Missouri-based Community Bank of Raymore’s Rewards Checking offers both a below-average annual percentage yield and 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: 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 $25 per month with a maximum refund of $4.99 per transaction.|
|Is it offered nationwide?||Yes|
|Number of monthly debit transactions required||10*|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|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.