Explore Bankrate's 2015 High-Yield Checking Survey: The Bank of Fayetteville
The Bank of Fayetteville in Arkansas offers only 1 percent annual percentage yield on its Smart Checking and it is open only to residents of certain counties in Oklahoma and Arkansas. 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 Bank of Fayetteville
Location: Fayetteville, AR
|Default APY %||0.05|
|Monthly debit transactions required||10|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.1|
Smart Checking: Available to residents of Delaware and Adair counties in Oklahoma and Benton, Washington, Carol and Madison counties in Arkansas. 1 direct deposit or automatic payment per month is required. E-statements required. ATM fee refund: Up to $25 per month, if requirements are met. Balance above $15,000 yields 0.1%, 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.