Dover Federal Credit Union Adds Kasasa Cash, 3.25% APY Up To $30k

POSTED ON BY

Deal Summary: Kasasa Cash, 3.25% APY on qualifying balances up to $30k.

Availability: Easy membership requirement; military relationship; 400+ SEGs

Dover Federal Credit Union (Dover Federal) has added the Kasasa brand to its product line and is currently offering a Kasasa Cash account that earns 3.25% APY on qualifying balances up to $30k. Qualifying balances over $30k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.25*%-$30kDover Federal Credit UnionKasasa Cash
OTHER TIERS: 0.25% $30k+
Rates as of July 20, 2019.

Qualifying Requirements

  • At least 12 debit card purchases
  • Be enrolled in and agree to receive eStatements
  • Be enrolled in and log into online banking

The Kasasa Cash account has no minimum opening deposit requirement and no monthly service fee. Nationwide ATM fees will be reimbursed up $25 per month. There is a limit of one Kasasa Cash account per Social Security number.

Kasasa Saver

Dover Federal is also offering a companion Kasasa Saver account, earning 2.00% APY on qualifying balances up to $20k. If qualifications on the Kasasa Cash account are not met, any Kasasa Saver balance will earn 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00%-$20kDover Federal Credit UnionKasasa Saver
Rates as of July 20, 2019.

Availability

Headquartered in Dover, Delaware's capital, Dover Federal Credit Union’s field of membership (FOM) provides a way for almost every U.S. citizen or resident alien to join.

Easy Membership: Individuals who join the Friends of Bombay Hook, a non-profit working in conjunction with Bombay Hook National Wildlife Refuge, qualify for membership in Dover Federal. There are several levels of membership, with an individual membership costing $15.

Note: Out-of-state individuals must join Friends of Bombay Hook (FBH) BEFORE applying to Dover Federal, as you will need to provide proof of FBH membership (membership card). Delaware residents can join FBH and Dover Federal simultaneously, using the Credit Union’s online application.

Military and Uniformed Services: Military personnel of the U.S. Government with duty locations in Delaware, and civilian employees of the U.S. Government working in Kent or Sussex Counties are eligible to join. Other qualifying military relationships are listed on the Become a Memberpage.

Employment: Employees of Bayhealth and Dover Downs (all locations), and employees/members of more than 400 Dover Federal Business Partners qualify for membership.

Family Relationship: Immediate family or household members of eligible individuals also qualify for membership.

Complete details on membership eligibility can be found on the Become a Member page.

Joining Dover Federal can be done online, or in person at any eight Delaware branches located in Dover (3), Dover Air Force Base, Middletown, Milford, New Castle, and Smyrna.

As part of your Dover Federal membership you need to maintain a $5 Primary Share.

The Kasasa Cash account is a new product and has not yet been added to the online application. Opening a Kasasa Cash account can be done either in-branch or over the phone (888.818.3328).

Credit Union Overview

Dover Federal Credit Union has an overall health grade of "B" at DepositAccounts.com, with a Texas Ratio of 9.97% (excellent), based on December 31, 2018 data. Dover Federal has an average capitalization level (9.27%), the result of holding $454.06 million in assets with $42.1 million in equity. Please refer to our financial overview of Dover Federal Credit Union (NCUA Charter # 12443) for more details.

Dover Federal Credit Union was first chartered in 1958 by a group of Air Force and civilian workers at Dover Air Force Base. Currently Delaware’s second largest credit union, Dover FCU has more than 40,400 members and is actively courting new members. In November 2018, Dover Federal’s Community Relations Officer and the Middletown Branch Manager visited Everett Meredith Middle School.

Providing financial literacy to the entire 8th grade class, a total of 306 students, Ms. Yocum and Ms. Seaser led an extensive workshop which covered information about banking, budgeting, saving, credit, and financial planning. The workshop also included a variety of interactive activities and discussions highlighting the importance of determining differences between “wants” and “needs” to assist in better developing a budget in which impulse purchases could be avoided and necessities could be obtained.

How Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available nationwide and have maximum qualifying balances of at least $30k, Dover Federal Credit Union’s Kasasa Cash APY currently ranks second.

The above rates are accurate as of 5/16/2019.

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: Philadelphia savings accounts, Salisbury savings accounts, savings accounts, reward checking accounts, nationwide deals

Comments
Never Trump Republican
Never Trump Republican   |     |   Comment #1
Did not notice the way to select "kasasa" account in the web-form. Not sure if it can be opened via web-site. If they accept via USPS mail then fine, else to go in person in a Delaware branch is impractical for people in far away locations.
Never Trump Republican
Never Trump Republican   |     |   Comment #2
Oh ... noticed comment above that Kasasa can be opened via phone ... will try that.
Never Trump Republican
Never Trump Republican   |     |   Comment #3
To those who've joined Bombay Hook by paying via PayPal ...

Do you get the membership card immediately, or do they mail you?
Never Trump Republican
Never Trump Republican   |     |   Comment #4
I finally joined Dover FCU. It took a while to get Bombay Hook membership card via USPS mail, but after that it was fast.
Dover FCU Celebrates International Credit Union Week With 5-Year CD
Availability: Easy membership requirement for Delaware residents (and possibly others*); military relationship; 400+ SEGs

*Note: Determining the field of membership (FOM) for a credit union is usually a straightforward process, but based on the comments below from many DA readers, Dover Federal’s FOM is not clear cut. If you join Dover Federal, any pertinent information about the FOM you can share would be greatly appreciated.

Since 1948, International Credit Union Day has been celebrated on the third Thursday of October. Dover Federal Credit Union (Dover Federal) has chosen...

Continue Reading
Dover FCU Offers Top Rate 57-Month CD For Only Two Days

UPDATE 6/18/2015: Based on the experience of two DA members (see comments below), it may not be possible to join Dover FCU and fund a CD within the 2-day window.

Availability: Easy membership

For two days only, June 18 and 19, Dover Federal Credit Union (Dover FCU) is offering a 57-month Term Share Certificate (2.57% APY).

The 57-month Term Share Certificate (CD) is part of Dover FCU’s 57th anniversary celebration, and requires a minimum opening deposit of $2.5K with no maximum balance cap.

As stated on Dover FCU’s Truth...

Continue Reading
Top Long-Term CD Rates at Dover Federal Credit Union in Delaware

Dover Federal Credit Union is offering some very competitive long-term CD and IRA CD rates. Minimum deposit is $500 for CDs and $2,000 for the IRA CDs. Below are the best CD rates as listed in the credit union's rates page as of 8/22/2012.

  • 2.25% APY 5-year CD
  • 2.00% APY 4-year CD
  • 1.75% APY 3-year CD
  • 1.60% APY 30-month CD

Credit union membership is open to many US military members based in Delaware. There's also a long list of select groups and organizations. Employees and members of these may also be eligible for credit union...

Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.