Worthington Federal Bank in Huntsville, Alabama, offers a low annual percentage yield on its Kasasa Cash account, with a balance cap of $15,000. 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.

Worthington Federal Bank

Location: Huntsville, AL

Nationally offered? APY APY if conditions not met Monthly debit transactions required Bill pay or automatic withdrawal required? Direct deposit required? Balance cap
Nationally offered? N APY: 0.99% 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

Notes:

  • Kasasa Cash: Available to residents of northern Alabama within bank’s footprint.
  • Either one direct deposit or automatic payment required per month.
  • Must access online banking once per month and receive e-statements.
  • Foreign ATM fees reimbursed up to $4.99 per transaction.
  • For ATM fees in excess of $5, the receipt must be presented for reimbursement.
  • 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.

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