The national average checking account interest rate is 0.07% APY as of February 2026, per FDIC data. See how rates compare and where to find a better rate.
A checking account allows you to use a debit card, cash checks and access your money with an ATM. But certain checking accounts have other features, too. An interest checking account has the added ...
If your savings account earns interest, you'll owe money to the IRS ...
If you earned at least $1 from a savings account in the last year you'll need to report that amount on your federal taxes.