Buckeye State Bank (OH) Kasasa Cash Earns 3.00% Up To $15k


Deal Summary: Kasasa Cash, 3.00% APY up to $15k; Kasasa Saver, 2.35% APY up to $35k.

Availability: Ohio

The Kasasa brand is part of Buckeye State Bank’s (BSB) product line, including a Free Kasasa Cash Checking account that earns 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.02% APY.

3.00*%-$15kBuckeye State BankKasasa Cash
OTHER TIERS: 0.25% $15k+
Rates as of September 29, 2022.

Qualification Requirements

  • At least 12 monthly debit card purchases.
  • Enrolled in online banking and at least one login per month.

The Kasasa Cash account has no minimum balance requirement or monthly service fee, but does require a minimum $50 opening deposit. Unlimited nationwide ATM fees will be reimbursed, if qualifications are met. (An ATM receipt must be presented for reimbursement of individual fees of $5 or more.) There is a limit of one account per primary account holder’s Social Security number. If the Kasasa Cash account is closed within 180 days of opening, there is $30 early closing fee.

Kasasa Saver

The Kasasa Saver has a surprisingly competitive APY and qualifying balance cap: 2.35% APY, up to $35k. Qualifying balances over $35k earn 0.50% APY, with non-qualifying balances earning 0.02% APY.

2.00*%-$35kBuckeye State BankKasasa Saver
OTHER TIERS: 0.25% $35k+
Rates as of September 29, 2022.

A Kasasa Cash account is required to open a Kasasa Saver account. The Kasasa Saver account has no minimum balance requirement or monthly service fee. Like the Kasasa Cash account, the Kasasa Saver account requires a minimum $50 opening deposit. Kasasa Cash interest earnings are automatically deposited into the Kasasa Saver account within one day of being credited.

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.

Reward Checking - An Alternative To Online Savings Accounts

With interest rates falling, I think it’s important to highlight reward checking accounts including Kasasa Cash accounts that offer an alternative to online savings accounts. They may not be suitable for everyone due to their balance caps and debit card usage requirements, but for some savers, they do offer higher interest rates than what’s available from online savings accounts. History over the last ten years shows that this rate advantage can hold even when the Fed keeps rates near zero.


Headquartered in Powell, Ohio (just north of Columbus), Buckeye State Bank’s physical market area consists of the central Ohio counties of Delaware and Logan, but its Kasasa Cash and Kasasa Saver accounts are available to all Ohio residents through the Bank's online application.

Opening a Kasasa Cash/Kasasa Saver account can be done online or at either of the two full-service Ohio branches located in Powell and DeGraff.

Bank Overview

Buckeye State Bank has an overall heath grade of "B" at DepositAccounts.com, with a Texas Ratio of 1.61% (excellent) based on March 31, 2019 data. In the past year, BSB has increased its total non-brokered deposits by $9.58 million, and excellent annual growth rate of 14.76%. Please refer to our financial overview of Buckeye State Bank (FDIC Certificate # 2286) for more details.

The Buckeye State Bank name was introduced only five years ago, but the Bank’s history stretches back to 1885, when the Citizens Bank of DeGraff was established. While having one of the newest names in banking in Ohio, BSB’s charter is the oldest surviving state bank charter in Ohio. In early 2014, Buckeye Nation Interim (a company composed of local business leaders) purchased Citizens Bank of DeGraff, rebranding as Buckeye State Bank a few months later.

In case you were wondering, the Encyclopaedia Brittanica states that the Ohio buckeye,

is the state tree of Ohio, and the term buckeyes is used to refer to Ohioans in general as well as to the sports teams and players of the Ohio State University. The name refers to the resemblance of the nutlike seed, which has a pale patch on a shiny red-brown surface, to the eye of a deer. Despite their similarity to American chestnuts buckeye seeds are inedible and poisonous.

How the Kasasa Cash Compares

When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that are available in Ohio and have maximum qualifying balances of at least $15k, Buckeye State Bank’s Kasasa Cash APY currently ranks fifth.

The above rates are accurate as of 8/8/2019.

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: Columbus savings accounts, Dayton savings accounts, savings accounts, reward checking accounts


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