United Bank (AR) Ups Kasasa Cash Cap To $25k

POSTED ON BY

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 Ultimate Checking account in 2014, with an initial 2.00% APY that was effect until December 2016.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.01*%-$25kUnited Bank (AR)Kasasa Cash
OTHER TIERS: 1.00% $25k+
Rates as of November 16, 2018.

Kasasa Cash Qualification Requirements

  • 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 monthly qualification cycle, with individual ATM fees greater than $5 requiring a receipt for reimbursement.

Kasasa Saver

Like the Kasasa Cash account, the Kasasa Saver has no minimum balance requirement or monthly service fees, and also requires a minimum opening deposit is only $10. 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
OTHER TIERS: 0.27% $10k+
Rates as of November 16, 2018.

Availability

Headquartered in Springdale, Arkansas, United Bank currently offers its Kasasa Cash and Kasasa Savings accounts to all residents of Arkansas through its online application.

Opening a Kasasa Cash and/or a Kasasa Savings account can be done online, or at any of the four Arkansas branches located in Fayetteville, Rogers, and Springdale (2). Construction on a fifth branch in Bentonville is ongoing.

Bank Overview

United Bank has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 4.66% (excellent) based on September 30, 2017 data. In the past year, United Bank has increased its total non-brokered deposits by $9.1 million, an excellent annual growth rate of 7.55%. 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 40 years. Currently the 57th 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 day one.

How the Kasasa Cash Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to Arkansas residents and have maximum qualifying balances of at least $25k, United Bank’s Kasasa Cash APY share the top spot with Old Missouri Bank’s Kasasa Cash APY.

The above rates are accurate as of 2/12/2018.

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
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...
Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.