Deposit Diary Daily #253
Best Nationally Available Reward Checking Accounts, 3 February 2025
Rate Change
Magnifi Financial lowered the APY on its High-Yield Checking to 3.50% (↓25 bps) on qualifying balances up to $20k.
Top RCAs
Below is a sampling of the best RCAs currently available on a nationwide basis. A comprehensive spreadsheet consisting of 55 RCAs is attached at the bottom of this post.
Balance Caps of $20k and Above
Kasasa Cash® Checking • 6.00% (up to $25k), 0.75% ($25k+)
12+ PIN/signature debit card purchases, at least 1 direct deposit, ACH credit, ACH payment, or Bill pay
Kasasa Cash® Checking • 6.00% (up to $25k), 0.499% ($25k+)
15+ debit card purchases, 1 direct deposit or ACH credit transaction, e-Statements
Kasasa Cash® Checking • 6.00% (up to $25k), 0% ($25k+)
15+ debit card purchases, at least 1 direct deposit or ACH, eStatements
Free Kasasa Cash® Checking • 5.50% (up to $25k), 0.50% ($25k+)
15+ debit card purchases, at least 1 ACH credit or ACH payment transaction, eStatements
Elite Checking Account • 5.35% (up to $25k), 0.25% ($25k+)
15+ debit card transactions and using step tracker app and averaging 10k steps/daily
Balance Caps Less than $20k
Rewards High-Yield Checking • 7.00% (up to $10k), 0.50% ($10k+)
15+ debit card purchases, eStatements, online or mobile banking
Genisys High Yield Checking • 6.75% (up to $7.5k), 0.05% ($7.5k+)
10+ debit card purchases ($5 min each), eStatements
La Capitol Federal Credit Union
Choice Checking • 6.25% (up to $10k), 0.72% ($10k+)
15+ debit card purchases, eStatements
Momentum Checking with Rewards • 6.00% (up to $10k), 3.00% ($10k-$50k)
15+ debit card transactions
Garden Savings Federal Credit Union
Platinum Checking • 5.12% (up to $15k), 0.15% ($15k+)
12+ debit card purchases (min $5 each), direct deposit or ACH payment, eStatements
Spreadsheet
The attached updated spreadsheet lists 55 nationally available RCAs.
