Finex CU in East Hartford, Connecticut, offers Rewards Checking, with a well below-average annual percentage yield, but the APY can be higher if the account holder has a loan relationship. 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: Rewards Checking: Available to residents of Hartfort and Tolland counties in Connecticut. *Either 1 direct deposit or online bill payment is required per month. E-statements required. 1.51% APY for CU members with loan relationship. Monthly fee: $10 if requirements aren’t met. Balance above $25,000 yields 0.1% for both relationship and non-relationship accounts, if requirements are met. ATM refund: Up to $3 per item, $15 per cycle, if requirements are met. Bill Pay: $3 per month if not used.|
|Location||East Hartford, CT|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||12|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.1%|
*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.