2014 high-yield checking: BankTexas
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
|Nationally offered? N||APY: 2.25%||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.
*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.