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.
|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.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||10|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|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.