2014 high-yield checking: Jeff Davis Bank
Jeff Davis Bank in Jennings, Louisiana, offers a solid 3.25 percent annual percentage yield, but it is available only in Louisiana and southeast Texas. 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.
Jeff Davis Bank
Location: Jennings, LA
|Nationally offered? N||APY: 3.25%||APY if conditions not met: 0.10%||Monthly debit transactions required: 10||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $10,000|
- Kasasa Cash: Available only in Louisiana and southeast Texas counties of Jefferson, Orange, Jasper and Newton.
- Either one direct deposit or auto payment per month required; must receive e-statements and access online banking monthly.
- All ATM fees refunded (limited to $5 per transaction).
- Balance above $10,000 yields 0.25%.
*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.