2014 high-yield checking: Heritage Bank
Heritage Bank in Spicer, Minnesota, offers a below-average annual percentage yield on its eCentive Account, with a high balance cap of $25,000. 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.
Location: Spicer, MN
|Nationally offered? Y||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: $25,000|
- eCentive Account: Available nationally.
- Either one direct deposit or automatic payment per month required; must receive e-statements.
- ATM fees reimbursed up to $25 per month.
- Balance above $25,000 earns 0.10%.
*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.