Capital Bank in Miami 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 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.

Capital Bank
Notes: Smart Checking: Available in Florida, North Carolina, South Carolina and Tennessee. Must open account in a branch; minimum opening deposit: $100. *1 direct deposit or automatic payment is required per month. Minimum to avoid monthly fee: $1,500. Monthly fee: $12. Balance above $10,000 yields 0.2%, if requirements are met. ATM fee refund: Up to $20 per statement cycle, if requirements are met.
Location Miami
Is it offered nationwide? No
APY % 0.75%
Default APY 0.05%
Number of monthly debit transactions required 10
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $10,000
APY above cap 0.2%

*See notes section for more details. canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.

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