High-Interest Reward Checking Account Deal for Missouri Residents


3.00*%-$10kHeritage Bank of the OzarksKasasa Cash
OTHER TIERS: 0.25% $10k+
0.75*%-$100kHeritage Bank of the OzarksKasasa Saver
OTHER TIERS: 0.25% $100k+
Rates as of July 17, 2018.

Many of the best reward checking deals are only available in small areas of the country. These are local deals that often require a branch visit. There are a few good deals that are available online to all residents of one or more states. I covered a few of these in this October post. I found another one of these today at Heritage Bank of the Ozarks which has a reward checking account available to Missouri residents. It's called Kasasa Cash, and it has the following rates and features if certain monthly requirements are met (as of 11/18/2011):

  • 3.55% APY up to $25,000
  • 0.55% APY over $25,000
  • 0.15% APY base rate if requirements are not met
  • Unlimited ATM fee refunds nationwide

The bank also offers a companion savings account called Kasasa Saver. It links to the checking account, and it offers the following rates if the Kasasa Cash monthly requirements are met (as of 11/18/2011):

  • 1.25% APY up to $100,000
  • 0.55% APY over $100,000
  • 0.15% APY base rate if requirements are not met

The Kasasa Cash monthly requirements include:

  • 15 debit card purchases
  • one direct deposit or automatic payment
  • Receive and review free paperless e-statements

These are free accounts with no monthly service fees regardless of meeting the monthly requirements. Both accounts require a minimum initial deposit of $100, but there are no minimum balance requirements after they're opened.


The "apply now" button on the Kasasa Cash page links to an online application at Kasasa.com. The first page of the application has the following note regarding eligibility:

To open an account at Heritage Bank of the Ozarks you must reside in Missouri.

New applicants are required to enter in their zip code which is checked to confirm eligibility when the "next" button is pressed. All Missouri zip codes appear to be accepted as of 11/18/2011. It should be noted that this can change in the future. If your Missouri zip code isn't accepted, please leave a comment.

Heritage Bank of the Ozarks Overview

It's a small bank with just one office located in Lebanon, Missouri.

The bank has an overall health score of 4 stars (out of 5) with a Texas Ratio of 18.06% (average) based on June 2011 data. Please refer to our financial overview of Heritage Bank of the Ozarks for more details. The bank has been a FDIC member since 2003 (FDIC Certificate # 57576).

How These Checking & Savings Rates Compare

Any reward checking rate over 3.00% for balances up to $25K is a very good deal these days. The best nationally available rate is 2.53% APY at ABCO Federal Credit Union. As I mentioned above, there are better deals in some states. I reviewed some of these in this October post. One notable reward checking account that's available to Missouri residents is at Southern Bank. It pays 5.01% APY for balances up to $15K (1.01% for above).

Finding Other Reward Checking Accounts

To find the best reward checking accounts in your area or that are available nationwide, please refer to our reward checking account table. Use the "Filter Accounts" button on top of the table to select either nationwide accounts and/or your state. Also, you can use this button to select the investment amount. This allows you to compare accounts with different rate tiers. For more details about how to use the rate tables, please refer to our rate table guide.

Related Pages: Heritage Bank of the Ozarks, Springfield, checking account

Peggy Keefe, Kasasa Social Media Coordinator
Peggy Keefe, Kasasa Social Media Coordinator   |     |   Comment #1
Thanks for the Kasasa mention!

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