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.
|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|
|Number of monthly debit transactions required||12|
|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.