Explore Bankrate's 2015 High-Yield Checking Survey: Capital Bank
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 2015 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.
|Default APY %||0.05|
|Monthly debit transactions required||10|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.2|
Smart Checking: Available in Florida, North Carolina, South Carolina and Tennessee. Must open account in a branch. 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.
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.