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.
|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.|
|Is it offered nationwide?||Yes|
|Number of monthly debit transactions required||10|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|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.