BankVista (MN) Offers Rate-Leading Kasasa Cash Statewide


Deal Summary: Kasasa Cash, 6.00% APY on qualifying balances up to $25k. Kasasa Saver, 4.00% APY on qualifying balances up to $25k.

Availability: All Minnesota residents.

BankVista has nearly doubled the rate on its Kasasa Cash account: 6.00% APY on qualifying balances up to $25k. Qualifying balances above $25k earn 1.25% APY (higher than the typical secondary rate), with non-qualifying balances earning 0.25% APY.

6.00%-$25kBankVistaKasasa Cash
Rates as of March 4, 2024.

This is the third blog post I’ve written this month about a reward checking account (RCA) with a 6% APY for balances up to $25k. With several online savings accounts offering 5.25%+ APYs, the 6% APY is needed to make the RCA worth the effort for many savers who are primarily concerned with maximizing interest earnings. It should be noted that most online-only banks have low rates on their checking accounts. So if you keep a sizable balance in a low-rate checking account, you could benefit from a reward checking account like BankVista’s Kasasa Cash account.

Qualifying Requirements

The Kasasa Cash and Kasasa Cash Back qualifying requirements to earn the stated APYs are quite easy to fulfill (no direct deposit of ACH transaction required).

  • At least 10 debit card purchases per qualifying cycle.
  • Be enrolled in and agree to receive eStatements.
  • Be enrolled in and log into online banking at least once per qualifying cycle.

The Kasasa Cash account has no monthly service fee or minimum balance to earn rewards, but does require a $50 minimum opening deposit. Interest is credited to the Kasasa Cash account on the last day of the current statement cycle. ATM fees will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if a supporting ATM receipt is presented. A free Master® debit card will be issued following account opening. There is a limit of one Kasasa Cash account per Social Security number and is required to have a companion Kasasa Saver account.

Kasasa Saver

The Kasasa Saver account currently earns 4.00% APY on qualifying balances up to $25k. Qualifying balances above $25k earn 1.25% APY, with non-qualifying balances earning 0.25% APY.

4.00%-$25kBankVistaKasasa Saver
Rates as of March 4, 2024.

Earned rewards from the Kasasa Cash account are automatically transferred each month to the Kasasa Saver. There is no monthly service fee or minimum balance required to earn rewards, but a $50 minimum opening deposit is required. There is a limit of one Kasasa Saver account per Social Security number.

Annual Earnings of Combined Kasasa Cash Checking/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash Checking (6.00% APY/$25k) and the Kasasa Saver (4.00% APY/$25k) is approximately $2,500 (5.00% APY/$50k).

Kasasa Cash Back

The BankVista Kasasa Cash Back account currently earns 2.00% cash back on debit card purchases, limited to the first $400 in monthly debit card purchases. The maximum annual earnings for the Kasasa Cash Back account is $96 ($8 per month).

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 is an award-winning financial technology and marketing services company that provides reward checking accounts consumers love, the first ever loan with take-backs™, and ongoing expert consulting services to community financial institutions.

In 2003, a small group of Kasasa's founders set up shop in an old school building in Taylor, Texas. Their mission: to develop, market, and consult on software products for community banks in Central Texas. Their original REWARDChecking® account would play a pivotal role in the future of the company.

Today, Kasasa provides the community banking industry with world-class marketing, dedicated resources, and innovative products. These products include Kasasa Rewards Accounts, our free checking product suite, which delivers controlled growth through new accounts, non-interest income, increased profitability, and long-term retention. We’ve also developed the award-winning Kasasa Loan®, the only loan that lets borrowers pay extra to get ahead...and take back any extra if they need it.

Availability and Account Opening

Headquartered in Sartell, Minnesota (about 65 miles NW of Minneapolis), BankVista offers its Kasasa brand products to U.S. citizens/resident aliens (18 years or older) who live in Minnesota and have a valid Social Security number.

Opening a Kasasa Cash, Kasasa Cash Back, and or Kasasa Saver account can be done online or at any of three full-service Minnesota branches, located in Chaska, Mankato, and Sartell.

Credit Union Overview

BankVista has an overall health grade of "A" at, with a Texas Ratio of 8.64% (excellent), based on September 30, 2023 data. In the past year, Bank Vista has increased its non-brokered deposits by $29.53 million, an excellent annual growth rate of 7.45% APY. Please refer to our financial overview of BankVista (FDIC Certificate # 35406) for more details.

Established in 2000, BankVista markets itself as a “vital, independent community bank.” Currently the 40th largest bank headquartered in Minnesota, BankVista has assets in excess of $554 million and nearly 10,000 customer accounts. According to the Small Business Administration Loan page,

BankVista is pleased to announce that for the 8th consecutive year we have been named a (2023) Minnesota SBA Lender of the Year by the US Small Business Administration's Minnesota District office! We take pride in assisting businesses with SBA loans and other solutions that they need to survive, grow, and thrive. […]

As a Preferred SBA Lender, at BankVista we work with the U.S. Small Business Administration offering these special loan programs. If your business can't qualify for traditional lending, talk to a BankVista commercial lender who can go over additional options with you.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by, that are available nationwide and have maximum qualifying balances of at least $25k, no bank or credit union has a higher APY than currently offered on the BankVista Kasasa Cash account.

The above rates are accurate as of 12/12/2023.

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: Minneapolis checking accounts, Mankato checking accounts, reward checking accounts

  |     |   Comment #1
Again, why is superior credit unions 7% rewards checking is not on your comparing list?
  |     |   Comment #2
The following is just a guess, but when I type "Superior Credit" into the search box, the first 3 FIs that come up are all in "Rates for Superior Choice Credit Union are currently being reviewed." status. Possibly that prevents them from being listed in the comparison list until the review is finished?

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