Citizens Community Federal Bank in Altoona, Wisconsin, offers Freedom Rewards Checking, with an annual percentage yield of 2% and a high 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.

Citizens Community Federal Bank
Notes: Freedom Rewards Checking: Available to Wisconsin, Michigan and Minnesota residents. Must be enrolled and log into online banking and enroll and receive e-statements. ATM fee refund: Up to $20 per month and $4.99 per transaction, if requirements are met. Balance above $25,000 yields 0.4%.
Location Altoona, WI
Is it offered nationwide? No
APY % 2%
Default APY 0.03%
Number of monthly debit transactions required 15
Is bill pay or automatic withdrawal required? No
Direct deposit required? No
E-statements required? Yes
Balance cap $20,000
APY above cap 0.4%

*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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