Kasasa Cash
Kasasa Cash: Free Checking That Pays Massive Interest
Kasasa Cash is a free checking account that pays you massive interest in cash every month. There's also no minimum balance to earn rewards, no monthly service charge and you get nationwide ATM fee refunds. But most importantly, you get paid cash. No short-term offers and no hidden fees. After all, it's your money so you should benefit the most from it.
- Summary
- 2.00% Annual Percentage Yield paid on balances up to $50,000 if qualifications are met
- 0.10% APY* if qualifications are not met
- ATM fee refunds nationwide** (up to $25 per monthly qualification cycle)
- No minimum balance to earn rewards
- No monthly service fees
- Free e-statements
- Free online banking with bill pay and FinanceWorks
- Unlimited account transactions
- Free BankFirst Debit Card
- Free Text and Mobile Banking
- 24-hour telephone banking
- Overdraft options available
- Direct deposit available
- No NSF fee charged if overdrawn balance $30 or less
- Minimum to open account is $250
- FDIC insured
Qualifications:
To earn the reward rate and ATM fee refunds each monthly qualification cycle, simply do the following:
- Have at least 10 debit card purchases post and clear (excluding ATM transactions)
- Have at least one direct deposit or ACH auto debit†post and clear
- Receive monthly e-statements
If for some reason you don't qualify one cycle, don't worry--you still get a checking account with no service fees and earn our base rate of interest. And you can get the rewards back the very next qualification cycle!
*APY=Annual Percentage Yield. Minimum to open account is $250. APYs are accurate as of 4/30/2012. Balances up to $50,000 receive an APY of 2.00% if qualifications are met each qualification cycle. Balances above $50,000 receive an interest rate of 0.50% on the portion of the balance above $50,000 if qualifications are met each qualification cycle. As a result, the APY for balances above $50,000 will range from 2.00% - 1.00% if qualifications are met each qualification cycle, depending on the balance in the account. If qualifications are not met, the APY will be 0.10% on all balances. The qualification cycle is not the same as your monthly statement cycle. Qualifying transactions must be point of sale transactions and must post and clear the account during the qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to an account. **ATM transactions and transfers between your accounts with us do not count as qualifying transactions. Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Contact us for more information about the qualification cycle. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. ATM fee reimbursements up to $25 per statement cycle provided only if qualifications are met within the qualification cycle.
†Direct Deposits include payroll, Social Security, and other government benefits, and tax refunds. Rates may change after the account is opened. Fees may reduce earnings. Limit one account per household (SSN).
