CapEd Federal Credit Union in Meridian, Idaho, offers its High Yield Checking account with a high annual percentage yield with a middling 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.

CapEd Federal Credit Union
Notes: High Yield Checking: Available nationally ($20 donation to charity required if you do not meet standard credit union membership requirements). *Either 1 direct deposit or automatic payment required per month. Must enroll in online banking and receive e-statements. ATM fee refund: Up to $25 per month, if requirements met. For ATM fees over $5, receipts must be handed in for reimbursement. Balance above $10,000 yields 0.2%.
Location Meridian, ID
Is it offered nationwide? Yes
APY % 2.5%
Default APY 0.05%
Number of monthly debit transactions required 12
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $10,000
APY above cap 0.2%

*See notes section for more details. canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.

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