Royal Banks of Missouri offers 1.85% annual percentage yield on its Majestic Checking, but it’s available only in Missouri. 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.

Royal Banks of Missouri
Notes: Majestic Checking: Available in Missouri. *1 direct deposit or automatic payment per month is required. Debit transactions must be at least $5 and be signature-based. ATM fee refund: Up to $25 per month, if requirements are met. Balance of $25,000 or more yields 0.4%, if requirements are met.
Location University, MO
Is it offered nationwide? No
APY % 1.85%
Default APY 0.15%
Number of monthly debit transactions required 12*
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $24,999.99
APY above cap 0.4%

*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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