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.
|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%.|
|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||0.2%|
*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.