The Home Loan Savings Bank (Ohio) has added a new Kasasa Cash Checking Account to their product line. If the monthly transaction qualifications are met, balances up to $25K earn 2.02% APY, with balances over $25K earning 0.25% APY. If the qualifications are not met, all balances earn 0.05% APY.
This Kasasa Cash Checking Account requires a minimum $50 to open and there is no monthly service fee.
- Have at least 12 debit card purchases post and settle
- Be enrolled in eStatements
- Access online banking at least one time a month
A companion Kasasa Saver account (Kasasa Cash Checking required) is also available. If the above mentioned Kasasa Cash Checking monthly qualifications are met, Kasasa Saver balances, up to $50K, earn 0.50% APY; Kasasa Saver balances over $50K earn 0.25% APY on the portion of the balance over $50K. If the qualifications are not met on the Kasasa Cash Checking, all balances in the Kasasa Saver earn 0.05% APY.
A heartfelt thank you to DA Member, PearlBrown, for all her great finds.
|2.02*%||-||$25k||The Home Loan Savings Bank||Kasasa Cash|
|OTHER TIERS: 0.25% → $25k+|
|0.50*%||-||$50k||The Home Loan Savings Bank||Kasasa Saver|
|OTHER TIERS: 0.25% → $50k+|
The Home Loan Savings Bank (Home Loan) is located in central Ohio and offers its services and product line to all residents of Ohio.
Opening a Kasasa Cash Checking Account can be done online, with a 2-part application process: account sign-up and account funding, or by an in-person visit to any of four Ohio branches, located in Coshocton (2), Mount Vernon, and West Lafayette.
The Kasasa Saver account can also be opened online, or by visiting a branch location.
The Home Loan Savings Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 6.20% (excellent), as of June 30, 2014. In the past year, Home Loan has increased its total deposits by $7.12 Million, an excellent annual growth rate of 5.57%. Please refer to our financial overview of The Home Loan Savings Bank for more details.
The Home Loan Savings Bank (FDIC Certificate # 29695) has been the commercial financial center of Coshocton County, Ohio, for over 120 years. Home Loan is a locally owned and locally managed, full-service banking institution with assets in excess of $177 Million.
How the Kasasa Cash Checking Account Compares
While several other banks and credit unions offer a higher APY on Reward Checking Accounts, The Home Loan Savings Bank’s combination of APY and a $25K balance cap makes this offering very competitive to residents of Ohio.
When compared to Reward Checking Accounts that offer a $25K balance cap and are available to Ohio residents, The Home Loan Savings Bank’s Kasasa Cash Checking is clearly competitive.
The above rates are accurate as of 12/5/2014.