Massachusetts-based BankGloucester’s Reward Checking has an annual percentage yield of 1.51% with a high 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.

Notes: Reward Checking: Available to Massachusetts residents only and must be opened at a branch. *Either 1 direct deposit or automatic payment is required per month. Balance above $25,000 yields 0.25%, if requirements are met. ATM fee refund: Unlimited, if requirements are met. For ATM fees over $4.99, receipts must be handed into the branch for reimbursement.
Location Gloucester, MA
Is it offered nationwide? No
APY % 1.51%
Default APY 0.1%
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 0.25%

*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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