Missouri-based Community Bank of Pleasant Hill’s Free Kasasa Cash checking offers a below-average annual percentage yield on a $10,000 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.

Community Bank of Pleasant Hill
Notes: Free Kasasa Cash: Available nationally. *Either 1 direct deposit or automatic payment is required and at least 10 signature-based debit card purchases with a minimum amount of $5 must post and settle each month. E-statements are required. Balance above $10,000 yields 0.2%, if requirements are met. ATM fee refund: Up to 5 transactions per month with a maximum refund of $4.99 per transaction.
Location Pleasant Hill, MO
Is it offered nationwide? Yes
APY % 1.01%
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.

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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