Avidia Bank in Hudson, Massachusetts, offers eChecking, with an annual percentage yield of 1.06%. 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.

Avidia Bank
Notes: eChecking: Available to Massachusetts residents only. Must open account online. Must sign up for e-statements, enroll in free Internet banking and sign in at least once a month. *At least 1 recurring automatic transaction, such as direct deposit or automatic bill payment, is required each month. Amounts over $25,000 yield 0.05%, if requirements are met. ATM fee refund: Up to $10 per statement cycle, if requirements are met.
Location Hudson, MA
Is it offered nationwide? No
APY % 1.06%
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 0.05%

*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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