Virginia-based Belvoir Federal Credit Union’s CUXcel Checking has a below-average annual percentage yield with a middling balance cap. Bankrate’s 2016 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.
|Notes: CUXcel Checking: Available to certain groups in Virginia, Maryland and the District of Columbia. *15 debit card purchases and/or electronic bill payments cleared and posted, and 1 direct deposit ($500 minimum) are required per month. Receive e-statements. Log in to BOB (Belvoir Online Banking) or mobile banking monthly. Balance above $15,000 yields 0.05%. ATM refund: Unlimited, if requirements are met.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||15*|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes|
|APY above cap||0.05%|
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.