs. NBKC also offers up to $12 in monthly fee reimbursements for out-of-network ATMs.

To join Hope Credit Union, new members need to pay a one-time $10 membership fee. Hope Credit Union is primarily located in the South, but it’s also part of the Co-op branch and ATM network, which gives customers access to more than 5,600 shared branches and more than 30,000 fee-free ATMs.

For Give-Back Checking, Amalgamated Bank offers a rate of 0.75% APY for balances below $2,500 and 0.80% APY for balances $2,500 and higher. There’s an added philanthropic benefit to this account as well: Amalgamated Bank donates an amount half of the interest you earn to a participating organization. The account has no monthly fees and a minimum opening deposit of $100. Customers also have access to more than 40,000 Allpoint ATMs.

Bank5 Connect offers customers a 2.70% APY rate on its High-Interest Checking account for balances of $100 or more. Customers can use the nationwide SUM ATM network for free, and Bank5 Connect also reimburses up to $15 per month in out-of-network ATM fee charges. The account is free with e-statements or $1 per month if you choose to receive paper statements, and there’s a $10 minimum opening deposit.

Upgrade charges no monthly fees or overdraft fees, and will rebate up to five ATM withdrawal fees per month if the customer had an Active Account the previous month.