City National Bank in Taylor, Texas, offers Kasasa Cash, with a below-average annual percentage yield and a low balance cap. 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.

City National Bank
Notes: Kasasa Cash: Available in all states except Florida, California, New York and Pennsylvania. Minimum opening deposit: $100. *Direct deposit, ATM deposit or mobile check deposit required monthly. Interest is paid on entire balance. E-statements with a valid email address required. ATM fee refund: Up to $25 per month, if qualifications are met. Refund capped at $4.99 per transaction.
Location Taylor, TX
Is it offered nationwide? No
APY % 1%
Default APY 0.01%
Number of monthly debit transactions required 15
Is bill pay or automatic withdrawal required? No
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $10,000
APY above cap 0.05%

*See notes section for more details.

Bankrate.com canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.

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