Bingham Farms, Michigan-based Main Street Bank’s Kasasa Cash account offers a higher-than-average annual percentage yield 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.

Main Street Bank
Notes: Kasasa Cash: Available nationally. *Either 1 direct deposit or automatic payment is required monthly. ATM fee refunds: Unlimited, if requirements are met. For ATM fees over $4, receipts need to be handed into the branch for reimbursement.
Location Bingham Farms, MI
Is it offered nationwide? Yes
APY % 2.25%
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 $25,000
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.

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