The Bank of Fayetteville in Arkansas offers only 1% annual percentage yield on its Smart Checking and it is open only to residents of certain counties in Oklahoma and Arkansas. 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.

The Bank of Fayetteville
Notes: 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.
Location Fayetteville, AR
Is it offered nationwide? No
APY % 1%
Default APY 0.05%
Number of monthly debit transactions required 10
Is bill pay or automatic withdrawal required? Yes*
Direct deposit required? Yes*
E-statements required? Yes
Balance cap $15,000
APY above cap 0.1%

*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.

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