First Security Bank & Trust of Charles City, Iowa, offers Kasasa Cash, with a below-average annual percentage yield and a below average balance that can earn it. 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.

First Security Bank & Trust
Notes: Kasasa Cash: Available nationally. *Either 1 direct deposit or online bill payment is required per month. Balance above $15,000 yields 0.2%, if requirements are met. ATM fee refund: Up to $25 per statement cycle, if requirements are met.
Location Charles City, IA
Is it offered nationwide? Yes
APY % 1.05%
Default APY 0.05%
Number of monthly debit transactions required 15
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $15,000
APY above cap 0.2%

*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.

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