checking
Checking Account The Bank of Fayetteville
Checking » High-Yield Checking » Survey » The Bank of Fayetteville
High-Yield Checking The Bank of Fayetteville |
| Nationally offered? | APY | Default APY | Debit transactions required? | Bill pay or withdrawal option? | Direct deposit required? | Balance cap |
| Y* | 2.05% | 0.05% | 10 | Y | Y | $25,000 |
| Notes: Smart Checking -- *Available nationally, but documents need to be signed in a branch (Arkansas); either one direct deposit or automatic payment. |
Note: ACH, short for "automatic clearinghouse," is the system used by U.S. banks to process a wide range of financial transactions, including automatic bill payment and direct deposit.
Bankrate.com surveyed 158 banks, thrifts and credit unions from April 11 to April 18 and has displayed data on 57 high-yield checking accounts offered by those institutions.