2014 high-yield checking: Westfield Bank
Westfield Bank in Westfield Center, west of Akron, Ohio, offers 2.01 percent annual percentage yield on its Dream Big 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.
Location: Westfield Center, OH
|Nationally offered? N||APY: 2.01%||APY if conditions not met: 0.05%||Monthly debit transactions required: 12||Bill pay or automatic withdrawal required? Y*||Direct deposit required? Y*||Balance cap: $15,000|
- Dream Big Checking: Available only to Ohio residents.
- Either one direct deposit or auto payment required per month.
- Enroll in online banking.
- Balance above $15,000 yields 0.25%.
*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.