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

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: 0.75% 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.

*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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