Best High-Yield Checking Accounts Of 2025

The Axos Bank Rewards Checking account topped our list thanks to its highly competitive annual percentage yield, unlimited ATM reimbursements and lack of monthly fees or minimum deposit requirements. Account holders will have to meet several requirements to earn the up to 3.30% APY, however.

• Domestic outgoing wire transfers: $35
• International outgoing wire transfers: $45
• Excess transaction or withdrawal fee: $10
• Official checks, per item: $10
• Non-sufficient/uncollected funds fee: $25
• Card replacement (expedited delivery): $50

Here’s how you can receive the maximum APY:

• Receive monthly direct deposits totaling $1,500 or more (required to unlock other interest-earning options): 0.40% APY
• Use your Axos debit card for a total of 10 transactions per month (minimum $3 per transaction) or link an account to activate Personal Finance Manager (PFM): 0.30% APY
• Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account: 0.99% APY
• Maintain an average daily balance of $2,500 per month in an Axos Invest Self-Directed Trading Account: 0.99% APY
• Use your Rewards Checking account to make your full monthly Axos Bank consumer loan payment: 0.60% APY

The OnPath FCU Rewards High Yield Checking account earns one of the highest rates currently on the market: 7.00% APY on balances up to $10,000. To earn the elevated APY, you will need to meet the following requirements:

• Log in to online or mobile banking one or more times per cycle
• Enroll in e-statements and receive e-statement for the statement cycle
• Have at least 15 debit card purchases post and settle during the statement cycle

You shouldn’t go out of your way and spend more than usual to meet the monthly purchase requirement, but if you’re already comfortably meeting it, you could easily secure one of the best checking rates on your first $10,000 by opening an account. Balances over $10,000 earn a much lower, but still respectable, rate of 0.50% APY.

The Connexus Credit Union Xtraordinary Checking account earns an impressive yield of  5.00% APY on account balances of $25,000 or less and 0.25% on any amounts exceeding $25,000, has no monthly fee or minimum deposit requirement and offers up to $15 in out-of-network ATM fees each month.

Account holders can manage their checking accounts with Connexus’s highly rated mobile app, which earned a 4.7-star rating on the App Store and a 4.8-star rating on the Google Play Store.

The main drawback of the Xtraordinary Checking account is that there are requirements to earn the account’s elevated APY each month:

• Make 15 debit card purchases or accumulate $500 in debit card spending
• Subscribe to electronic statements
• Make one monthly deposit of at least $500 from either a direct deposit or an ACH deposit

The yields earned on credit union accounts are referred to as dividends rather than interest. Dividends are compounded and credited monthly.

You won’t be charged by Connexus for in-network or out-of-network ATM transactions, but the owner of an out-of-network ATM could charge a fee. Fortunately, Connexus reimburses up to $25 per month in ATM surcharges, provided you meet the account’s monthly requirements. Connexus Credit Union doesn’t charge account holders a fee for overdraft transfers from linked accounts.

In addition to the regular group and geographic categories of membership, you can become a member by making a one-time $5 donation to the Connexus Association.

If you’re looking to open both a checking and savings account with competitive rates and no monthly fees, SoFi is worth considering. The SoFi Bank joint checking and savings account offers 0.50% APY on checking balances and up to 3.60%¹ APY on savings balances. While 0.50% APY isn’t the highest rate on this list, it’s still well over the national average checking account rate of 0.07%.

The account has no monthly maintenance, stop payment, overdraft or replacement card fees. The only fee the account charges is a $30 fee for outgoing wire transfers.

• Direct deposit means a recurring deposit of regular income to an account, including payroll, pension or government benefit payments
• Access additional insurance up to $3M on deposits
• Overdraft coverage automatically transfers funds from your savings account to cover the overdrawn amount

*Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Enroll in SoFi Plus between 9/18/25 and 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.

¹Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet.. 

²We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.

³SoFi does not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.

⁴Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

⁵Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.

⁶New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

⁷SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks. 

The Dave Checking account earns an impressive 4.00% APY on all balances and doesn’t charge a monthly fee that could eat into any interest earned. However, you will need to pay a membership fee of up to $5 per month to access a Dave checking account.

