What is a high-rate checking account? Last Modified Thursday July 23, 2015 A high-rate checking account pays you a dividend, while a regular checking account does not. Most banks require very high balances to pay you a respectable dividend – sometimes as much as $15,000. Even if you keep a low balance with Alliant High-Rate Checking, you can earn interest rates that are better than many CD rates offered by banks! Alliant’s High-Rate Checking Account is one of the best rewards of your membership. Plus, it’s automatic when you qualify, so you don’t have to sign up. Go to your Alliant Online Banking Account page and get qualified for High-Rate Checking: Opt in to receive free eStatements rather than paper statements. Have at least one monthly electronic deposit to your Alliant High-Rate Checking Account. Direct deposits, ATM deposits, mobile deposits, and transfers from another financial institution all count. Learn more.