All America Bank in Oklahoma City offers its Ultimate Rewards Checking, with an average percentage yield for this type of account with a below-average balance cap. 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.
Ultimate Rewards Checking: Available nationally. ATM fee refund: Up to $25 per statement cycle (if requirements are met). E-statements required with a valid email address. Balance above $10,000 yields 0.5%, if requirements are met.
|Is it offered nationwide?||Yes|
|Number of monthly debit transactions required||10|
|Is bill pay or automatic withdrawal required?||No|
|Direct deposit required?||No|
|APY above cap||0.5%|
*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.