Great Lakes Credit Union in North Chicago offers Ultimate Checking with an annual percentage yield of 3% and a relatively low account balance to earn it. 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.

Great Lakes Credit Union
Notes: Ultimate Checking: Available nationally. *For the 3% APY: 10 debit card purchases per month totaling $100 or more (signature purchases only, no returns, PIN or ATM). $500 direct deposit, 10 debit card purchases and e-statements are required monthly. Pay 1 bill per month through bill pay or log in to mobile banking once per month. $500 direct deposit or 5 debit card purchases in a statement cycle; account holder gets no interest, monthly fee or minimum balance requirement. Monthly fee: $5 if none of the above requirements are met. Balance above $10,000 yields 0.05%, if requirements are met. ATM refund: $5 max per statement cycle if requirements are met.
Location North Chicago, IL
Is it offered nationwide? Yes
APY % 3%
Default APY 0%
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 $10,000
APY above cap 0.05%

*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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