Top Reward Checking Account in Dallas at Neighborhood Credit Union


2.50*%-$25kNeighborhood Credit UnionKasasa Cash
Accounts mentioned in this post. Rates as of February 27, 2017.

Not only have rates been falling on reward checking accounts, but balance caps have also been falling. There have been some exceptions, and one of those is the Kasasa Cash account at Neighborhood Credit Union. It actually raised the balance cap from $15K to $25K early this year. Both the balance cap and the rate have held, and the account is now a very good deal for those in the Dallas metro area. Below is a summary of the Kasasa Cash account rates and features as of 7/24/2013:

Kasasa Cash rates and ATM fee policy if monthly requirements are met:

  • 2.50% APY on balances up to $25,000
  • 0.35% APY on portion of the balance over $25,000
  • 0.05% APY on entire balance if requirements are not met
  • Nationwide ATM withdrawal fee refunds

Monthly requirements to qualify for the above rates:

  • 10 signature-based debit card purchases
  • one Automatic Payment or Direct Deposit
  • Receive e-statements

Refer to the credit union’s Kasasa Cash page for the latest rates and for the full details. This is a free checking account with no monthly service fee regardless of meeting the above requirements. There’s a limit of one account per household.

For those who don’t plan to maintain a large balance, the credit union’s Kasasa Tunes account may be more interesting. Instead of a high interest rate, this account rewards the account holder with free iTunes downloads and Amazon rewards every month if the debit card usage requirement is met.

Credit Union Membership

Credit union membership is open to those living or working within Dallas County or Ellis County or the City of Arlington. Please refer to the credit union’s How To Join page for more details.

Credit Union Overview

Neighborhood Credit union branches are located throughout the Dallas metro area.

The credit union started out as Dallas Postal Credit Union. It changed to its current name in 2001. The credit union has an overall health score at of 4 stars (out of 5) with a Texas ratio of 11.18% (above average) based on March 2013 data. Please refer to our financial overview of Neighborhood Credit Union for more details. The credit union is federally insured by the NCUA.

How This Reward Checking Account Compares

The best rate in the nation for a $25K cap is 4.00% APY at Southwest Airlines Federal Credit Union. This is also based in Dallas, but membership is primarily limited to Southwest Airline employees and employees of various businesses. There are a few areas of the country with banks and credit unions that offer rates over 3% for balances up to $25K. However, if you don’t live in one of these areas, you’ll have to settle for lower rates.

The best rate that’s nationally available is 2.02% APY for balances up to $25K at ABCO Federal Credit Union. There are higher rates available for smaller balance caps. I reviewed some of these in my recent post, Finding the Best High Interest Reward Checking Account.

The above rates are accurate as of 7/24/2013.

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation, please refer to the reward checking section of To learn more about reward checking, please refer to this reward checking overview.


Anonymous   |     |   Comment #2
I guess the words "in Dallas" in the title are meaningless? Ken always puts a note in the post title if something is nationally available. Reading comprehension fail.
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