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
The qualifying requirements to earn the stated APY are:
- Have at least 12 check card purchases
- Be enrolled in and log into Online Access
- Be enrolled in and receive e-Statements
- Have at least one Direct Deposit or ACH transaction
Liberty First CU’s Kasasa Cash has no minimum balance requirement, no monthly fees, and no penalty for not meeting account qualifications. Nationwide ATM fees will be reimbursed up to $25 per month, with individual ATM fees of $5 or higher requiring a receipt for reimbursement.
If you don’t qualify for your rewards for the month, there’s no penalty fee. Your Kasasa checking account is always free, and you can get back to earning your rewards the very next month.
Liberty First CU also has a Kasasa Saver account that earns 0.35% APY on balances up to $25k, with balances over $25k earning 0.25% APY. Interest earned in the Kasasa Cash account is automatically transferred to the Kasasa Saver account each statement cycle. The Kasasa Saver account has a $5 minimum opening deposit, but there is no minimum balance requirement or monthly service fees.
Headquartered in Lincoln (Nebraska’s capital city), Liberty First Credit Union’s field of membership (FOM) is primarily a residency-based, with individuals who live, work, worship, attend school, or volunteer in Lancaster or Seward Counties eligible to join.
Those outside the Lancaster and Seward Counties borders can join if they are related by blood, marriage, or adoption to current members or eligible non-members.
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.
Opening a Kasasa Cash or Kasasa Saver account can be done either online or in person at any branch location.
Credit Union Overview
Liberty First Credit Union (NCUA Charter # 63757) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 7.33% (excellent) based on December 31, 2015 data. In the past year, Liberty First CU has increased its total deposits by $16.76 Million, an excellent annual growth rate of 11.89%. Please refer to our financial overview of Liberty First Credit Union for more details.
Liberty First Credit Union began 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. Today, Liberty First CU has more than 21,400 members and assets in excess of $204 Million.
How the Kasasa Cash Compares
When compared to the 48 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available to residents in the Lincoln, Nebraska area, Liberty First Credit Union’s Kasasa Cash account currently ranks in the top seven. The following is a sampling of those seven accounts.
The above rates are accurate as of 4/11/2016.
To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.