Pocatello, Idaho-based Advantage Plus Federal Credit Union offers Free Reward Checking with an annual percentage yield of 2.05% if certain conditions are met. Bankrate’s 2016 High-Yield Checking Survey breaks down the returns you can get with each account and the hoops you’ll have to jump through to get them.
|Notes: *Free Kasasa Cash: Available nationally only if a family member is already a member (and lives in Bannock, Bear Lake, Caribou or Power counties in Idaho). *Have at least 12 debit card purchases post and settle, at least 1 automatic payment, direct deposit or bill pay transaction post and settle. Access online banking. Receive and review e-statements. ATM fee refund: Up to $25 per statement cycle (if requirements are met). ATM receipt must be presented for reimbursement on an individual fee of $5 or higher. Amounts over $15,000: 0.38% (if requirements are met).|
|Is it offered nationwide?||Yes*|
|Number of monthly debit transactions required||12|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.25%|
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.