The latest study from GoBankingRates.com helps consumers identify the best checking accounts available in Phoenix.

“The new year is a great time to re-evaluate your financial strategies,” said Amanda Garcia, finance reporter with GoBankingRates.com. “If you’re looking to boost your finances in 2014 and effectively regulate your spending, consider a high-yield checking account.”

In addition to identifying the highest checking account rates in Phoenix, GoBankingRates.com also compared the average checking account rate in Phoenix with the average rates in Arizona and the United States as a whole.

Although the average Phoenix checking account rate is relatively on par with the state average, both fall far below the national average of 0.26%.

KS State Bank, ranked No. 1 for highest checking account rates in the area, offers a rate more than seven times the national average, with an interest rate of 1.90% APY.

Average Checking Account Rates

> Phoenix: 0.11% APY
> Arizona: 0.12% APY
> United States: 0.26% APY

12 Highest Checking Account Rates in Phoenix

> KS State Bank’s Checking PLUS Account: 1.90% APY
For deposits $100+
> MidFirst Bank’s Gold Tier eChecking Account: 1.21% APY
For deposits between $1 and $19,999
> Meridian Bank’s Premier Checking Bonus Account: 1.00% APY
For deposits between $10,000 and $25,000
> Mutual of Omaha Bank’s Online Advantage Checking Account: 0.50% APY
For deposits between $1,500 and $250,000
> Desert Schools Federal Credit Union’s Desert Fusion Checking Account: 0.20% APY
For deposits $1+
> Washington Federal’s Stellar Checking Account: 0.15% APY
For deposits $10,000+
> Alliance Bank of Arizona’s Elite NOW Checking Account: 0.13% APY
For deposits $10,000+
> Alliance Bank of Arizona’s Personal Premium NOW Checking Account: 0.10% APY
For deposits $10,000+
> Arizona Central Credit Union’s HighStyle Checking Account: 0.10% APY
For deposits between $10,000 and $24,999
> Goldwater Bank’s Checking Account: 0.10% APY
For deposits $5,000+
> Mutual of Omaha Bank’s Advantage Checking Account: 0.10% APY
For deposits between $10,000 and $24,999
> Washington Federal’s Performance Checking Account: 0.10% APY
For deposits $10,000+