Bank offering 9.01% APY, but beware of the twist

TLDR: Farmers Savings Bank in Iowa is offering a 9.01% APY on balances up to $4,000 for customers who open a Star Checking account. To earn the high APY, customers must meet monthly requirements, including making at least 15 purchases with their linked debit card. The account has no monthly fees or minimum balance requirements, but it can only be opened in person at one of the bank’s four branches. Other high-yield checking accounts that can be opened online and offer competitive APYs include Consumers Credit Union Rewards Checking, Connexus Credit Union Xtraordinary Checking, Axos Bank Rewards Checking, and Quontic Bank High Interest Checking. Additionally, customers can consider high-yield savings accounts that offer high APYs, such as the Milli Savings Account, Bask Interest Savings Account, SoFi Checking and Savings Account, and Wealthfront Cash Account.