NorStates Bank of Waukegan, Illinois, offers a low percent annual percentage yield on its High-Yield Checking but has no 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.
|Notes: High-Yield Checking: Available nationally. *Either 1 direct deposit or automatic payments required per month. E-statements required. *Required transactions must be signature-based. All ATM fees are refunded, if requirements are met.|
|Is it offered nationwide?||Yes|
|Number of monthly debit transactions required||10*|
|Is bill pay or automatic withdrawal required?||Yes*|
|Direct deposit required?||Yes*|
|APY above cap||N/A|
*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.