Kasasa Cash
Kasasa Cash: Free Checking That Pays High Interest
Kasasa Cash is a free checking account that pays you really high 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
- 1.24% Annual Percentage Yield paid on balances up to $50,001 if qualifications are met
- 1.24% – 0.51% APY on balances over $50,001 depending on balance in account*
- 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 settle (excluding ATM transactions)
- Have at least one direct deposit or ACH auto debit post and settle
- 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. APYs accurate as of 5/1/2013. Rates may change after account is opened. Minimum to open is $250. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $50,000 receive APY of 1.24%; and (3) balances over $50,001 earn 0.15% interest rate on the portion of the balance over $50,001, resulting in 1.24% -0.51% APY depending on the balance. If qualifications are not met, all balances earn 0.10% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. ATM transactions and transfers between accounts do not count as qualifying transactions. Direct Deposits include payroll, Social Security, and other government benefits, and tax refunds. Fees may reduce earnings. Limit one account per Social Security Number (SSN).
