Premier Valley Bank of Fresno, California, offers a low 0.31% annual percentage yield on its Premier Rewards Checking account but has a high balance cap. Bankrate’s 2016 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.

Premier Valley Bank
Notes: Premier Rewards Checking: Available to local residents. *Either 1 direct deposit or automatic payment per month is required. Must receive e-statements and log in to online banking once per month. All ATM fees refunded, if requirements are met. Balance above $25,000 yields 0.07%, if requirements are met.
Location Fresno, CA
Is it offered nationwide? No
APY % 0.31%
Default APY 0.02%
Number of monthly debit transactions required 10
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $25,000
APY above cap 0.07%

*See notes section for more details.

Bankrate.com canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.

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