KANZA Bank in Kingman, Kansas, offers a slightly above-average annual percentage yield on its KANZA Rewards Checking, but has a balance cap of only $10,000. 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: KANZA Rewards Checking: Available to Kansas or Oklahoma residents. *Either 1 direct deposit or automatic payment required per month. Must receive e-statements. All ATM fees are reimbursed, if requirements are met. Balance above $10,000 yields 0.5%, if requirements are met.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||12|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.5%|
*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.