Ouachita Independent Bank in Monroe, Louisiana, offers a 3.01% annual percentage yield on its OIB Reward Checking with a middling 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.

Ouachita Independent Bank
Notes: *OIB Rewards Checking: Available nationally, but must be opened in person. *Either 1 direct deposit or automatic payment per month is required. E-statements are required. All ATM fees reimbursed, if requirements are met. Balance above $15,000 yields 0.25%.
Location Monroe, LA
Is it offered nationwide? Yes*
APY % 3.01%
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 $15,000
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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