2014 high-yield checking: MidWest America FCU
MidWest America Federal Credit Union of Fort Wayne, Indiana, earns a slightly better than average annual percentage yield on its Reward Checking account, with a $15,000 balance cap. 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.
MidWest America FCU
Location: Fort Wayne, IN
|Nationally offered? N||APY: 1.66%||APY if conditions not met: 0.03%||Monthly debit transactions required: 10||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $15,000|
- Reward Checking: Available to anyone who lives within 100 miles of a branch in Indiana, Illinois and Kentucky (a $25 donation to ASPCA may be required).
- Either one direct deposit or automatic payment is required per month. Receive monthly e-statements.
- ATM fees reimbursed up to $25 per month.
- Balance above $15,000 yields 0.34%.
*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.