Earn high interest just for doing a few banking basics — and never pay monthly maintenance fees (no matter what).
- High Interest
- Refunds on ATM Withdrawal Fees*
- No Minimum Balance Requirements
- No Monthly Maintenance Fees
- Free checking that pays high interest
- 1.00% APY* on balances up to $10,000
- 1.00% to 0.23% APY on balances over $10,000 depending on balance in account*
- 0.05% 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
- No minimum balance to earn rewards
- No monthly maintenance fees
- Free digital banking, including:
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free e-statements
- Free Mastercard® debit card
- No minimum deposit to open
It’s Easy to Earn Your Rewards
It's so easy to qualify, you're probably already doing it. 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, or bill pay transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month.
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 and credit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit or credit 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 a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.
"Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions.
"Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, the fourth Thursday in November, or December 25. If January 1, July 4, or December 25 falls on a Sunday, the next Monday is not a Business Day.
"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 $10,000.00 in your Kasasa Cash account earn an interest rate of 0.995% resulting in an APY of 1.00% and daily balances over $10,000.00 earn an interest rate of 0.15% on the portion of the daily balance over $10,000.00, resulting in a range from 1.00% to 0.23% APY depending on the account's daily balance.
You will receive reimbursements up to a maximum of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during the Monthly Qualification Cycle in which you qualified, with ATM fees of $4.99 or less reimbursed up to a maximum of $4.99 per individual transaction.
When your Kasasa Cash qualifications are not met, the interest rate earned on the account's entire daily balance will be
0.049% resulting in a non-compounding annual percentage yield of 0.05% and ATM withdrawal fees are not refunded.
Interest will be credited to your Kasasa Cash account on the last day of the current statement cycle.
Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.
APY = Annual Percentage Yield. APYs accurate as of 07/15/2020.
APY calculations are based on an assumed balance of $10,000.00 + $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.
No minimum deposit is required to open the account.
Monthly Direct Deposit or ACH credit / debit or Bill Pay is a condition of this account.
Enrollment in electronic services (e.g. e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of one (1) account per SSN (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 and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.