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

Today's Rates

Interesting Checking Rates
If your balance is: Interest rate: APY*
$0-$1,499.99 0.25% 0.25%
$1,500-$9,999.99 0.25% 0.25%
$10,000-$24,999.99 0.46% 0.46%
$25,000-$99,999.99 0.61% 0.61%
$100,000 and above 0.71% 0.71%

*Annual Percentage Yield

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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.

  • Fee-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 retailers. Enjoy shopping perks, and quick checkout with our Mobile Wallet. Plus, get enhanced security with chip technology.

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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 category 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 with TIAA Direct (or with EverBank, or in accounts with both). 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 $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 with TIAA Direct or EverBank (divisions of the same bank—TIAA, FSB) and a Certificate of Deposit at another bank, your savings account and CD 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.

    Pay to the order of...

    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?
    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
    How can I make a deposit
    Interest Checking  Yes  Yes  Yes  Yes  Yes
    High Yield Savings  Yes  Yes  Yes  Yes  Yes
    Money Market Account  Yes  Yes  Yes  Yes  Yes
  • 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?