Bank of the Sierra in Porterville, Calif., offers Sierra Reward Checking, with an annual percentage yield on the lower end of the survey. It also requires 12 debit transactions per month. Bankrate’s 2013 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.

City: Porterville, Calif.

Bank of the Sierra

Nationally

offered?

APY APY if

conditions

not met

Monthly

debit

transactions

required

Bill pay or automatic withdrawal required? Direct

deposit

required?

Balance

cap

N 0.89% 0.05% 12 Y* Y* $25,000
Notes: Sierra Reward Checking: Only available to California residents and must be opened online. One direct deposit or automatic payment, and one payment using Sierra BillPay required.

*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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