2014 high-yield checking: First Bank & Trust
First Bank & Trust in Pipestone, Minnesota, offers FREE easyGROW Checking, with a below-average annual percentage yield, but account holders can earn it on a higher-than-average balance. Bankrate's 2014 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.
First Bank & Trust
Location: Pipestone, MN
|Nationally offered? N||APY: 1.01%||APY if conditions not met: 0.05%||Monthly debit transactions required: 10||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $24,999.99|
- FREE easyGROW Checking: Available only to residents of South Dakota, North Dakota, Minnesota, Iowa and Nebraska.
- Either one direct deposit or auto payment per month is required, and must enroll in e-statements.
- Balance above $15,000 yields 0.25%, if requirements are met.
- ATM refund: Unlimited, if requirements are met.
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.