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.

Belvoir Federal Credit Union
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.
Location Woodbridge, VA
Is it offered nationwide? No
APY % 1.01%
Default APY 0.05%
Number of monthly debit transactions required 15*
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes
E-statements required? Yes
Balance cap $15,000
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.

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