West Texas National Bank of Midland, Texas, offers a low annual percentage yield on its Ultimate Checking, with a high balance cap. 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.

West Texas National Bank
Notes: Ultimate Checking: Available nationally. *1 direct deposit, 1 debit card payment or 1 bill payment is required. Must log in to online banking once a month and receive e-statements. ATM fee refund: Up to $20 per month, if requirements are met. Balance above $25,000 yields 0.25%, if requirements are met.
Location Midland, TX
Is it offered nationwide? Yes
APY % 0.5%
Default APY 0.1%
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 $25,000
APY above cap 0.25%

*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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