What is a bank account that combines checking features with higher interest usually called?

A bank account combining checking features with higher interest is usually called a money market account.

Money market accounts are deposit accounts offered by banks and credit unions. They commonly pay interest and may provide check-writing or debit-card access, though institutions can impose transaction limits, minimum balances, or other conditions.

The name can cause confusion because a money market account is not the same as a money market mutual fund. A bank account is a deposit product, while a mutual fund invests in short-term securities and has different protections and risks.

Terms vary by country and institution. Customers should check withdrawal rules, fees, minimum balances, and deposit-insurance eligibility before comparing these accounts with ordinary savings accounts.