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2014 high-yield checking: BankGloucester

Checking » High-Yield Checking » Survey » Bank Gloucester

Massachusetts-based BankGloucester's Reward Checking has a midrange annual percentage yield, but account holders can earn it on a higher-than-average account balance. Bankrate's 2014 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.

BankGloucester

Location: Gloucester, MA

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? Y*APY: 1.51%APY if conditions not met: 0.10%Monthly debit transactions required: 10Bill pay or automatic withdrawal required? Y*Direct deposit required? Y*Balance cap: $25,000

Notes:

  • Reward Checking: Available nationally but needs to be opened in branch.
  • Either one direct deposit or automatic payment is required per month.
  • Balance above $25,000 yields 0.25%, if requirements are met.
  • ATM refund: Unlimited, if requirements are met.
  • For ATM fees over $4.99, receipts must be handed in at the branch for reimbursement.

*See notes section for more details.

Bankrate.com canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.

 

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