2014 high-yield checking: The Bank of Fayetteville
The Bank of Fayetteville in Arkansas offers only a 1 percent annual percentage yield on its Smart Checking and is open only to residents of certain counties in Oklahoma and Arkansas. Bankrate's 2014 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 Bank of Fayetteville
Location: Fayetteville, AR
|Nationally offered? N||APY: 1%||APY if conditions not met: 0.10%||Monthly debit transactions required: 10||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $15,000|
- Smart Checking: Available only to residents of Delaware and Adair counties in Oklahoma and Benton, Washington, Carol and Madison counties in Arkansas.
- Either one direct deposit or automatic payment per month is required. Receive and review e-statements monthly.
- ATM fees reimbursed up to $25 per month.
- Balance above $15,000 yields 0.10%.
*See notes section for more details.
Bankrate.com canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.