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It's not very common on checking accounts though, even for online banks. 3% interest on online savings though is a different story!

Is it really? I search for the best interest rates on savings accounts fairly regularly and I haven’t seen 3% since the Great Recession. Radius only offers 2.05% and Axos a mere 1.3%. A quick survey reveals a handful of places offering 2.25%, and I don’t see anything higher.

Radius:

> Earn up to 2.05% APY on balances of $25,000 & up and meet your savings goals faster. Don’t quite have $25,000? Radius High-Yield Savings still earns 1.50% APY on balances of $2,500 to $24,999.99.

Axos: Up to 1.25% APY. No maintenance fees. No non-sufficient fund fees. No minimum balance requirements.