The Provident Bank of Jersey City, New Jersey, offers only 1% annual percentage yield on its Provident Green Checking on a balance cap of only $1,000. 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.

The Provident Bank (Green Checking)
Notes: Provident Green Checking: Nationally available. Online statements required. Balance above $1,000 earns 0.15%. ATM fee refund: Up to $10 per month.
Location Jersey City, NJ
Is it offered nationwide? Yes
APY % 1%
Default APY 0.15%
Number of monthly debit transactions required 0
Is bill pay or automatic withdrawal required? No
Direct deposit required? No
E-statements required? Yes
Balance cap $1,000
APY above cap 0.15%

 

The Provident Bank of Jersey City, New Jersey, offers 1.51% annual percentage yield on its Provident Smart 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.

The Provident Bank (Smart Checking)
Notes: Provident Smart Checking: Available to New Jersey and Pennsylvania residents. *1 direct deposit or automatic payment per month is required. E-statements required. Debit transactions must be signature-based. All ATM fees reimbursed if requirements are met. Balance of $15,000 to $25,000 yields 0.5%, if requirements are met. Balance above $25,000 yields 0.15%.
Location Jersey City, NJ
Is it offered nationwide? No
APY % 1.51%
Default APY 0.05%
Number of monthly debit transactions required 10*
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $15,000
APY above cap 0.5%

*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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