2014 high-yield checking: First Clover Leaf Bank
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? 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|
- 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.