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2014 high-yield checking accounts: Capital Bank

Checking » High-Yield Checking » Survey » Capital Bank

Capital Bank in Coral Gables, Florida, offers Smart Checking, with a below-average annual percentage yield that can be earned only on the first $10,000 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.

Capital Bank

Location: Miami

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? NAPY: 0.75%APY if conditions not met: 0.05%Monthly debit transactions required: 10Bill pay or automatic withdrawal required? Y*Direct deposit required? Y*Balance cap: $10,000

Notes:

  • Smart Checking: Available only in Florida, North Carolina, South Carolina and Tennessee.
  • Must open account in a branch.
  • One direct deposit or draft is required per month.
  • Minimum to avoid monthly fee: $1,500.
  • Monthly fee: $12.
  • Balance above $10,000 yields 0.20%, if qualifications are met.
  • ATM refund: Up to $20 per statement cycle, if qualifications are met.

*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.

 

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