Liberty Bank in Alton, Illinois, near St. Louis, requires 1 direct deposit or automatic payment per month on its Kasasa Cash account, with a balance cap of $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: Kasasa Cash: Account must be opened at a branch. *Either 1 direct deposit or automatic payment is required monthly. E-statements required. ATM fee refunds: Up to $20 per month, if requirements are met. Balance above $10,000 yields 0.3%, if requirements are met.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||15|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.3%|
*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.