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5 Reward Checking Accounts Still Pay 4%

Five banks are still paying 4% on nationally available, high-yield checking accounts.

Earn 4% With A Top Rewards Checking AccountThat’s a big change from a year or so ago, when dozens of high-yield or reward checking accounts were paying 4%, 5%, or more, to lure savers in the door.

But with the even the best 2-year CDs barely paying 2%, these checking accounts continue to offer the best returns available to most savers.

You can earn 4.01% APY on balances up to:

$25,000 in the Free Rewards checking account from Danversbank, which has 30 branches in the Boston area.

$10,000 with a Smart Checking account at Capital Bank, which has 32 branches in North Carolina.

You can earn 4.00% APY on balances up to:

$10,000 in a Reward Checking account from AmericaNet Bank and Evantage Bank, two online banks owned by the same Oklahoma banking family.

$50,000 with an Absolute Checking account from ViewPoint Bank, which has 27 branches in the Dallas/Ft. Worth area.

That’s one of the highest caps we’ve ever seen on this kind of account.

The only drawback is that you must make 15 check card purchases a month to qualify for the rate, which is more than the 10 or 12 purchases required by most high-yield checking accounts.

(If you’re unfamiliar with how these accounts work, “The ABCs of High-Yield Checking Accounts” will explain all of the rules.)These accounts are open to savers in all 50 states and can be opened online.

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7 Existing Comments
  1. DealMaven said:
    on July 7th at 11:58 am

    All of the deals on the CD Rates Leaderboard For July 6 are still available today. And they’re still the best nationally available rates.

  2. Jen Stryker said:
    on July 7th at 01:54 pm

    It seems 13 of the nation's 15 biggest banks are pushing customers to opt-in to costly overdraft protection and fees.We had hoped that most banks would follow the lead of Citibank and Bank of America, and not pressure customers to sign up for overdraft protection. Hah. That was wishful thinking. The Consumer Federation of America says 13 of the country’s 15 biggest banks – all of them except Citi and Bank of America — are pushing customers to voluntarily sign up for a program that’s costing them $23 billion a year in fees. Our advice: Don’t do it.

  3. DealMaven said:
    on July 8th at 11:53 am

    For the third straight day, the top rates on the July 6 leaderboard have not changed.

  4. RateRunner said:
    on July 8th at 05:43 pm

    U.S. Savings BondsIf you like the security of government securities, TreasuryDirect.com is the cheapest and easiest way to buy them. It allows you to purchase a wide range of government debt, including Treasury bills and notes, U.S. Savings Bonds and Treasury Inflation-Protected Securities (TIPS) with a minimum investment of just $25 to $100. And there’s no charge to buy and sell through TreasuryDirect.com.

  5. CrankySaver said:
    on July 19th at 11:09 am

    We checked these rates this morning, and as of July 19, they’re all good.

  6. DealMaven said:
    on July 28th at 09:56 am

    You can scratch Viewpoint Bank from the list of banks that pay 4.0% on nationally available rewards checking accounts. The bank now limits this offer to residents of Texas.

  7. Sal Liggieri said:
    on September 29th at 04:44 pm

    Viewpoint cap is now 25000