2014 high-yield checking: The Provident Bank Smart Checking
The Provident Bank of Jersey City, New Jersey, offers 1.51 percent annual percentage yield on its Provident Smart Checking, with a middling balance cap. 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 Provident Bank
Location: Jersey City, NJ
|Nationally offered? N||APY: 1.51%||APY if conditions not met: 0.05%||Monthly debit transactions required: 10||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $15,000|
- Provident Smart Checking: Available only in New Jersey.
- Either one direct deposit or automatic payment per month is required. E-statements required.
- All ATM fees reimbursed if qualifications are met.
- Balance above $15,000 yields 0.50%.
*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.