Alabama-based American Bank of Huntsville offers its Kasasa Cash account with an annual percentage yield of 0.99% and a balance cap of $15,000. 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.

American Bank of Huntsville
Notes: Kasasa Cash: Available to residents of northern Alabama within bank’s footprint. Minimum opening deposit: $100. *Either 1 direct deposit or automatic payment required per month. Must access online banking once a month and receive e-statements. ATM fee refund: Up to $4.99 per transaction. For ATM fees in excess of $5, the receipt must be presented for reimbursement. Balance above $15,000 yields 0.25%.
Location Huntsville, AL
Is it offered nationwide? No
APY % 0.99%
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 0.25%

*See notes section for more details. canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.

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