Expect more from your checking with this free account that pays you in cash.
- High Interest
- No Monthly Maintenance Fee
- Refunds on ATM Withdrawal Fees*
- Digital Banking
- Free checking that pays high interest
- 1.25% APY* on balances up to $50,000
- 1.00% to 0.48% APY on balances over $50,000 depending on balance in account*
- 0.01% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- Link to free Kasasa Saver® to build savings automatically
- Add Kasasa Protect® for comprehensive fraud protection*
- No minimum balance to earn rewards
- No monthly maintenance fees
- Free digital banking services, including:
- Online banking & bill pay
- Mobile banking with mobile deposit
- And more
- $50 minimum deposit to open
Please note that receiving e-statements is a condition of having this account.
Earning cash is simple and easy.
Just do a few banking activities that will save you time in the day. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH payment, ACH credit, or bill pay transaction
- At least 12 debit card purchases
And if you don’t meet these qualifications, your account is still free.
Plus, you’ll earn our base interest rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means the current statement cycle.
"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account.
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000 in your Kasasa Cash account earn an interest rate of 1.24% resulting in an APY of 1.25%; and daily balances over $50,000 earn an interest rate of 0.10% on the portion of the daily balance over $50,000 resulting in a range from 1.25% to 0.48% APY depending on the account's daily balance.
When your Kasasa Cash qualifications are not met, the interest rate earned on the account's entire daily balance will be 0.01% resulting in a non-compounding annual percentage yield of 0.01%.
Interest will be credited to your Kasasa Cash account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 8/31/2020.
APY calculations are based on an assumed balance of $50,000 + $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$50.00 minimum deposit is required to open the account.
Monthly eStatements are a condition of this account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of 1 account per social security number.
There are no recurring monthly maintenance charges or fees to open or close this account.
This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.
Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Kasasa Cash is a trademark of Kasasa, Ltd., registered in the U.S.A.