NorthCountry Federal Credit Union (NorthCounty FCU) has a Kasasa Cash checking account that earns 2.01% APY on qualifying balances up to $10k; qualifying balances over $10k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.
NorthCountry FCU has been offering the Kasasa Cash account for almost three years, and is promoting it as an upgrade to its regular checking account holders.
If you don’t meet the qualifications, your account functions like a regular free account. You won’t earn rewards, but you won’t pay a penalty either, and you can try again the following month.
Kasasa Cash Qualifying Requirements
The qualifying requirements to earn the stated APY are:
- Have at least 15 Debit Card purchases
- Be enrolled in and receive e-Statements
- Be enrolled and log into online banking
NorthCountry FCU’s Kasasa Cash has no minimum balance requirement, no monthly fees, and no penalty for not meeting account qualificiations.
Headquartered in South Burlington, NorthCountry Federal Credit Union offers membership to individuals who live, work, worships, or attends school in the northern Vermont counties of Addison, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans and Washington.
Joining NorthCountry FCU and/or opening a Kasasa Cash account can be done online, or at any of nine Vermont branches located in Alburgh, Barre, Burlington, Colchester, East Montpelier, Lyndonville, Newport, Orleans, and South Burlington.
NorthCountry FCU is a member of the Co-Op Shared Branch network, allowing members to "walk in to any of our 3,500 partner credit union locations nationwide and it's just like doing business here at home!"
Credit Union Overview
NorthCountry Federal Credit Union (NCUA Charter # 24312) has an overall health grade of "B+" at DepositAccounts.com, with a Texas ratio of 10.51% (excellent) based on December 31, 2015 data. In the past year, NorthCounty FCU has increased its total deposits by $26.61 Million, an excellent annual growth rate of 6.61%. Please refer to our financial overview of NorthCountry Federal Credit Union for more details.
NorthCountry Federal Credit Union was chartered in 1950 as the General Electric (Burlington) Employees' Federal Credit Union. The original Credit Union only served employees of G.E. and their families from a small office located within the G.E. plant, which could only be accessed with an escort. In the late 80s, G.E. was affected by defense budget cutbacks and the Credit Union recognized the need to expand its field of membership. NorthCountry FCU came into being in 1993, following a change in charter and the acquisition of two other Vermont credit union. Today, NorthCountry FCU is Vermont's 3rd largest credit union, with more than 36,700 members and assets in excess of $484 Million.
How the Kasasa Cash Compares
When compared to the 39 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available to Vermont residents, NorthCountry Federal Credit Union’s Kasasa Cash APY currently ranks in the top nine. The following is a sampling of those nine accounts.
The above rates are accurate as of 3/22/2016.
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.