TIAA Bank's High-Yield Pledge Checking Account is great for those looking for a free, interest-bearing checking account offer with incredible security features, and no hidden fees!
That's right: no overdraft fees, no out-of-network ATM fees, no monthly account maintenance fees, no online or mobile check deposit fees, and New York and Vermont residents even get to enjoy no fees on returned checks!
What's particular about the High-Yield Pledge Checking Account is that TIAA Bank guarantees to ensure the rates on High-Yield Pledge Checking Accounts always remain competitive, based on the Bankrate's index. This means you'll always benefit from the best interest rates currently applied to your account balance, without having ever to shop around for a better offer.
If digital banking is your thing, you'll enjoy all the added security features TIAA Bank offers to its customers, as part of their commitment to ensure user safety on the Web when they access their checking accounts using their computer or mobile devices. Since their mobile app is quite well designed, allowing you to bank on the go whenever you want, you do want to know you can do without any major risks - as long as you stay prudent yourself, of course!
Plus, all your debit card transactions are also protected, thanks to several extra benefits that come included - so, with TIAA, you definitely can bank with confidence!
Checking account details
- Debit card with purchase benefits.
- Online and Mobile Banking, with the TIAA mobile app, and mobile check deposits.
- Mobile Bill Pay, with Google Pay, Apple Pay, and Samsung Pay.
- Yield Pledge promise.
- Free access to all Allpoint and MoneyPass ATMs nationwide.
- Out-of-network ATM fee reimbursements.*
- Free Trusteer Rapport.
- Web Safety Guarantee.
Checking account fees
APY0.15% - 0.40%
Minimum Deposit to Open$100
Out-of-Network ATM Transaction Fee$0*
Out-of-Network ATM Withdrawal Fee$0*
Non-Sufficient Funds Fee$30
Foreign Transaction Feen/a
TIAA Bank Yield Pledge® Checking Account FAQ
In the event other financial institution charges you a fee for using their ATM, TIAA Bank will automatically reimburse you as long as you keep at least $5,000 in your average daily balance that month. If your balance is below $5,000, you will be reimbursed to up to $15 in ATM fees per month.
Only new TIAA Bank Yield Pledge Checking Account (or Money Market Account) customers can benefit from the one-year introductory APY rates
A fixed, one-year introductory APY of 0.40% applies to balances of up to $250,000, while for balances of $250,000.01 to $10,000,000, a blended APY, based on the fixed, one-year introductory APY, and the applicable variable ongoing APY applies (currently 0.40% - 0.25%).
TIAA Bank applies variable APY rates, based on how much you keep in your balance.
At the moment, APY rates are as follows:
1. For balances between $100,000 and $10,000,000: 0.25% ,
2. For balances between $50,000 and $99,999.99: 0.25%,
3. For balances between $25,000 and $49,999.99: 0.20%,
4. For balances between $10,000 - $24,999.99: 0.15%,
5. For balances under $10,000: 0.15%.
If you keep a minimum average daily balance of $5,000+, you'll enjoy unlimited ATM fee reimbursements with your TIAA Bank Yield Pledge Checking Account. Otherwise, TIAA Bank will reimburse you up to $15 for the ATM fees paid at other U.S. ATMs each month.
With its Yield Pledge® promise, TIAA Bank guarantees its customers that they will get high rates on TIAA Bank's high-yield accounts, as the bank will ensure the eligible accounts stay in the Top 5% of Competitive Accounts based on the Bankrate Monitor National Index survey data from the last week of each month.
TIAA Bank's Yield Pledge® promise applies to all TIAA Bank's Yield Pledge Checking Accounts, Yield Pledge Money Market Accounts, and Yield Pledge CDs.
With the TIAA Mobile App, you can bank at your convenience, and perform all the regular banking tasks you can think of, including tracking and managing your accounts, making mobile check deposits, paying bills, making transfers, and sending money with Zelle®.
TIAA Bank provides its customers with free Trusteer Rapport, which is IBM's security software solution that helps prevent identity theft and fraud, so when you access your TIAA Bank account online, you can bank with confidence, knowing there's an extra layer of protection added to ensure security.
TIAA Bank's Web Safety Guarantee provides 100% protection for any funds lost due to unauthorized online use (whether it be monetary transactions made using TIAA Bank's online banking platform, Online Bill Pay or Mobile Banking) or a TIAA Bank mistake (if your funds are misdirected or not transferred at all).
Additionally, if your payments don't arrive by the "deliver by" date shown in the online bill payment calendar, you won't have to worry about any late-bill-payment fees!
However, it is still your responsibility to keep your online access credentials to yourself, and don't share them with anyone. You also need to report any suspicious activity or unauthorized access as soon as you notice them (call TIAA Bank at 1-888-882-3837). Log out every time when you finish online banking, never log in through open networks, etc.
When it comes to online and mobile banking or debit card use, TIAA Bank is quite committed to protecting its customers and ensuring their account safety. To that end, TIAA Bank provides a range of purchase benefits that are automatically included in their debit card offer, and that keep TIAA Bank's customers even more protected.
These benefits are extended warranty protection, identity theft protection, price protection, and return protection.
You can use this tool to find over 80,000 fee-free ATMs that are part of TIAA Bank's ATM network.