ASE Credit Union Offers Competitive Kasasa Cash Checking

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Deal Summary: Kasasa Cash Checking, 4.07% APY on qualifying balances up to $30k.

Availability: Residents of 13 Alabama counties.

ASE Credit Union’s (ASE CU) Kasasa Cash Checking account currently earns 4.07% APY on qualifying balances up to $30k. Qualifying balances greater than $30k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.02*%-$30kASE Credit Union (AL)Kasasa Cash Checking
OTHER TIERS: 0.25% $30k+
Rates as of December 3, 2020.

The qualification requirements include,.

  • At least 12 POS debit card purchases per month.
  • At least one Direct Deposit or ACH transaction per month.
  • Be enrolled in and review eStatements.

The Kasasa Cash Checking account has no minimum balance requirement or monthly service fee. A free VISA® debit card will be issued. Nationwide ATM fees will be reimbursed up $25 per month (maximum $4.99 per transaction), if qualifications are met. There is a limit of one account per Social Security number.

Kasasa Saver

The companion Kasasa Saver earns 1.00% APY on qualifying balances up to $100k. Like the Kasasa Cash Checking, the Kasasa Saver’s qualifying balances above $100k earn 0.25% APY, non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$100kASE Credit Union (AL)Kasasa Saver
OTHER TIERS: 0.25% $100k+
Rates as of December 3, 2020.

The Kasasa Brand

For those not familiar with the Kasasa brand, Kasasa Cash is a type of Reward Checking Account (RCA) developed by the Texas company, Kasasa, Ltd. According to the Kasasa website,

Kasasa: the free checking account that rewards each month for doing things you already do.

By performing certain actions valuable to your bank or credit union, like using your debit card or online banking, your institution makes more money, which they share with you in the form of rewards.

In case you were wondering, “Kasasa” is just a made-up word.

In a world where real-life people are too often taken for granted as account numbers,
we didn’t want to be the next [INSERT GENERIC NAME] checking account.

Availability

Headquartered in Montgomery, Alabama, ASE Credit Union’s field of membership (FOM is primarily residency-based, with individuals who live, work, worship, or attend school in the Alabama counties of Autauga, Bullock, Butler, Chilton, Crenshaw, Dallas, Elmore, Lowndes, Macon, Montgomery, Perry, Pike, or Wilcox, eligible to join.

Employees and retirees of the State of Alabama also qualify for membership.

Joining ASE CU and/or opening a Kasasa Cash Checking account can be done online, or at any of nine Alabama branches, located in Clanton, Greenville, Millbrook, Montgomery (3), Prattville, Selma, and Wetumpka.

Opening and maintaining a Membership Share with a $5 minimum deposit is required to establish a new membership.

ASE CU participates in both the CO-OP Shared Branch and ATM networks.

Credit Union Overview

ASE Credit Union has an overall heath grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.46% (excellent) based on September 30, 2019 data. In the past year, ASE CU has increased its total non-brokered deposits by $22.53 million, an excellent annual growth rate. Please refer to our financial overview of ASE Credit Union (NCUA Charter # 64598) for more details.

Established in 1954 as the Alabama State Employees’ Credit Union, ASE Credit Union’s founding members included 15 state employees with $265 in deposits. ASE CU’s first home was in the basement of the Alabama State Capitol building. A community charter was granted in 2001, allowing ASE CU to establish a presence in nine Alabama counties. ASE CU is currently Alabama’s 18th largest credit union, with more than 43,000 members and assets in excess of $311 million.

How the Kasasa Cash Checking Compares

When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $30k, ASE Credit Union’s Kasasa Cash Checking APY currently shares the top spot with Guardian Credit Union's Ultimate Checking APY.

The above rates are accurate as of 3/13/2020.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Birmingham checking accounts, Montgomery checking accounts, reward checking accounts

Comments

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