Explore Bankrate's 2015 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 2015 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
|Default APY %||0.05|
|Monthly debit transactions required||12|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.25|
OIB Rewards Checking: Available to residents of Louisiana, Texas, Arkansas and Mississippi. Either 1 direct deposit or automatic payment per month is required. E-statements are required. All ATM fees reimbursed, if requirements are met. Balance above $15,000 yields 0.25%.
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.