If you are looking for bank accounts that offer high interest rates, certificates of deposit (CDs) are another option. However, CDs typically require a higher minimum deposit and have a fixed term length. That means your money must stay in the account until your term is up, or else you’ll have to pay penalties. Money market accounts can offer high interest rates, but they require a higher minimum balance and have limits on the number of transactions you can make per month. Lastly, some checking accounts do offer high interest rates, but often come with requirements, such as a minimum number of transactions per month or direct deposit setup.