Union State Bank Offers Kasasa Cash in Kansas and Oklahoma

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Deal Summary: Kasasa Cash, 2.75% APY on qualifying balances up to $25k.

Availability: Kansas and Oklahoma through online application.

A year ago this month, Union State Bank (USB) added the Kasasa brand* to its product line, with the same rates that are offered today. The competitive Kasasa Cash account currently earns 2.75% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.00*%-$25kUnion State BankKasasa Cash
OTHER TIERS: 0.10% $25k+
Rates as of December 4, 2020.

The qualification requirements are fairly standard for a Kasasa Cash account and do not include a direct deposit or ACH transaction.

  • At least 12 debit card purchases per statement cycle.
  • Be enrolled in and review eStatements.
  • Be enrolled in and log into Online Banking.

The Kasasa Cash account has no minimum balance requirement or monthly service fee, but does require a $50 minimum opening deposit. There is a $25 early closure fee if the Kasasa Cash account is closed within 60 days of opening. Nationwide ATM fees will be reimbursed up $25 ($4.99 per single transaction) per month, if qualifications are met. There is a limit of one account per individual taxpayer identification number.

Kasasa Saver

All rewards from the Kasasa Cash account are automatically swept into the optional companion Kasasa Saver account, which currently earns 1.00% APY on qualifying balances up to $50k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. The minimum opening deposit for the Kasasa Saver is $25.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$50kUnion State BankKasasa Saver
OTHER TIERS: 0.10% $50k+
Rates as of December 4, 2020.

*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 Arkansas City, Kansas, Union State Bank offers a portion of its product line to all residents of Kansas and Oklahoma, including the Kasasa Cash and Kasasa Saver accounts.

Opening a Kasasa Cash account and/or a Kasasa Saver account can be done online. Union State Bank has temporarily closed the lobbies of its one Oklahoma and 12 Kansas branches to the general public.

By Appointment - Customers may schedule an appointment with our staff for specific banking needs such as accessing safe deposit boxes, or signing time-sensitive documents. To schedule an appointment with your nearest branch call toll-free 866.557.0060.

Bank Overview

Union State Bank has an overall heath grade of "A+" at DepositAccounts.com, with a Texas Ratio of 0.24% (excellent) based on December 31, 2019 data. In the past year, USB has increased its total non-brokered deposits by $12.37 million, an excellent annual growth rate of 4.62%. Please refer to our financial overview of Union State Bank (FDIC Certificate # 1869) for more details.

Established in 1908, Union State Bank is a locally-owned and controlled bank, with members of the Docking Family active in the day-to-day operation and management of USB since 1956. USB merged in 2006 with The State Bank of Winfield (another local family owned and operated bank) strengthening its footprint in Cowley County, Kansas. The 2015 merger with RelianzBank expanded the Bank’s presence in the Wichita area, while a merger with The Midland National Bank of Newton this past January continued USB’s Kansas expansion. Union State Bank is currently the 42nd largest bank headquartered in Kansas, with assets in excess of $337 million.

When USB merged with The State Bank in 2006, the new Union State Bank adopted the stone bridge as its symbol. While a stone bridge is a visual metaphor for strength and a way to get from one point to another, there’s another reason a stone bridge was chosen.

People from across the globe come to Cowley County to visit the historic bridges, including the stone arch bridges. There are only 1,700 stone arch bridges remaining in the United States with more than 18 historical bridges across Cowley County. Some are on the National Registry of Historic Places. Built between the 1890s and 1930s, they serve an essential role in the daily lives of area residents.

How the Kasasa Cash Compares

When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that have maximum qualifying balances of at least $25k and are available to the residents of Kansas and Oklahoma, Union State Bank’s Kasasa Cash APY currently ranks third.

The above rates are accurate as of 5/4/2020.

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: Tulsa checking accounts, Wichita checking accounts, reward checking accounts

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