Community National Bank (KS) Offers Kasasa Brand Statewide

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Deal Summary: Kasasa Cash, 2.00% APY on qualifying balances up to $20k. Kasasa Saver, 1.00% APY on qualifying balances up to $20k.

Availability: Kansas

Kasasa brand products have been offered by Community National Bank for nearly four years. The Kasasa Cash’s initial 2.00% APY on qualifying balances up to $20k is still in effect. Qualifying balances over $20k earn 0.20% APY, with non-qualify balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00*%-$20kCommunity National Bank (KS)Kasasa Cash Checking
OTHER TIERS: 0.20% $20k+
Rates as of May 14, 2021.

The monthly qualification requirements are straightforward and fairly standard.

  • At least 15 debit card purchases
  • At least one direct deposit or ACH auto debit transaction
  • Be enrolled in and agree to receive e-Statements
  • Log into online banking at least once per statement cycle

The Kasasa Cash account has no minimum balance requirement or monthly service fee, but does require a $100 minimum opening deposit. Unlimited check writing is available and a free debit card will be issued following account opening. Unlimited nationwide ATM fees will be reimbursed up to $25 (maximum $4.99 per transaction) each month, if qualification requirements are met. (Reimbursements of individual ATM fees of $5.00 or higher require a receipt.) There is a limit of one Kasasa Cash account per Social Security number.

Kasasa Saver

The Kasasa Saver currently earns 1.00% APY on qualifying balances up to $20k. Qualifying balances over $20k earn 0.20% APY, with non-qualify balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$20kCommunity National Bank (KS)Kasasa Saver
OTHER TIERS: 0.20% $20k+
Rates as of May 14, 2021.

Kasasa Cash/Kasasa Cash Back earned rewards and ATM reimbursements are automatically transferred to a linked Kasasa Saver account each month. Like the Kasasa Cash account, the Kasasa Saver has no minimum balance requirement or monthly service fee, and requires a $100 minimum opening deposit. There is a limit of one Kasasa Saver account per Social Security number.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash (2.00% APY/$20k) and the Kasasa Saver (1.00% APY/$20k) is approximately $600 (1.50% APY/$40k).

Kasasa Cash Back

Community National Bank’s Kasasa Cash Back account earns 2.00% cash back on debit card purchases, limited to the first $400 in monthly debit card purchases. If you are planning on maintaining a balance of less than $4,800, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account, as 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: 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 Seneca, Kansas, Community National Bank's brick-and-mortar footprint is limited to three Kansas counties (Brown, Leavenworth, and Nemaha), but according to CSR, the Kasasa brand products are offered to all Kansas residents.

Opening a Kasasa Cash Checking, Kasasa Cash Back, and/or Kasasa Saver account can be done online, or at any of four Kansas branches located in Basehor, Sabetha, Seneca, and Tonganoxie. There is no mention of any COVID-related branch restrictions (limited hours, appointments, temporary closures, etc.) on CNB’s website.

Bank Overview

Community National Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 9.37% (excellent) based on December 31, 2020 data. In the past year, CNB increased its total non-brokered deposits by $53.5 million, an excellent annual growth rate of 12.51%. Please refer to our financial overview of Community National Bank (FDIC Certificate # 25665) for more details.

Founded in 1984, Community National Bank is a locally-owned and operated community bank. In addition to offering retail banking services, CNB also operates a mortgage company and CNB Custody, a national custodial service for self-directed retirement plans. Currently the 26th largest bank headquartered in Kansas, CNB has assets in excess of $547 million and nearly 49,000 customer accounts.

How the Kasasa Cash Compares

When compared to High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to all Kansas residents and have maximum qualifying balances of at least $20k, Community National Bank’s Kasasa Cash APY ranks fifth.

Interest RateAccount NameCredit Union/Bank
3.30% APYVertical Checking ($20k max)Evansville Teacher Federal Credit Union
3.00% APYKasasa Cash Checking ($20k max)First Bank (KS)
2.25% APYAdvantage Checking ($25k max)Presidential Bank
2.01% APYKasasa Cash ($25k max)Old Missouri Bank
2.00% APYKasasa Cash ($20k max)Community National Bank

The above information and rates are accurate as of 4/16/2021.

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: Topeka savings accounts, Kansas City savings accounts, savings accounts

Comments
4.05% Reward Checking Account at Community National Bank in Kansas - Local Only

Update 11/22/09: The top rate has fallen to 4.05% APY. Refer to the bottom of the post for the rate history.

Community National Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:

  • 4.05% APY on balances up to $25,000
  • 1.01% APY on balances over $25,000
  • 0.25% base rate if qualifications are not met
  • Refunds all ATM fees nationwide

The monthly requirements include:

  • 10 check card purchases
  • One direct deposit or one automatic payment
  • Receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $100 minimum initial deposit
  • No minimum...


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