Explore Bankrate's 2015 High-Yield Checking Survey: Farmers Bank & Trust
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
|Default APY %||0.05|
|Monthly debit transactions required||10|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.4|
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.
Bankrate.com canvassed banks, thrifts and credit unions from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.