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.
|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.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||15|
|Is bill pay or automatic withdrawal required?||No|
|Direct deposit required?||Yes*|
|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.