Do checking accounts earn interest?

[Thor]

Simple question: do checking accounts earn interest, or is that only for savings accounts? If some checking accounts do earn interest, how does that typically work? Are there minimum balance requirements or special conditions?

 

[dominic]

While most standard checking accounts do not earn interest, "High-Yield Checking Accounts" do. These accounts are often offered by online banks or credit unions and require users to meet certain criteria, such as a minimum number of debit card transactions or a monthly direct deposit. While the rates are generally lower than savings accounts, they provide a way to earn a small return on daily spending money.