An Ally Interest Checking Account offers you plenty of benefits, including a cash-back program, no minimum deposit, no monthly maintenance fees, and no ATM fees at over 400,000 ATMs nationwide. Another major feature: The account earns you a highly competitive interest rate.

At an Annual Percentage Yield (APY) of 0.75 percent* – Ally’s current rate for balances of $15,000 or more – a $20,000 balance maintained for a year would earn interest estimated at $150.00. (Checking account deposits under $15,000 earn 0.40 percent interest.) You can estimate your own interest earnings on any amount with Ally’s interest calculator.

With its highly competitive interest rates and other major benefits, Ally proves that a checking account can do the same kind of heavy lifting as other bank accounts.

*Accurate as of July 20, 2012. Rate is variable and may change after the account is opened. No minimum deposit to open. Fees may reduce earnings.

What features do you look for in a checking account? Do you consider checking account interest rates when you shop for a checking account?