Amegy Bank in Houston offers Ultimate Rewards Checking with a relatively low annual percentage yield but with a large 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.

Amegy Bank
Notes: Smart Yield Checking: Available nationally. Monthly maintenance fee: $10. Minimum average monthly balance to avoid maintenance fee: $500; *Deposit of payroll, Social Security or retirement benefits, or 2 automatic payments per month are required. Make at least 10 net signature-based transactions with your Amegy debit card every month or $700 monthly net spend with your Amegy personal credit card. Log in to online banking at least once a month. E-statements required with a valid email address. ATM fee refund: 6 free, non-Amegy Bank ATM transactions per statement cycle. Balance above $25,000 yields 0.1%, if qualifications are met.
Location Houston
Is it offered nationwide? Yes
APY % 0.2%
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 $25,000
APY above cap 0.1%

*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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