First-Lockhart's Kasasa Cash Earns 3.05% APY Up To $25k
While First-Lockhart National Bank (First-Lockhart) has been offering some type of competitive rewards checking account (RCA) for more than ten years, the Kasasa brand has only been a part of the product line for about ten months. The Free Kasasa Cash Checking account currently earns 3.05% on qualifying balances up to $25k; qualifying balances above $25k earn 1.045% APY, with non-qualifying balances earning 0.05% APY.
There are only two qualifying requirements to earned the stated APY.
- At least 15 debit card purchases (minimum $5 each).
- Have at least two direct deposits, ACH credits, or ACH payments.
The Free Kasasa Cash Checking account has no monthly service fee or minimum balance to earn rewards. A $50 minimum opening deposit is required and there is a limit of one account per Social Security Number. If qualifications are met, nationwide ATM fees up to $20 will be reimbursed per statement cycle.
In the past ten years, First-Lockhart has changed its RCA APY three times, with the qualifying balance cap changing twice. The graph below shows how those changes affected the account’s potential earnings.

Free Kasasa Saver
As a companion account to the Free Kasasa Cash Checking, the Free Kasasa Saver currently earns 1.55% APY on qualifying balances up to $100k; qualifying balances above $100k and non-qualifying balances both earn 0.05% APY. The Free Kasasa Saver has no monthly service fee, no minimum balance to earn rewards, and requires a $50 minimum opening deposit.
The Kasasa Brand
If the Kasasa brand is new to you, 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 Lockhart, Texas, First-Lockhart National Bank has a brick-and-mortar presence in Caldwell, Hays, and Travis Counties. All Texas residents, who are U.S. citizens/resident aliens with a valid Social Security Number, can apply for a Free Kasasa Cash Checking account.
Opening a Free Kasasa Cash Checking account can be done online, or in person at any of four full-service Texas branches, located in Austin, Kyle, Lockhart, and San Marcos.
Bank Overview
First-Lockhart National Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.08% (excellent) based on September 30, 2019 data. In the past year, First-Lockhart has increased its total non-brokered deposits by $7.62 million, an excellent annual growth rate of 3.2%. Please refer to our financial overview of First-Lockhart National Bank (FDIC Certificate # 13599) for more details.
When First National Bank of Lockhart opened its doors for business in April 1889, it was the first bank to be organized in Lockhart, Texas. The first Board of Directors included many of the men who played important roles in the development of Lockhart and Caldwell County. In 1934, the Bank merged with Lockhart National Bank, resulting in First-Lockhart National Bank. First-Lockhart is Caldwell County’s largest financial institution, with assets in excess of $274 million.
How the Free Kasasa Cash Checking Compares
When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to all Texas residents and have maximum qualifying balances of at least $25k, First-Lockhart National Bank’s Free Kasasa Cash Checking currently ranks second.
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.
So 1st y'all got 15debits 5min there goes the any interest y'all might of earned that's if you have somewhere around the max amount then you have em changing caps debits your ach's/DD or what have ya.
Y'all might as well just take a 3.0%CD an collect your monthly interest plus your cashback rewards off 1 of your cards.