Cash-Back Debit Cards vs. High-Yield Checking Accounts. Both cash-back debit cards and high-yield checking accounts offer ways to make money off of your checking account.

For instance, the Serve Cash Back card charges a $9.95 monthly fee, and the basic card charges a $3.95 cash-reloading fee, a $1 transaction fee and a $2.25 ATM withdrawal fee. Pros Potential 1% ...