How to Find a Bank with High‑Yield Checking and Savings Accounts
Looking for one bank that pays strong interest on both checking and savings? Here’s a fast checklist to spot the right fit — and how ZYNLO stacks up.
1) Start With the Rates (and Where They Apply)
- High‑yield savings should be clearly above the national average.
- High‑yield checking is rarer — if a bank offers it, that’s a plus.
- Watch for rate caps ((e.g., Annual Percentage Yield (APY) only up to a balance tier)) and teaser rates that drop after a few months.
ZYNLO tip: ZYNLO offers competitive yields with easy‑to‑understand terms.
2) Confirm There Are No Monthly Fees
Fees can erase the benefit of a higher APY. Look for:
- $0 monthly maintenance fees
- No minimum balance fees
- Clear overdraft policies (bonus if the bank doesn’t allow overdrafts)
ZYNLO tip: ZYNLO is built to be fee‑friendly and transparent.
3) Check Transfer Speed (Same‑Day or Instant)
You’ll move money between the two accounts a lot: paycheck in → bills out → savings up.
- Prioritize instant internal transfers
- Make sure transfers are just as easy on mobile
With ZYNLO: Checking ↔ Savings transfers are simple — set automation once and you’re done.
4) Look for Modern Digital Tools
Great rates should come with a great app. Must‑haves:
- Card controls & alerts
- Savings automation (rules/recurring transfers)
- Clear transaction details and fast support
ZYNLO advantage: Built for digital banking from day one.
5) Verify FDIC Insurance
Always confirm deposits are FDIC‑insured up to the legal limit for peace of mind.
ZYNLO: FDIC‑insured.
Summary
Most banks offer high‑yield savings, but high‑yield checking is much rarer. If a bank offers strong rates on both accounts — like ZYNLO — you can keep all your money in one place and earn more on everything from your emergency fund to your everyday spending.
Choose a bank that has:
- High‑yield savings and (ideally) high‑yield checking
- $0 monthly fees and simple terms
- Instant internal transfers
- A highly rated mobile app
- FDIC insurance
Why ZYNLO? You can open checking and savings together, automate transfers, and grow your money without juggling multiple banks.
Open Your ZYNLO Accounts and get started today!
Frequently Asked Questions
Do I really need both a high‑yield checking and a high‑yield savings account?
Yes. High‑yield checking helps you earn on money you use every day, while high‑yield savings grows what you’re setting aside. Having both at the same bank makes transfers easier and helps you stay organized.
Why choose a bank that offers both types of high‑yield accounts?
Most banks only offer high‑yield savings. When a bank offers both, you can keep all your money in one place, earn interest on more of it, and avoid juggling multiple apps or fees.
How do I know if a checking or savings APY is competitive?
Look for a rate that is clearly above the national average and check if there are balance caps or teaser promotions. A good high‑yield bank will clearly state the APY and any requirements. ZYNLO offers highly competitive rates and no caps on interest.
Do high‑yield banks also offer Early Payday**?
Some do—and it’s a great perk to pair with high‑yield accounts because your paycheck arrives sooner and starts earning interest right away. ZYNLO offers Early Payday**, so you can get paid up to two days early.
Is it better to keep both accounts at the same bank?
Usually yes. It gives you instant transfers, one login, a single app to manage, and fewer chances to lose track of your money.
How much should I move into savings each month?
Start with a small amount—like $25 to $100 each payday—and automate it. Increase the amount as your budget allows.
‖ZYNG automatically rounds up debit card purchases to the nearest dollar and transfers that amount from your ZYNLO More Spending Account into your ZYNLO Tomorrow Savings Account. ZYNG will match roundups at 100% for the first 100 days. After the first 100 days, ZYNG will match roundups at 100% if your More Spending Account had an average daily balance (ADB) of at least $3,000 in the previous statement cycle. If your ADB was below $3,000 in the previous statement cycle, roundups will be matched at 25% for the current statement cycle. After not qualifying, you can return to the 100% match if the minimum ADB is met. Matches are applied in real time, and your match percentage is recalculated each month based on the ADB from the prior statement cycle. ZYNLO More Spending with ZYNG Round Up and Match return is estimated using $3,000 average daily balance, 20 monthly transactions, an average of $0.44 per roundup, and 100% match. ZYNLO reserves the right to monitor and assess ZYNG Match transactions for unusual and unnatural use of this benefit. At our sole discretion, ZYNLO may determine that an account has displayed unusual or unnatural use of the ZYNG benefit. Once an account has been identified for using ZYNG in an unnatural manner based on typical customer behavior, ZYNLO reserves the right to (1) remove the account from any and all promotions and campaigns, (2) implement a pause, or pursue closure of the account, and (3) reclaim any ZYNLO Match contributions associated with transactions deemed unnatural or in violation of the ZYNG program.
**Early Payday: Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
