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? 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: 0.05% Monthly debit transactions required: 10 Bill pay or automatic withdrawal required? Y* Direct deposit required? Y* Balance cap: $10,000


  • 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. 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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