United Bank (AR) Kasasa Products Available Statewide

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Deal Summary: Kasasa Cash, 3.01% APY, up to $25k. Kasasa Saver, 0.50% APY, up to $10k.

Availability: All Arkansas residents

United Bank’s Kasasa Cash has been earning 3.01% APY on qualifying balances up to $25k for about 2 ½ years. Qualifying balances over $25k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.01%-$25kUnited Bank (AR)Kasasa Cash
Rates as of September 26, 2020.

The qualification requirements are standard and do not include a direct deposit.

  • At least 10 debit card purchases.
  • Be enrolled in and log into online banking.
  • Be enrolled in and receive eStatements.

The Kasasa Cash has no minimum balance requirement or monthly service fees, although it does require a minimum $100 opening deposit. There is a limit of one account per Social Security number. Nationwide ATM fees will be reimbursed up to $20 per statement cycle, if qualification requirements are met. Individual ATM fees greater than $5 require a receipt for reimbursement.

Kasasa Saver

The Kasasa Saver account is a linked companion account to the Kasasa Cash account, with earned interest automatically transferred into the Kasasa Saver account each month. Qualifying balances up to $10k earn 0.50% APY, with qualifying balances over $10k earning 0.25% APY; non-qualifying balances earn 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.50%-$10kUnited Bank (AR)Kasasa Saver
Rates as of September 26, 2020.

Like the Kasasa Cash account, the Kasasa Saver has no minimum balance requirement or monthly service fees, and also requires a minimum opening deposit of $100. There are six free online banking or mobile app transfer per month, with a $1 fee per transaction after the six free transfers.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash (3.01% APY/$25k) and the Kasasa Saver (0.50% APY/$10k) is approximately $802 (2.29% APY/$35k).

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,

On an everyday level, Kasasa is free checking that rewards you each month for doing simple things you might already do. "Simple" as in banking basics that actually save you time. Like choosing e-statements over paper statements, or swiping your debit card at checkout instead of writing a check.

Ever wondered where the word “Kasasa” comes from? Its etymology is neither Greek nor Latin.

Put simply, we made it up.
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 Springdale, Arkansas, United Bank has been offering its Kasasa Cash and Kasasa Savings accounts to all Arkansas residents for a few years.

Opening a Kasasa Cash and/or a Kasasa Savings account can be done online. The lobbies of the four Arkansas branches located in Fayetteville, Rogers, and Springdale (2) continue to be closed for walk-in transactions.

Effective March 18th, 2020, all United Bank lobbies will be available only by appointment for transactions that cannot occur by drive-thru, phone, or online.

Bank Overview

United Bank has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 4.51% (excellent) based on March 31, 2020 data. United Bank has an excellent capitalization level (13.17%), the result holding assets of $194.21 million with $25.28 million in equity. Please refer to our financial overview of United Bank (FDIC Certificate # 32025) for more details.

Founded in 1978 as Little River Savings and Loan Association, United Bank has been a locally owned and operated community bank for 42 years. Currently the 53rd largest bank in Arkansas, the Bank was started by Don Pitts, the owner of United Bilt Homes. The Pitts family has been actively involved in the day-to-day operation of the Bank since the doors opened for business in January 1978.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to all Arkansas residents and have maximum qualifying balances of at least $25k, United Bank’s Kasasa Cash APY currently ranks first.

The above rates are accurate as of 8/14/2018.

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: Ft. Smith checking accounts, reward checking accounts

Comments
United Bank (AR) Ups Kasasa Cash Cap To $25k
Deal Summary: Kasasa Cash, 3.01% APY, up to $25k.

Availability: Kasasa Cash and Kasasa Savings are available to all Arkansas residents.

According to United Bank’s website, “We’ve Raised The Bar … Literally!” The bar being the qualifying balance cap on its Kasasa Cash account, which is now a healthy $25k (up from $10k). The current 3.01% APY on qualifying balances has been effect for about 14 months. Qualifying balances over $25k earn 1.00% APY, with non-qualifying balances earning 0.05% APY.

The Kasasa Cash account replaced United Bank’s...

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High-Yield Reward Checking Account at United Bank in Arkansas - Local Only

Update 7/14/10: The top rate has fallen from 5.01% to 3.56% APY.

United Bank is offering a reward checking account called Ultimate Checking with the following rates and features if certain monthly requirements are met:

  • 3.56% APY on balances up to $25,000
  • 0.51% APY on portion of balance over $25,000
  • 0.10% on all balances if requirements are not met
  • Refunds ATM fees nationwide

The monthly requirements include:

  • 10 debit card purchases (excludes ATM transactions)
  • 1 direct deposit or automatic ACH payment
  • Access online banking
  • Receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $100 minimum initial deposit
  • No minimum...
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