First Clover Leaf Bank in Edwardsville, Illinois, offers My Great Rate Checking, with a slightly below average annual percentage yield. But it is available only to residents of Illinois and Missouri. 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 Clover Leaf Bank

Location: Edwardsville, IL

Nationally offered? APY APY if conditions not met Monthly debit transactions required Bill pay or automatic withdrawal required? Direct deposit required? Balance cap
Nationally offered? N APY: 1.26% 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: $15,000

Notes:

  • My Great Rate Checking: Available only to Illinois and Missouri residents.
  • Either one direct deposit or auto debit and three online bill payments are required per statement cycle, and must receive e-statements.
  • Minimum to open: $25.
  • Balance above $15,000 yields 0.10%, if qualifications are met.
  • ATM refund: Up to $25 per statement cycle, if qualifications 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.

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