2014 high-yield checking: Ouachita Independent Bank

Checking » High-Yield Checking » Survey » Ouachita Independent Bank

Ouachita Independent Bank in Monroe, Louisiana, offers a 3.01 percent annual percentage yield on its OIB Reward Checking, but it's available only in Louisiana, Texas, Arkansas and Mississippi. 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.

Ouachita Independent Bank

Location: Monroe, LA

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? NAPY: 3.01%APY if conditions not met: 0.05%Monthly debit transactions required: 12Bill pay or automatic withdrawal required? Y*Direct deposit required? Y*Balance cap: $15,000


  • OIB Rewards Checking: Available only to residents of Louisiana, Texas, Arkansas and Mississippi.
  • Either one direct deposit or automatic payment required monthly.
  • Must receive e-statements.
  • All foreign ATM fees reimbursed.
  • Balance above $15,000 yields 0.25%.

*See notes section for more details. 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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