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Reward Checking & Savings Rate Cuts At Bankfirst Financial Services

Tuesday, October 23, 2012 - 1:31 PMBankFirst Financial Services - Details
Sorry to see these rate cuts:

Kasasa Cash (reward checking):
  • 1.50% APY up to $50K [was 2.00%]
  • 0.25% APY over $50K [was 0.50%]
  • 0.10% APY on entire balance if requirements are not met [no change]
Kasasa Saver (reward savings):
  • 0.75% APY up to $50K [was 1.00% up to $50K]
  • 0.25% APY over $50K [was 0.50%]
  • 0.05% APY on entire balance if requirements are not met [no change]
The Kasasa Cash account APY had been at 2% since September 2010.

Note, BankFirst Financial Services is one of the few banks that offers the reward checking and savings account nationwide. Also, it's the only nationwide reward checking account that still has a $50K balance cap. I had thought this reward checking account might be under pressure for a rate or balance cap cut due to these factors.
2
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,632
1. Saturday, May 4, 2013 - 7:40 AM
Rate cuts effective 5/1/13 on this nationwide reward account.    At least the $50k balance cap continues to hold.  

Kasasa Cash (reward checking):
  • 1.24% APY up to $50K [was 1.50%]
  • 0.15% APY over $50K [was 0.25%]
  • 0.10% APY on entire balance if requirements are not met [no change]
Kasasa Saver is unchanged. 
2
pearlbrownpearlbrown1,469 posts since
Nov 2, 2010
Rep Points: 6,378
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