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 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.

Heritage Bank
Notes: eCentive Account: Available nationally. *Either 1 direct deposit or automatic payment per month is required. Must receive e-statements. ATM fee refund: Up to $25 per month, if requirements are met. Balance above $25,000 yields 0.1%, if requirements are met.
Location Spicer, MN
Is it offered nationwide? Yes
APY % 1.26%
Default APY 0.05%
Number of monthly debit transactions required 10
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $25,000
APY above cap 0.1%

*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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