Kasasa Cash

Kasasa Cash

Take your account to the next level with free checking that pays! With always-free Kasasa Cash® checking, instead of paying us a cent, we pay you in the form of 2.50% APY.*

Not only do you earn more, you save more too. Withdraw funds at ATMs anywhere around the U.S. and enjoy ATM fee reimbursements up to $25 per month*. Why settle for an account that does nothing for you? Don't just bank. Kasasa®.


Summary
  • 2.50% APY* on balances up to $25,000
  • 2.50% – 0.70% APY on balances over $25,000 depending on balance in account*
  • 0.05% APY* if qualifications aren't met
  • Nationwide ATM fee refunds (up to $25 per month)*
  • Can link to high-interest Kasasa Saver® account
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free online banking & bill pay
  • Free eStatements
  • Free MasterCard® debit card
  • Unlimited check writing
  • $25 minimum deposit to open

Qualifications

Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Have at least 1 automatic payment (ACH auto debit only) post and settle

If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.

View our current rates.


*APY=Annual Percentage Yield. APYs accurate as of 05/20/2013. Rates may change after account is opened. Minimum to open is $25 for Kasasa Cash and $1 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 $25,000 receive APY of 2.50%; and (3) balances over $25,000 earn 0.25% interest rate on the portion of the balance over $25,000, resulting in 2.50% - 0.70% 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 one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.