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2014 high-yield checking: NorStates Bank

Checking » High-Yield Checking » Survey » 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.

NorStates Bank

Location: Waukegan, IL

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? NAPY: 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

Notes:

  • 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.

 

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