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Checking Account Bank of the Sierra
Checking » High-Yield Checking » Survey » Bank of the Sierra
High-Yield Checking Bank of the Sierra |
| Nationally offered? | APY | Default APY | Debit transactions required? | Bill pay or withdrawal option? | Direct deposit required? | Balance cap |
| N | 1.27% | 0.12% | 12 | Y | Y | $25,000 |
| Notes: Sierra Reward Checking -- Only available in California; either one direct deposit or ACH auto payment and one payment using BillPay. |
Note: ACH, short for "automatic clearinghouse," is the system used by U.S. banks to process a wide range of financial transactions, including automatic bill payment and direct deposit.
Bankrate.com surveyed 158 banks, thrifts and credit unions from April 11 to April 18 and has displayed data on 57 high-yield checking accounts offered by those institutions.