Jeff Davis Bank in Jennings, Louisiana, offers a solid 3.25% annual percentage yield on its ZydeCash Checking account, but it is available only in Louisiana and southeast Texas. 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: ZydeCash Checking: Available in Louisiana and the southeast Texas counties of Jefferson, Orange, Jasper and Newton. *Either 1 direct deposit or automatic payment per month required. Must receive e-statements and access online banking monthly. All ATM fees refunded (limited to $5 per transaction), if requirements are met. Balance above $10,000 yields 0.25%, if requirements are met.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||10|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.25%|
*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.