Interest Checking

Let the account you use to pay bills start earning its keep.

$0no monthly
maintenance fee

$0no minimum

opening deposit

What you get

  • Interest on your checking balance
  • Access to free ATMs nationwide1
  • Debit Card
  • Free first order of checks
  • Free Bill Pay Services
  • The security of FDIC insurance

Today's Rates

Interesting Checking Rates
If your balance is: Interest rate: APY*
$0-$1,499.99 0.05% 0.05%
$1,500-$9,999.99 0.10% 0.10%
$10,000-$24,999.99 0.10% 0.10%
$25,000-$99,999.99 0.15% 0.15%
$100,000 and above 0.15% 0.15%

*Annual Percentage Yield

Start banking with TIAA Direct.

What you can do

  • Bags of Dollars Money Bag Icon

    Bank at any time with Online Banking and Mobile Banking.

  • Pay Bills

    Pay bills and receive online versions of your paper bills with our free eBills service.

  • Banking Arrow iconTransfer Money Icon

    Transfer money between TIAA Direct and your accounts at other U.S. banks.

  • Overdraft ProtectionOverdraft Protection Icon

    Use your savings or money market account to provide Overdraft Protection for Interest Checking.

  • Mobile to Deposit ChecksDeposit checks icon

    Deposit checks on an iPhone® or iPad®, or with an AndroidTM phone or tablet.

  • Banking Alert iconAlerts icon

    Set up Alerts on checking activities like deposits and payments.

  • Banking ATM CashFee-free ATMs Icon

    Get cash at ATMs nationwide — FREE1

  • Get cash backGet cash back

    Use your debit card to make purchases and get cash back at participating merchant locations.

Start banking with us today.
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    How much of my deposits are insured?

    The standard amount of FDIC insurance is at least $250,000 per depositor at each insured bank. However, if you deposit money into different ownership categories—such as single and joint accounts— your deposits in each are insured separately. As a result, it’s possible for you to have deposits exceeding $250,000 in one bank and still be fully insured by the FDIC.

    For example, let’s say that Sam and Sue have $1 million deposited at TIAA Direct. To make sure that the entire amount is FDIC-insured, they could each open a single account and deposit $250,000. Sam and Sue could also open a joint account and deposit a total of $500,000; as co-owners, they would each own half of the balance, or $250,000. The table below shows how doing this would fully insure your $1 million in deposits.

    Account Owner Balance Sam's Share Sue's Share Total FDIC Insurance
    Single Sam $250,000 $250,000 $0 $250,000
    Single Sue $250,000 $0 $250,000 $250,000
    Joint Sam & Sue $500,000 $250,000 $250,000 $500,000
    TOTAL   $1,000,000 $500,000 $500,000 $1,000,000
    Understanding FDIC Insurance Example Table

    FYI: To calculate your coverage, use the FDIC’s Electronic Deposit Insurance Estimator .

    FYI: Deposits you have in one FDIC-insured bank are insured separately from your deposits in another insured bank. For example, if you have a savings account at TIAA Direct and a Certificate of Deposit at another bank, your deposits at each are insured separately for at least $250,000.

  • How much of my deposits are insured?
  • What’s required to open an account?

    To apply for an account, you must:

    • Be a U.S. citizen or permanent resident and at least 18 years old
    • Have a Social Security number
    • Provide the account and routing numbers of the account you want to use to fund your new TIAA Direct® account. You can find these numbers on a check or deposit slip. See the sample check below.

    paper check

    Note: If the account you’re using to fund your new TIAA Direct account doesn’t feature check writing, please call your other bank to obtain their routing number.


    • If you’re a U.S. citizen living abroad, you can open an account as long as you have a permanent U.S. address.
    • If this is a joint account, you both must be U.S. citizens or permanent resident aliens, at least 18 years old, with a:
      • U.S. mailing address
      • Social Security number

    During the process, you'll each need to answer a few questions and create your own user ID and password.

    If your co-applicant isn't there, open a single account instead. When you're both available,  call us to add the other person to your account.

  • What’s required to open an account?
  • What’s a routing number?

    It’s a 9-digit number that the American Bankers Association (ABA) assigns to U.S. banks, and it’s used for routing transfers and other transactions. A bank’s routing number is always in the lower left corner of a check. See the sample check below.

    paper check

    Note: If the account you’re using to fund your new TIAA Direct account doesn’t feature check writing, please call your other bank to obtain their routing number.

    FYI: The routing number for TIAA Direct is 081086700.

  • What’s a routing number?
  • How can I make deposits?
    How can I make a deposit
    Make deposits to these TIAA Direct accounts via: Internal Transfers from TIAA Direct accounts External Transfers from non-TIAA Direct accounts Remote Deposits Mail-in Checks Wire Transfers
    Interest Checking          
    High Yield Savings          
    Money Market Account          
  • How can I make deposits?
  • What should I expect after opening an account?

    Seven to 10 days after opening your account, you’ll receive your:

    • Welcome Kit. This includes important information about your account; personalized deposit slips for each account you’ve opened; a prepaid envelope (if your initial deposit will be by check); and a Signature Card (if you opened your account by phone).
    • Debit or ATM Card. You'll receive a TIAA Direct® debit or ATM card if you opened an Interest Checking, High Yield Savings or Money Market account. (ATM cards aren’t issued for CDs.)

    After funding your account, you’ll also receive a free set of starter checks, if you opened an Interest Checking or Money Market Account. If you opened a CD, you’ll get a letter confirming the term, balance, and the rate in effect when your CD was funded.

    FYI: To find nearby ATMs, use our ATM Locator .

  • What should I expect after opening an account?