BTH Bank in Quitman, Texas, offers a Kasasa Cash account with a high annual percentage yield, but that rate can be earned only on the first $7,000 of an account holder’s balance. 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.

BTH Bank
Notes: Kasasa Cash: Available only to Texas residents. Minimum opening deposit: $50. *Either 1 direct deposit or automatic payment is required per month. Balance above $7,000 yields 0.05%, if requirements are met. ATM refund: Up to $25 per month, up to $5 per transaction, if requirements are met.
Location Quitman, TX
Is it offered nationwide? No
APY % 2.25%
Default APY 0.01%
Number of monthly debit transactions required 10
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $7,000
APY above cap 0.05%

*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.

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