The Access America Checking account has a tiered dividend rate structure with easy-to-meet requirements. PenFed offers two checking accounts, one free and one dividend-earning.

There’s a low $50 minimum deposit requirement and no minimum balance requirement.Īs with other checking accounts at Axos, there are no overdraft or non-sufficient funds fees. It’s easy to open and maintain an account. This account also offers helpful online and mobile features for day-to-day money management: You can manage your debit card, set up auto-pay for bills and pay friends and family, all from your account dashboard. There are five rewards tiers, each of which increases your earning potential after you meet certain transaction or direct deposit qualifications within a statement cycle (see Details).īeyond earning interest, account holders have access to surcharge-free ATM withdrawals at approximately 91,000 ATMs across the country, and the bank offers unlimited domestic ATM fee reimbursement. But you’ll have to jump through some hoops to earn the full APY.

Balances above $50,000 do not earn interest-a very competitive rate among checking accounts. This is the second year in a row that Axos’ tiered interest rate Rewards Checking account has been on our list.