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First Bank (FL)0.76%-$25kKasasa Cash
Accounts mentioned in this post. Rates as of August 1, 2014

High-Yield Reward Checking Account at First Bank in Southwest Florida - Local Only

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First Bank (FL)

Update 3/2/11: The top rate has fallen from 3.51% to 2.51% APY.

First Bank is offering a reward checking account called Kasasa Cash. The account offers the following rates and features if certain monthly requirements are met:

  • 2.51% APY on balances up to $25,000
  • 0.51% APY on all amounts above $25,000
  • 0.05% base rate if requirements are not met
  • ATM fee refunds of up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • One direct deposit or ACH auto debit
  • Receive e-statements

Additional rates and features of the account regardless of the monthly requirements include:

  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge

Update 1/20/11: According to the bank rep, Kasasa Cash is available to Florida residents. The online application allows funding from an existing checking or savings account.

Branches are located in the Southwest Florida cities of Clewiston, LaBelle, Fort Myers and Moore Haven.

The bank has been a FDIC member since 1934 (FDIC Certificate # 9620).

Other Reward Checking Accounts

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.

Rate History:

  • 03/02/11: 2.51% APY up to $25K; 0.50% over; 0.05% base
  • 01/04/10: 3.51% APY up to $25K; 0.70% over; 0.15% base
  • 06/17/09: 4.01% APY up to $25K; 0.70% over; 0.25% base (First Rate Checking)

  Tags: checking account, First Bank (FL), reward checking account, Florida

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