2014 high-yield checking: BECU
BECU in Tukwila, Washington, offers Member Advantage Checking, with the highest annual percentage yield, but that rate can be earned only on the first $500 of an account holder's balance. 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: Tukwila, WA
|Nationally offered? N||APY: 4.07%||APY if conditions not met: 0.05%||Monthly debit transactions required: 1*||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $500|
- Advantage Checking Account (must open a Maximum Advantage savings account to become a member of the credit union): Available to Washington state residents, current or former Boeing employees (state specific) or family members.
- Any one direct deposit, debit transaction, online bill pay or transfer of funds between accounts is required per month to qualify for rate.
- Minimum to open: $10.
- Balance above $500 yields 0.05%, if requirements are met.
- ATM refund: NA.
*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.