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
APY if conditions not met
Monthly debit transactions required
Bill pay or automatic withdrawal required?
Direct deposit required?
Nationally offered? N
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
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.