Sutton Bank of Attica, Ohio, offers 1.26% annual percentage yield on its Free Rewards Checking, but it 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: Free Rewards Checking: Available to Ohio residents. *1 direct deposit or automatic payment per month is required. ATM fee refund: Up to $5 per transaction, if requirements are met. Balance above $25,000 yields 0.5%, if requirements are met.|
|Is it offered nationwide?||No|
|Number of monthly debit transactions required||11|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||0.5%|
*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.