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The best overall checking deals

The ranking is based on a $1,500 monthly balance held in a checking account for one year, with average account activity of 12 transactions per month and one bounced check per year. Simple interest is credited to the account if it is interest bearing.

The 20 best deals have traditionally been from the largest institutions in each of the 35 top markets. New with this survey, we included a select number of Internet banks. The combined rankings incorporate both the institutions from the 35 largest markets as well as the accounts offered by the Internet banks.

Combined Rankings
Institution Name
Market
Account Name

Yield

Min. to Open

Min. to Avoid Fees

Monthly Fee

NSF

Annual Income

Security First Network Bank
Internet
Interest Checking
6.00%
$100
$0
$0
$25
$65
USABancShares.com
Internet
Energy One Checking
5.00%
$1
$0
$0
$30
$45
USAccess Bank
Internet
Interest Checking
4.00%
$500
$500
$6
$25
$35
Bank CaroLine
Internet
Personal Checking
4.00%
$100
$0
$0
$27
$33
Telebank
Internet
Interest Checking
3.15%
$1,000
$1,000
$5
$15
$32.25
BankDirect
Internet
Checking w/ Interest
3.25%
$100
$0
$0
$25
$23.75
Flagstar Bank
Detroit
Classic Checking
2.80%
$50
$500
$5
$20
$22
Arundel Fed
Baltimore
NOW Checking
2.78%
$250
$250
$5
$20
$21.70
Bay Financial Savings Bank
Tampa
NOW Checking
2.78%
$50
$500
$6
$20
$21.70
Washington FS&L
Seattle
Performance Checking w/ Interest
2.63%
$500
$1,000
$8
$18
$21.45
Washington FS&L
Phoenix
Performance Checking w/ Interest
2.63%
$500
$1,000
$8
$18
$21.45
Washington FS&L
Portland, Ore.
Performance Checking w/ Interest
2.63%
$500
$1,000
$8
$18
$21.45
Luther Burbank Savings
San Francisco
Regular Interest Checking
2.05%
$500
$500
$5
$10
$20.75
Luther Burbank Savings
San Francisco
Unlimited Money Market Checking
2.05%
$1000
$1,000
$10
$10
$20.75
Presidential Online Bank
Internet
Special Checking
2.27%
$500
$500
$5
$15
$19.05
Matrix Capital Bank
Phoenix
Matrix Plus Checking
2.53%
$250
$500
$8.50
$19
$18.95
United Savings & Loan
Seattle
Personal Checking
2.38%
$100
$500
$5
$17
$18.70
United Midwest Bank
Columbus
Interest NOW Checking
2.53%
$200
$200
$4
$20
$17.95
Essex Savings Bank
Norfolk
Interest Checking
2.79%
$100
$500
$6
$25
$16.85
First Federal Bank
Kansas City
First Interest Checking
2.02%
$10
$1000
$8
$15
$15.30
Alden St. Bank
Buffalo
Money Fund
2.02%
$1000
$1000
$5
$15
$15.30
-- From the Bankrate.com semiannual checking account price study
-- Figures are current as of Feb. 23,2000

 

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See Also
Checking 2000 Home Page
Plus: The best checking deals in the top 35 markets
And: The worst checking deals
More checking stories

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