2014 high-yield checking: NorStates Bank
NorStates Bank of Waukegan, Illinois, offers a low annual percentage yield on its High-Yield Checking but has no 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.
Location: Waukegan, IL
|Nationally offered? N||APY: 0.50%||APY if conditions not met: 0.01%||Monthly debit transactions required: 10*||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: None|
- High-Yield Checking: Available only to Illinois and Wisconsin residents.
- Either one direct deposit or automatic payment is required per month. E-statements required monthly.
- *Required transactions must be signature based.
- All foreign ATM fees reimbursed.
*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.