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? APY APY if conditions not met Monthly debit transactions required Bill pay or automatic withdrawal required? Direct deposit required? Balance cap
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. 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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