BankTexas in Quitman, Texas, offers a Kasasa Cash checking account with an above-average annual percentage yield, but it can be opened only by Texas residents. 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.
Location: Quitman, TX
APY if conditions not met
Monthly debit transactions required
Bill pay or automatic withdrawal required?
Direct deposit required?
Nationally offered? N
APY if conditions not met: 0.01%
Monthly debit transactions required: 10
Bill pay or automatic withdrawal required? Y*
Direct deposit required? Y*
Balance cap: $7,000
Kasasa Cash: Only available to Texas residents.
Either one direct deposit or automatic payment is required per month.
Minimum to open: $50.
Balance above $7,000 yields 0.05%, if requirements are met.