Continental Bank of Plymouth Meeting, Pennsylvania, offers My Choice Interest checking, with a low annual percentage yield, but the account has a high 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.

Continental Bank

Location: Plymouth Meeting, PA

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? Y APY: 0.35% 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: $25,000

Notes:

  • My Choice Interest: Available nationally.
  • Either one monthly direct deposit or e-bill pay is required per month.
  • ATM fees and foreign ATM surcharges reimbursed when requirements are met.
  • Rate for balance above $25,000 is 0.05%.

*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.