NorStates Bank


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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.

NorStates Bank
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.
Location Waukegan, IL
Is it offered nationwide? Yes
APY % 0.5%
Default APY 0.01%
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 None
APY above cap N/A

*See notes section for more details. canvassed banks, thrifts and credit unions Feb. 16-22, 2016, and displays data on 56 high-yield checking accounts.