Hanmi Bank in Los Angeles offers a low annual percentage yield on its Bonus Checking, with a balance cap of $24,999.99. 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.

Hanmi Bank

Location: Los Angeles

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: 0.20% 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: $24,999.99

Notes:

  • Bonus Checking: Available only in California.
  • Either one direct deposit or automatic debit required per month.
  • Must enroll in e-statements.
  • You get 10 ATM refunds of up to $4.99 per month.
  • Balance of $25,000 or more yields 0.07%.

*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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