Liberty First Credit Union (NE) Kasasa Cash Has $40k Balance Cap

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Deal Summary: Kasasa Cash, 3.00% APY on qualifying balances up to $40k. Kasasa Saver, 0.75% APY, on qualifying balances up to $100k.

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

The last time I wrote about Liberty First Credit Union’s (Liberty First) Kasasa Cash account in late 2018, the rate had been recently raised from 3.00% APY to 4.00% APY on qualifying balances up to $40k. While the rate fell back to 3.00% APY four months ago, the Kasasa Cash account is still very competitive. Qualifying balances over $40k earn 0.15% APY, with all non-qualifying balances still earning 0.05% APY.

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

The qualifying requirements have remained the same since the Kasasa Cash account was introduced in 2014:

  • 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’s Kasasa Cash has no monthly service fees or minimum balance requirement, 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. While the Kasasa Cash comes with free online banking and bill pay, “a Bill Pay non-usage fee of $4.95 per month will be charged after 2 months of non-use.” There is a limit of one account per Social Security number.

Kasasa Saver Account

Liberty First’s Kasasa Saver account currently earns 0.75% APY on qualifying balances up to $100k; qualifying balances over $100k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.75*%-$100kLiberty First Credit UnionKasasa Saver
OTHER TIERS: 0.15% $100k+
Rates as of October 25, 2020.

The Kasasa Saver account is a companion account to the Kasasa Cash account and can be opened with a $5 minimum deposit. Earned interest on the Kasasa Cash account are automatically transferred to the Kasasa Saver account each month.

Annual Earnings of Combined Kasasa Cash/Saver Accounts

The maximum potential combined annual earnings of the Kasasa Checking (3.00% APY/$40k) and the Kasasa Saver (0.75% APY/$100k) is approximately $1,950 (1.39% APY/$140k).

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,

On an everyday level, Kasasa is free checking that rewards you each month for doing simple things you might already do. "Simple" as in banking basics that actually save you time. Like choosing e-statements over paper statements, or swiping your debit card at checkout instead of writing a check.

Ever wondered where the word “Kasasa” comes from? Its etymology is neither Greek nor Latin.

Put simply, we made it up.
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 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.

The Liberty First 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 and/or opening a Kasasa Cash/Kasasa Saver account can be done online, or at any of five Nebraska branches, located in Lincoln (4) and Seward.

Welcome Back!

Our lobbies are now back open. Please note, local authorities require all individuals
inside a venue to wear a mask. It is our expectation you follow the local guidelines.

Opening a Basic Savings Account ($5 minimum deposit) is required to establish a Liberty First membership.

In addition to participating in the CO-OP Share Branch and ATM networks, Liberty First is also a member of the MoneyPass ATM network.

Credit Overview

Liberty First Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 5.89% (excellent) based on March 31, 2020 data. In the past year, Liberty First CU has increased its total non-brokered deposits by $34.15 million, an excellent annual growth rate of 17.46%. 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 nearly 30,000 members and assets in excess of $313 million.

How the Kasasa Cash Compares

When compared to the eleven High Yield Reward Checking Accounts tracked by DepositAccounts.com, 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 7/30/2020.

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

Comments
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.

The Kasasa Cash was added to the product line in July 2014, with an initial 2.50% APY...

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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.

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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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Competitive Long-Term CD Rates at Liberty First Credit Union in NE - Local Only

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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