Liberty First Credit Union Hikes Kasasa Cash to 4% APY, Up To $40k


Deal Summary: Kasasa Cash, 4.00% APY on qualifying balances up to $40k.

Availability: Residents of Lancaster and Seward Counties, Nebraska; employees/members of 20 SEGs.

Liberty First Credit Union (Liberty First CU) has increased both the rate and the balance cap on its Kasasa Cash, which now earns 4.00% APY on qualifying balances up to $40k. Qualifying balances over $40k earn 0.15% APY, with all non-qualifying balances still earning 0.05% APY.

3.00%-$40kLiberty First Credit UnionKasasa Cash
Rates as of May 25, 2020.

The Kasasa Cash was added to the product line in July 2014, with an initial 2.50% APY up to $25k. More than a year ago, the rate was raised to 3.00% APY on qualifying balances of $30k.

The qualifying requirements are fairly standard:

  • Have at least 12 check card purchases
  • Have at least one direct deposit or ACH transaction
  • Be enrolled in and log into Online Access
  • Be enrolled in and receive e-Statements

Liberty First CU’s Kasasa Cash has no minimum balance requirement or monthly fees, but does require a $50 minimum opening deposit. Nationwide ATM fees will be reimbursed up to $15 per month, with individual ATM fees of $5 or higher requiring a receipt for reimbursement. There is a limit of one account per Social Security number.

Thanks to the DA reader who emailed me about the Kasasa Cash account changes.

Kasasa Cash Background

Kasasa Cash is a high-yield reward checking account that’s powered by the company Kasasa, LTD. Reward checking has been around for more than 10 years, and they have been a good alternative to internet savings accounts. However, in the last year, reward checking has lost some of its luster as internet savings account rates have risen while most reward checking rates have held steady.

It’s nice to see a reward checking with rate increases comparable to the increases we’ve seen on internet savings accounts. Unfortunately, the narrow field-of-membership limits most DA readers from joining, but this is an encouraging sign that some institutions are able to raise reward checking rates and balance caps in this rising interest rate environment. Hopefully, we’ll see other institutions offering 4% for up to $40k on their reward checking accounts.


Headquartered in Lincoln, Nebraska, Liberty First Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, or attend school in Lancaster or Seward Counties eligible to join.

Individuals who live outside of Lancaster and Seward Counties can join if they are related by blood, marriage, or adoption to current members or membership-eligible individuals.

Liberty First CU’s FOM also includes 20 SEGs whose employees qualify for membership. The largest of these SEGs is the Burlington Northern Santa Fe Railway and its subsidiaries.

Joining Liberty First CU can be done online, or at any of five Nebraska branches, located in Lincoln (4) and Seward. The membership application is also available as a download and can be returned either in person or by fax.

In addition to the new APY and balance cap, the way to open a Kasasa Cash account has changed – online only.

Credit Overview

Liberty First Credit Union has an overall health grade of "A" at, with a Texas Ratio of 7.46% (excellent) based on September 30, 2018 data. In the past year, Liberty First CU has increased its total non-brokered deposits by $12.76 million, an excellent annual growth rate of 7.71%. Please refer to our financial overview of Liberty First Credit Union (NCUA Charter # 63757) for more details.

Liberty First Credit Union was originally founded in 1935 as the Burlington Employees Cooperative Credit Association, for the benefit of the employees of the Chicago, Burlington & Quincy Railroad. Less than 10 years later, the Credit Union converted from a credit association to a credit union. Liberty First CU is currently the fourth largest credit union in Nebraska, with more than 26,000 members and assets in excess of $260 million.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by, which are available within the FOM and have maximum qualifying balances of at least $40k, Liberty First Credit Union’s Kasasa Cash APY currently ranks first.

The above rates are accurate as of 12/31/2018.

Interested in opening a Reward Checking Account? Please refer to our High Yield Reward Checking Account Rates Table page for both nationwide and state-specific accounts.

Related Pages: Lincoln checking accounts, reward checking accounts

Liberty First CU (NE) Introduces 37-Month CD Special
Deal Summary: 37-month CD Special, 2.85% APY, $25k minimum deposit

Availability: Residents of Lancaster and Seward Counties, Nebraska; employees/members of 20 SEGs.

Liberty First Credit Union (Liberty First CU) has added a 37-month CD Special (2.85% APY) to its product line. The minimum deposit is $25k, with no stated balance cap.

The CD Special is also offered as an IRA Special (Traditional, Roth, CESA) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty is 365 days of interest...

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Liberty First Credit Union (NE) Ups Kasasa Cash Rate And Cap
Deal Summary: Kasasa Cash, 3.00% APY, on qualifying balances up to $30k.

Availability: Residents of Lancaster and Seward Counties, Nebraska; employees/members of 20 SEGs.

More than two years ago, Liberty First Credit Union (Liberty First CU) began offering a Kasasa Cash account. Before the Kasasa Cash’s first anniversary, its APY and qualifying balance cap were raised (2.50% APY, up to $25k). Liberty First CU started this week by not only raising the rate (3.00% APY) but increased the balance cap to $30k. Qualifying balances over $30k...

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Liberty First CU (NE) Hikes Rate on Kasasa Cash
Availability: Residents of Lancaster and Seward Counties, Nebraska; Employees of 20 SEGs.

In July 2015, Liberty First Credit Union added a Kasasa Cash account to its product line. Today marks the first rate increase for the Kasasa Cash account, with balances up to $25k now earning 2.50% APY; qualifying balances over $25k currently earn 0.25% APY. Non-qualifying balances earn 0.05% APY.

The Kasasa Cash requires a $50 minimum opening deposit, but there is no minimum balance requirement to earn rewards.

Kasasa Cash Qualifying Requirements

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Liberty First Credit Union is offering several competitive CD and IRA CD rates for terms of 2 to 5 years. The best rates require a $75K minimum. These include a 3.15% APY for 5 years, 2.55% APY for 3 years and 2.00% APY for 2 years. The rates are 10 to 15 basis points lower for a $500 minimum. These rates are listed in the credit union's Share and IRA Certificate rates sheet as of 9/06/2010.

Membership is open to those who live, work, worship, attend school or volunteer in Lancaster...

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The Liberty First Credit Union is offering a 4.70% APY 11-month CD special. The minimum deposit requirement for this rate is $10K. Only a $1K minimum is required for a certificate of deposit with a rate of 4.55% APY.

Liberty First has three branches in Lincoln, Nebraska. The field of membership includes those who live in Lancaster County Nebraska.

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