Two months ago, OakStar Bank introduced a new Kasasa Cash account that earns 3.01% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.
Kasasa Cash Qualifying Requirements
- At least 12 debit card purchases post and settle.
- At least one ACH Direct Deposit or auto debit payment post and settle.
- Be enrolled in and receive eStatements.
The Kasasa Cash account has no minimum balance requirement or monthly service fees, and requires a minimum $25 deposit to open. Nationwide ATM fees will be reimbursed up to $25 per monthly qualification cycle. A Kasasa Cash account is required to have a Kasasa Saver account.
The Kasasa Saver account earns 1.00% APY on qualifying balances up to $50k. Qualifying balances over $5k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. Kasasa Cash earned rewards and ATM fee reimbursements are automatically transferred to the Kasasa Saver account.
Headquartered in Springfield, Missouri, OakStar Bank is a locally-owned, community bank with a market area situated in Southwestern Missouri.
The Bank recently expanded its footprint by offering its Kasasa Cash and Kasasa Saver accounts to the residents of Missouri, Kansas, and Arkansas.
OakStar Bank (FDIC Certificate # 58115) has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.88% (excellent) based on March 31, 2016 data. In the past year, OakStar Bank has increased its total deposits by $36.18 million, an excellent annual growth rate of 11.59%. Please refer to our financial overview of OakStar Bank for more details.
OakStar Bank is a locally-owned, community bank that was established in 2005 by a group of Southwest Missouri investors. OakStar Bank is currently the 59th largest bank in Missouri, with assets in excess of $411 million. “OakStar” was chosen as a brand because,
The combination of the oak leaf which symbolizes strength, beauty,
protection, and longevity with the star symbolizing vision, brightness, and
the view of the big picture accurately reflects our mission of service to you.
How the Kasasa Cash Compares
When compared to the 42 High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to Missouri residents and have maximum qualifying balances of at least $25k, OakStar Bank’s Kasasa Cash APY currently ranks first.
The above rates are accurate as of 8/1/2016.
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 Rates Map page.