Suncrest Bank Offers Kasasa Products In California Central Valley

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Deal Summary: Kasasa Cash, 1.50% APY on qualifying balances up to $50k. Kasasa Saver, 0.50% APY on qualifying balances up to $50k.

Availability: California's Central Valley

About six months ago, Sunset Bank began offering Kasasa brand products. The Kasasa Cash’s initial 1.50% APY on qualifying balances to $50k is still in effect. Qualifying balances over $50k earn 0.10% APY, with non-qualifying balances earning 0.01% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.50*%-$50kSuncrest BankFree Kasasa Cash Checking
OTHER TIERS: 0.10% $50k+
Rates as of March 1, 2021.

The monthly qualification requirements include,

  • At least 10 debit card purchases
  • At least one bill pay transaction or ACH automatic debit transaction
  • Be enrolled in and agree to receive e-Statements

The Kasasa Cash account has no minimum balance requirement or monthly service fee, and can be opened with a $50 minimum deposit. If qualifications are met, fees will be waived for five ATM withdrawals per statement cycle. Unlimited checking writing is available and a free MasterCard® debit card will be issued following account opening. There is a limit of one Kasasa Cash account per Social Security number and is available as a personal account only.

Kasasa Saver

The Kasasa Saver earns 0.50% APY on qualifying balances up to $50k; qualifying balances over $50k earn 0.10% APY, with non-qualifying balances earning 0.01% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50*%-$50kSuncrest BankFree Kasasa Saver
OTHER TIERS: 0.10% $50k+
Rates as of March 1, 2021.

Earned rewards from a Kasasa Cash/Kasasa Cash Back account are automatically transferred to the Kasasa Saver each month. The Kasasa Saver has no monthly maintenance fee or minimum balance requirement, but does required a $50 minimum opening deposit. There is a limit of one Kasasa Saver account per Social Security number.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash (1.50% APY/$50k) and the Kasasa Saver (0.50% APY/$50k) is approximately $1,000 (1.00% APY/$100k).

Kasasa Cash Back

Suncrest Bank’s Kasasa Cash Back account earns 2.00% cash back on debit card purchases, limited to the first $300 of monthly purchases. If you are planning on maintaining a balance under $4,800, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account; the maximum annual earnings for the Kasasa Cash Back account is $72 ($6 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.

Availability

Headquartered in Visalia, California, Suncrest Bank’s market area for its Kasasa brand products is the Central Valley.

While Suncrest Bank’s website has a “Let’s Get Started” button, it leads to a Contact Me form that collects basic information. Following the submission of the form, a Suncrest Bank representative “will contact you within one business day to help you complete the process.”

Opening a Kasasa brand product can also be done at any of seven California branch locations, located in Fresno, Kingsburg, Lodi, Porterville, Visalia, West Sacramento, and Yuba City.

All branches are open during regular business hours and observing social distancing.

Bank Overview

Suncrest Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.55% (excellent) based on September 30, 2020 data. In the past year, Suncrest Bank has increased its total non-brokered deposits by $207.29 million, an excellent annual growth rate of 584.2%. Please refer to our financial overview of Suncrest Bank (FDIC Certificate # 58728) for more details.

Suncrest Bank is a young bank, having opened its doors in 2008. Between 2015 and 2018, Suncrest Bank acquired Sutter Community Bank (Yuba City), Security First Bank (Fresno), and Community Business Bank (West Sacramento). With assets in excess of $1.29 billion, Suncrest Bank is currently the 62nd largest bank headquartered in California.

How the Kasasa Cash Compares

There aren’t many rewards checking accounts that have maximum qualifying balances of at least $50k. In fact, there are only eight, narrowing the comparison group. When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that are available nationwide and have maximum qualifying balances of at least $50k, Suncrest Bank’s Kasasa Cash APY currently ranks second.

The above rates are accurate as of 1/25/2021.

To look 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: Sacramento checking accounts, Fresno-Visalia checking accounts, reward checking accounts

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