The account provides an ExtraCash feature for eligible account holders, offering cash advances of up to $500. The advance can be available in minutes, with no interest, credit check or late fees.

• Inactivity fee: $5/month
• Out-of-Network ATM: $2.50
• External debit card withdrawals: $1.50
• Foreign ATM transaction fee: $3, plus 3%
• ACH transfer limit: 5 per month
• ATM withdrawal limit: $500 per day

The BECU Member Advantage Checking and Savings account is a joint account that offers elevated rates on checking and savings balances, as well as on CDs, IRAs and money market accounts from BECU. With a Member Advantage account, checking balances up to $500 earn 3.04% APY. Balances over $500 earn 0.10% APY.

Qualifying for the account is easy. You just need to sign up to receive monthly eStatements and make at least one free electronic transaction per month.

Membership:
If you’re not eligible for BECU membership based on where you live, work, worship or go to school, you can qualify for membership by joining one of BECU’s partner organizations.

Fees:

• Non-sufficient funds: $10
• Stop payment: $25
• Outgoing wire transfer (domestic/international): $25/$35

Quorum is a solid option for individuals who want easy access to their cash, thanks to the credit union’s extensive network of over 90,000 free ATMs and over 5,000 shared service centers across the country.

The Quorum Federal Credit Union QBoost Checking, which has no minimum deposit requirement or monthly maintenance fee (with e-statements), offers a competitive rate of 4.00% on balances up to $5,000 and reimburses up to $20 in out-of-network ATM fees per month. The main drawback of the account, however, is that balances above $5,000 earn just 0.50%.

To earn interest, you’ll need to receive monthly direct deposits and complete at least 10 debit card transactions per month.

If you’re looking for a single account to manage both your checking and savings balances and want to avoid monthly fees while you’re at it, Wealthfront Cash Account is a suitable choice.

Wealthfront Cash combines both checking and savings features into one account, has no monthly maintenance fee and earns a high APY of 3.50%.

Notable features of the account include free wire transfers, automated savings tools, expense categorization and reimbursement for two out-of-network ATM fees per month (up to $7.50 each). You’ll also have access to 19,000 fee-free ATMs.

• Out-of-network ATM fee: $2.50
• Cash deposits at select retailers: Up to $5.95
• International transaction fee: 2.75%

If you’re looking to earn when you spend, the American Express® Rewards Checking account may be of interest to you. The account earns one Membership Reward point for every $2 spent on eligible purchases made with the Rewards Checking debit card, and you can redeem points for deposits into your account.

You’ll also earn 1.00% APY and won’t have to worry about any minimum balance requirements or monthly fees.

The American Express Rewards Checking account is available to:

• Card Members with a U.S. Basic Consumer Card issued by American Express National Bank (AENB) with at least 35 days tenure
• Customers with an existing High Yield Savings Account, CD and IRA with at least five days of tenure who are not existing U.S. Basic Card Members.

The Presidential Bank Advantage Checking account made our list thanks to its highly competitive APY of 4.62% (the highest APY of all the bank/fintech accounts featured) on balances up to $25,000. Higher balances earn 3.62% APY.

To score the highest advertised rate, you will need to meet the following requirements:

• Receive a monthly deposit of $500 or more from payroll, pension, Social Security or annuity
• Make at least seven electronic withdrawals per month (electronic withdrawals include: ATM withdrawals, point of sale purchases, outgoing ACH transfers and bill payments)

To open an account, you will need to make an initial deposit of at least $500. To avoid monthly fees, your balance must not fall under this amount.

You can write three checks per month for free, but there are charges for additional check writing. ATM rebates are capped at $8 per month.

You can earn 4.62% APY on balances under $25,000 and 3.62% APY on balances over $25,000 by meeting the following conditions:

• Receive at least $500 in monthly direct deposits
• Make at least seven electronic withdrawals per month

These requirements are waived during the first month your account is open. But if you don’t meet these requirements after the first month of your account being open, your balance will earn 0.10% APY.

Interest compounds and is credited to your account monthly.