Liberty National Bank (OK) Offers Rewards Checking Statewide


Deal Summary: Kasasa Cash, 2.25% APY, on qualifying balances up to $35k. Kasasa Cash Back, 4.00% cash back on $250 in monthly debit card purchases.

Availability: Oklahoma

I first wrote about the Kasasa brand products offered by Liberty National Bank (LNB) in 2010. While the Kasasa Cash’s initial 4.11% APY has fallen to 2.25% APY, the qualifying balance cap has increased from $10k to $35k. Qualifying balances over $35k and non-qualifying balances both earn 0.10% APY.

4.00*%-$35kLiberty National Bank (OK)Kasasa Cash
OTHER TIERS: 0.10% $35k+
Rates as of April 23, 2024.

The monthly qualifying requirements have remained unchanged and include,

  • At least 12 debit card purchases
  • At least one ACH credit or ACH payment transaction
  • Enroll in and agree to receive eDocuments

The Kasasa Cash account has no monthly service fee or minimum balance requirement, but does require a minimum $100 opening deposit. Unlimited check writing is available and a free Visa debit card will be issued following account opening. Nationwide ATM fees will be reimbursed up to $12 per month, if the qualifying requirements are met. There is a limit of one Kasasa Cash account per Social Security number and may not be used as a commercial account.

Kasasa Saver

There is no Kasasa Saver account, which is surprising. LNB did offer a Kasasa Saver in 2010; CSR was not able to tell me when the Kasasa Saver account was discontinued. One interesting thing to note about the 2010 Kasasa Saver account was that it had a cap of $25k. The sum of the 2010 Kasasa Cash and Saver caps equals today's Kasasa Cash cap.

Kasasa Cash Back

LNB’s Kasasa Cash Back account earns 4.00% cash back on the first $250 in monthly debit card purchases. If you are planning on maintaining a balance of less than $5,300, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account, as the maximum annual earnings for the Kasasa Cash Back account is $120 ($10 per month).

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,

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.


Headquartered in Lawton, Oklahoma, Liberty National Bank’s primarily market area is the Oklahoma City Metropolitan Area, but according to the online application, the Kasasa brand products are available to all Oklahoma residents.

Up until ten years ago, LNB offered its Kasasa accounts on a nationwide basis. In July 2011, LNB informed its Kasasa account holders that Kasasa accounts would no longer be offered outside of Oklahoma. What didn’t sit well with several DA readers was that LNB decided to convert “current out-of-state accounts to non-Kasasa free checking.” In other words, no grandfathering of existing out-of-state accounts.

Opening Kasasa Cash or Kasasa Cash Back account can be done online, or in person at any of the eight Oklahoma branches located in Apache, Blanchard, Chickasha, Elgin, Lawton (3), and Oklahoma City. There is no mention of any COVD-related branch limitations (appointments, temporary closures, etc.) on LNB’s website.

Bank Overview

Liberty National Bank has an overall health grade of "A" at, with a Texas Ratio of 1.78% (excellent), based on March 31, 2021 data. In the past year, LNB has increased its total non-brokered deposits by $115.82 million, an excellent annual growth rate of 20.65%. Please refer to our financial overview of Liberty National Bank (FDIC Certificate # 11522) for more details.

Liberty National Bank is currently the 28th largest bank headquartered in Oklahoma, with assets in excess of $757 million and more than 19,000 customer accounts. Established in 1902 as the Bank of Elgin by two local businessmen, the Bank was sold only four years later to Wilbert Brunskill, a banker from Iowa who had moved to Elgin. Brunskill sold the Bank in 1908 and then reacquired it in 1914, serving as president and owner for many years. The Liberty National Bank rebrand occurred in 2002, reflecting a growing market area and customer base.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by that are available within the market area and have maximum qualifying balances of at least $35k, Liberty National Bank’s Kasasa Cash APY currently ranks first.

The above rates are accurate as of 6/10/2021.

Looking for the best Reward Checking Account rates, both nationwide and state specific? Please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Wichita Falls checking accounts, Oklahoma City checking accounts, reward checking accounts

High-Yield Reward Checking Account at Liberty National Bank in Oklahoma

Liberty National Bank is offering a high-yield reward checking account and a companion savings account under the Kasasa brand. Like many of the new reward checking accounts, the balance cap is disappointing. However, the high rate and the companion savings account help offset this low cap a little bit. The accounts have the following rates and features as of 11/21/2010:

Kasasa Cash (checking account)

  • 4.11% APY on balances up to $10,000
  • 0.50% APY for balances over $10,000
  • 0.10% base rate if requirements are not met
  • ATM fee refunds unlimited per statement cycle
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