Kasasa Cash

Introducing a whole new kind of checking. This free high interest checking account is turning heads all over Northern Alabama by offering an incredible 2.52% APY* and ATM fee refunds each monthly qualification cycle. Just do simple everyday things designed to make managing your money easier than ever, like banking online, and you'll earn a rate higher than even most CDs. Add on a free Kasasa Saver account and you can get even more.

Kasasa Cash
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Summary
  • 2.52% APY* on balances up to $15,000
  • 0.80% APY* on amount of balance over $15,000
  • 0.05% APY* on entire balance if qualifications are not met
  • ATM fees auto-refunded worldwide
  • No minimum balance or monthly fees to earn rewards
  • Unlimited checking
  • Free Visa® debit card
  • Free online banking and bill pay
  • $100 minimum deposit to open
  • FDIC insured

Get even bigger returns by earning a second high rate of interest on your rewards with a free Kasasa Saver account.


Qualifications:

We may be in Rocket City, but you don't have to be a rocket scientist to qualify for the high interest rate. Actually, it's so easy, you're probably already doing it! Simply do the following:


  • Have at least 10 debit card purchases post and clear each monthly qualification cycle
  • Have at least one recurring direct deposit, ACH auto debit, to post and clear
  • Access online banking once a month
  • Receive eStatements

See how easy that is? And if for some reason you don't qualify in a given monthly qualification cycle, you still get unlimited free checking and even earn our base rate of interest. And you can get the Kasasa rewards back again the very next month!


*APY=Annual Percentage Yield. APYs accurate as of 12/10/2012. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $0.01 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) balances up to $15,000 receive APY of 2.52%; and (2) balances over $15,000 earn 0.80% interest rate on the portion of the balance over $15,000, resulting in 2.52% - 1.03% 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. Transfers between accounts do not count as qualifying transactions. ATM withdrawals 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. If qualifications in Kasasa Cash are met each monthly qualification cycle all balances in Kasasa Saver receive an APY of 0.80%. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Domestic ATM fees incurred during the qualification cycle will be reimbursed up to $4.99 per individual transaction. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later then 30 days after the statement cycle when reimbursement was applicable.