While checking account rates are falling, there are still banks that offer high yield checking accounts. Opening a checking account takes effort, but that effort could be proved useless when you open a checking account that does not bear any interest. Go for an interest bearing checking account no matter how small the interest is. Most of all, it must be something that does not charge you a monthly service fee.

As an account depositor, one thing you should bear in mind is to go for a checking account that is totally free and one that gives you an interest income in some way.

Here are a few banks that offer high yield checking accounts:

1. RockLand Trust – High Yield Checking Account starts with a bonus rate of 2.00%APY on all balances over $5,000. Includes free check with complimentary safe deposit box.

2. AmegyBank of Texas – Smart Yield Checking at 1.50%APY on balances of up to $25,000. No fees and unlimited transactions.

3.  bankofinternet.com Rewards Checking – 1.25%APY, $100 minimum to open and no monthly fee

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