Get free interest bearing checking that pays you the 1.51% APY* you deserve…in cash!
Kasasa Cash is a free checking account that puts 1.51% APY* right in your pocket. After all, it's your cash—you should benefit the most from it. This is no teaser rate. Just you getting the most out of your money, every month. Do you Kasasa?
- 1.51% APY* on balances up to $15,000
- 1.51% – 0.41% APY on balances over $15,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- ATM fee refunds nationwide, up to $25 per statement cycle
- No minimum balance to earn rewards
- No monthly service fee
- Free debit card
- Free online banking, bill pay, and eStatements
- Free telephone banking
- Direct deposit available
- FDIC insured
- $100 deposit to open
To make the most of your rewards, set up a free Kasasa Saver account and earn a second rate of return each month!
To get 1.51% APY* and ATM fee refunds, simply do the following each month:
- Have at least 10 debit card purchases post and settle
- Have at least 1 direct deposit or automatic payment (ACH) post and settle
- Be enrolled and receive eStatement notice
If you miss a month, don't worry! You will still enjoy free checking and there's no penalty for not qualifying in a given month. Plus you get a base 0.05% APY* and you get right back to making 1.51% APY* and enjoying ATM refunds the next month you qualify.
*APY=Annual Percentage Yield. APYs accurate as of 06/06/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $100 for Kasasa Saver. For Kasasa Cash, 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 $15,000 receive APY of 1.51%; and (3) balances over $15,000 earn 0.25% interest rate on the portion of the balance over $15,000, resulting in 1.51% - 0.41% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "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. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. Transfers between accounts do not count as qualifying transactions. Limit two accounts per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.