Lee County Bank & Trust in Fort Madison, Iowa, offers only a 1.1% annual percentage yield on The Big Account, and it’s available only in Iowa, Illinois and Missouri. 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: The Big Account: Available to Iowa, Illinois and Missouri residents. *Either 1 direct deposit or automatic payment. E-statements and access of online banking are required monthly. ATM fee refund: Up $25 per month and $5 per transaction, if requirements are met. Balance above $15,000 yields 0.1%, if requirements are met.|
|Location||Fort Madison, IA|
|Is it offered nationwide?||No|
|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.