Bank of Ruston (LA) Offers Statewide Kasasa Cash Account


Availability: Primary market area is nine northern Louisiana Parishes, but the Kasasa Cash account is available statewide.

In May 2014, Bank of Ruston introduced its Kasasa Cash account. The initial rates (3.00% APY on qualifying balances up to $15k; 0.50% APY on qualifying balances over $15k; 0.05% APY on non-qualifying balances) are still in effect today.

The Kasasa Cash account requires a minimum opening deposit of$100, although there is no minimum balance requirement to earn rewards.

3.00*%-$15kBank of RustonKasasa Cash
Accounts mentioned in this post. Rates as of October 23, 2016.

Kasasa Cash Qualifying Requirements

The qualifying requirements to earn the stated APY are:

  • Have at least 12 check card purchases
  • Be enrolled in and receive e-Statements
  • Have at least one Direct Deposit or ACH payment

Bank of Ruston’s Kasasa Cash has no minimum balance requirement, no monthly fees, and no penalty for not meeting account qualifications. Nationwide ATM fees will be reimbursed up to $25 per month (maximum of $4.99 per single transaction).

And if you miss a qualification cycle, don't worry!
The account is still free and there's no penalty for not qualifying.

Kasasa Saver

Bank of Ruston also has a Kasasa Saver account (1.15% APY on qualifying balances up to $15k; 0.50% on qualifying balances over $15k; non-qualifying balances earn 0.05% APY) that can be linked to the Kasasa Cash account. Interest earned in the Kasasa Cash account is automatically transferred to the Kasasa Saver account each statement cycle. The Kasasa Saver account has no minimum opening deposit, no minimum balance requirement, and no monthly service fees.

1.15*%-$15kBank of RustonKasasa Saver
Accounts mentioned in this post. Rates as of October 23, 2016.


Headquartered in Ruston, the parish seat of Lincoln Parish, Bank of Ruston is primarily a community-oriented bank with a market area that includes Lincoln and Ouachita Parishes, as well as the surrounding parishes of Bienville, Caldwell, Claiborne, Jackson, Morehouse, Richland, and Union.

The Kasasa Cash and Kasasa Saver accounts are available to all residents of Louisiana (U.S. Citizens and Resident Aliens, 18 years or older) through the Bank’s online platform.

Opening a Kasasa Cash or Kasasa Saver can be done online, or at either of two branches, both located in Ruston.

Bank Overview

Bank of Ruston (FDIC Certificate # 29700) has an overall health grade of "A" at, with a Texas ratio of 4.78% (excellent) based on December 31, 2015 data. In the past year, Bank of Ruston has increased its total deposits by $26.94 Million, an excellent annual growth rate of 19.51%. Please refer to our financial overview of Bank of Ruston for more details.

The original Ruston Building and Loan Association was established in 1905, and for the next hundred years played a vital role in Lincoln Parish’s home construction and mortgage venue. In 2005, the name was changed to Bank of Ruston in accordance with organizational type and institution class changes. Both the City’s and Bank’s names are taken from the Lincoln Parish Sheriff, Robert Edwin Russ, who donated 640 acres to the town (Russ Town) in the late 1870s.

How the Kasasa Cash Compares

When compared to the 51 High Yield Reward Checking Accounts tracked by that are available to Louisiana residents, Bank of Ruston’s Kasasa Cash APY currently ranks in the top eight. The following is a sampling of those eight accounts.

The above rates are accurate as of 3/30/2016.

To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.


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