Explore Bankrate's 2015 High-Yield Checking Survey: The State Bank of Toledo
Iowa-based State Bank of Toledo offers less than 1 percent annual percentage yield on its Hometown Green Checking, but it has a high balance cap. 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.
The State Bank of Toledo
Location: Toledo, IA
|Default APY %||0.15|
|Monthly debit transactions required||10|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.15|
Hometown Green Checking: Available nationally. 1 direct deposit or automatic payment per month is required. Must log in to online banking once per month and sign up for e-statements. ATM fee refund: Up to $25 per month, if requirements are met. Balance above $25,000 earns 0.15%, if requirements are met.
*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.