Explore Bankrate's 2015 High-Yield Checking Survey: Farmers Bank & Trust

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Farmers Bank & Trust in Magnolia, Arkansas, offers True Rewards checking, with an above-average annual percentage yield, but is open only to residents of seven states. 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.

Farmers Bank & Trust

Location: Magnolia, AR

Nationally offered?N
APY %2.01
Default APY %0.05
Monthly debit transactions required10
Bill pay or automatic withdrawal required?Y*
Direct deposit required?Y*
E-statements required?Y
Balance cap$25,000
APY % above cap0.4
True Rewards: Available to residents of Arkansas, Texas, Louisiana, Mississippi, Tennessee, Missouri and Oklahoma. Either 1 direct deposit or automatic payment is required per month. Must enroll and receive e-statements, and access online banking. Balance above $25,000 yields 0.4%, if requirements are met. ATM fee refund: Up to $25 per statement cycle, if requirements are met.

*See notes section for more details. canvassed banks, thrifts and credit unions from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.


Bankrate's 2015 High-Yield Checking Survey You can earn a good return on high-yield checking -- if you can meet the requirements.
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