Massachusetts-based Cambridge Savings Bank’s SuperSmart Checking has a below-average annual percentage yield, but it can be earned on a higher-than average 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.
Cambridge Savings Bank
Location: Cambridge, MA
APY if conditions not met
Monthly debit transactions required
Bill pay or automatic withdrawal required?
Direct deposit required?
Nationally offered? N
APY if conditions not met: 0%
Monthly debit transactions required: 10
Bill pay or automatic withdrawal required? N
Direct deposit required? Y
Balance cap: $25,000
SuperSmart Checking: Only available to New England residents, depending on where they live or work.
Ten non-ATM debit transactions per month and direct deposit are required.
Balance above $25,000 yields 0.05%, if requirements are met.
ATM refund: Unlimited per statement cycle, regardless of requirements.
No interest is paid for the statement cycle, if requirements aren’t met.