First Tech Federal Credit Union in Mountain View, California, offers Dividend Rewards Checking, with a midrange annual percentage yield and a relatively low account balance to 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.
|Notes: Dividend Rewards Checking: Available nationally. *Either 1 direct deposit or automatic withdrawal is required per month. Balance above $10,000 yields 0.16%, if requirements are met. ATM refund: Unlimited, if requirements are met.|
|Location||Mountain View, CA|
|Is it offered nationwide?||Yes|
|Number of monthly debit transactions required||12|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.16%|
*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.