With interest rates at an abysmally low rate, everyone's wondering if there are better options out there. Turns out, there are a number of accounts that still provide consumers with decent interest, according to the latest survey by Bankrate.com, which surveyed 115 banks to find the best high-yield checking accounts. In fact, the top yields include a 6.2 percent interest rate as well as many that earn around the three or four percent mark.
But there are certain restrictions that go along with a high-interest checking account. For example, balances are capped at a certain amount, and most of them require over 10 debit transactions per month. Consumers who don't meet those requirements don't get to enjoy the high rates. Here is a list of some of the checking accounts with higher rates that are available nationwide:
- Integrity Bank, which has a four percent interest rate and a balance cap of $25,000.
- Consumer's Credit Union, which has a 4.1 percent interest rate and a balance cap of $10,000.
- Pinnacle Bank, which has a 3.25 percent interest rate and a balance cap of $25,000.