Founders Bank is offering a reward checking account called Kasasa Cash. The account offers the following rates and features if certain monthly requirements are met:
- 5.01% APY on balances up to $10,000
- 2.25% on balances over $10,000
- 0.05% base rate if qualifications are not met
- Refunds all ATM fees nationwide
- 10 debit card purchases
- One direct deposit or automatic payment
- Access online banking
- Receive e-statements
- $100 minimum initial deposit
- No minimum balance requirement
- No monthly service charge
- Free Online Bill Pay
Founders Bank is located in Sugar Land, Texas. The bank has been FDIC insured since 2007 (FDIC Certificate # 58710).
Thanks to the reader who emailed me info on this bank.
Other Reward Checking Accounts
The $10K balance cap for the top rate is low for reward checking accounts. However, the rates (for both below and above this cap) are better than average.
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.