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.

Liberty Bank
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.
Location Alton, IL
Is it offered nationwide? No
APY % 1.01%
Default APY 0.03%
Number of monthly debit transactions required 15
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $10,000
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.

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