California-based Provident Credit Union offers a 2.01% annual percentage yield on its Super Reward Checking with a relatively 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: Super Reward Checking: Available to residents living in the credit union’s area or participating companies and union groups. *At least $300 in debit/credit purchases required each month and either 1 direct deposit or automatic payment; e-statements are required. ATM fees refunded up to $2.50 per transaction. Balance above $25,000 yields 0.08%, if requirements are met.|
|Location||Redwood City, CA|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||1*|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.08%|
*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.