Many people keep hundreds or even thousands of dollars in their checking account simply because it’s convenient – not because it’s earning anything. While savings accounts are often discussed as the place to grow your money, everyday checking balances are usually overlooked, even though they’re often the funds you keep consistently month after month.
High Interest Checking accounts are designed to change that. They allow your everyday money to earn interest while still being available for bills, purchases, and transfers – without requiring you to change how you bank.
How High Interest Checking Works (And Why It Exists)
Traditional checking accounts are built for convenience, not growth. Most earn little to no interest because they’re designed primarily for transactions – deposits, withdrawals, and payments.
High Interest Checking works differently. These accounts earn interest on your balance while still functioning like a normal checking account. At Lisle Savings Bank, our High Interest Checking offers 5.00% APY* on balances up to and including $15,000 when you qualify, allowing everyday funds to grow instead of sitting idle.
How can a Bank Offer High Rates on a Checking Account?
This is one of the most common (and fair) questions.
When you use a debit card, the merchant pays a small processing fee – called an interchange fee – to accept that payment. These fees are paid by the merchant, not by you. Banks share a portion of that interchange revenue, which helps support higher interest rates on accounts like High Interest Checking.
Other savings, like enrolling in eStatements, also help. When you choose digital statements instead of paper, the bank saves on printing and mailing costs. Those savings can be passed back to you in the form of higher interest.
In simple terms: Your everyday banking habits – using your debit card, opting for eStatements – help your money earn more, without costing you a dime.
Debit Cards vs. Credit Cards: You don’t Have to Choose One
Many people prefer using their credit cards for rewards, and that makes sense. Credit cards can offer points, miles, or cash back, along with additional protections.
High Interest Checking doesn’t require you to stop using your credit card – it simply rewards you for balancing both:
Tips to make both work together:
- Use your credit card for larger purchases or recurring expenses to earn rewards.
- Use your debit card for everyday spending to help qualify for higher checking interest.
- Pay off credit card balances from your high interest checking account.
This approach lets you earn credit card rewards and checking interest – instead of choosing one or the other.
Choose a checking account that fits your life
High Interest Checking is a great option if you keep a steady balance and want your everyday money to earn interest. But it’s not the only checking solution available at Lisle Savings Bank.
Depending on how you manage your money, other options may be a better fit:
- Cashback Rewards Checking is designed for customers who prefer earning cash back on a debit card instead of interest. Ideal for those who have smaller checking account balances.
- Mortgage Advantage Checking is ideal for customers who want to simplify their finances by managing their account and mortgage in one place, with added benefits tied to their home loan relationship.
Our goal is to help you choose the account that aligns with how you spend, save, and manage your money – not force you into a one-size-fits-all solution.
An Opportunity Many People Overlook
Today’s checking accounts can do more than simply move money in and out. Whether it’s earning interest, receiving cash back, or supporting your broader financial goals, the right checking account can turn everyday banking into an opportunity – not just a routine.
If you’re ready to stop overlooking the opportunity your checking account could offer, visit us online, stop by a local Lisle Savings Bank branch, or connect with our team to find an option that fits how you bank today.
*APY = Annual Percentage Yield. 5.00% APY on balances up to and including $15,000 when you qualify. 5.00% to 1.09% APY on balances over $15,000 depending on the balance in the account. 0.05% APY when you do not meet account qualifications. APY accurate as of 1/26/26. Rates are subject to change without notice. Fees will reduce earnings on the account. A minimum deposit of $50.00 is required to open the account. Contact an employee for further information about applicable fees and terms. Member FDIC.