Which banks are currently providing the highest interest rate on checking accounts ?

Checking accounts pay considerably less interest than savings or money market accounts. Many checking accounts pay no interest. You should consider opening both at the same bank so that you can keep the money in your mma and transfer it (up to 6 times per month), when you need it. Some MMA will let you write up to six checks per month.

Go online to Ing and check out their orange accounts. They typically require a low initial deposit, low minimum balance, and no fees.

Check bankrate.com. They will rank the accounts by apy, fees, minimum deposit, etc.