WEPCO Credit Union (MD/WV) Has 3 Competitive Kasasa Products


Deal Summary: Kasasa Cash Checking, 3.00% APY, up to $10k. Kasasa Saver, 1.50% APY, up to $35k.

Availability: Allegany and Garrett Counties (MD) and Mineral, Preston, and Tucker Counties (WV).

WEPCO Federal Credit Union (WEPCO) is offering three competitive Kasasa brand products. The Kasasa Cash Checking currently earns 3.00% APY on qualifying balances up to $10k; qualifying balances of more than $10k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. While the $10k cap (even with a 3.00% APY) might be considered too low to bother with, the maximum combined earnings of the Kasasa Cash Checking and Kasasa Saver are definitely worth the effort.

3.00*%-$10kWEPCO Federal Credit UnionKasasa Cash Checking
OTHER TIERS: 0.25% $10k+
Rates as of June 7, 2021.

The monthly qualifying requirements are fairly standard and do not include a direct deposit or ACH transaction.

  • Have at least 12 debit card purchases
  • Enroll in and agree to receive eStatements
  • Enroll in and log into PAL Plus online banking

The Kasasa Cash Checking account has no monthly service fee, no minimum balance requirement, and no opening deposit requirement. Unlimited check writing is available and a free debit card will be issued following account opening. Nationwide ATM fees will be reimbursed up to $25 per month, if the qualifying requirements are met. There is a limit of one account per Social Security number.

Kasasa Saver

The Kasasa Saver account currently earns 1.50% APY on qualifying balances up to $35k. Qualifying balances over $35k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

1.50*%-$35kWEPCO Federal Credit UnionKasasa Saver
OTHER TIERS: 0.57% $35k+
Rates as of June 13, 2021.

Kasasa Cash Checking/Kasasa Cash Back earned rewards and ATM reimbursements are automatically transferred monthly to a linked Kasasa Saver account. Like the Kasasa Cash Checking, the Kasasa Saver has no monthly service, minimum balance requirement, or minimum opening deposit requirement. There is a limit of one Kasasa Saver account per Social Security number.

Annual Earnings of Combined Kasasa Cash Checking/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash Checking (3.00% APY/$10k) and the Kasasa Saver (1.50% APY/$35k) is approximately $825 (1.83% APY/$45k). The blended 1.83% APY is quite unusually high for a rewards checking and savings combo.

Kasasa Cash Back

WEPCO’s Kasasa Cash Back account currently earns 3.00% cash back on the first $400 in monthly debit card purchases. If you are planning on maintaining a balance of less than $4,800, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash Checking account, as the maximum annual earnings for the Kasasa Cash Back account is $144 ($12 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.


Headquartered in Bloomington, Maryland, WEPCO Federal Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, worship, or attend school in the western Maryland counties of Allegany or Garrett, or the West Virginia Potomac Highlands counties of Mineral, Preston, or Tucker, eligible to join.

Current and retired employees of the Verso Corporation are also membership eligible.

Immediate family members of a current WEPCO member or someone who qualifies for WEPCO membership, also qualify for membership. Immediate family is defined as “spouse, child, sibling, parent, grandparent or grandchild. This includes stepparents, stepchildren, stepsiblings, and adoptive siblings. It also includes anyone residing in the same household maintaining a single economic unit.”

Joining WEPCO and/or opening a Kasasa brand product can be done at any of the three full-service Maryland branches located in Bloomington, LaVale, and Oakland, or the single full-service West Virginia branch located on New Creek Highway in Keyser. According to WEPCO’s Coronavirus Updates page, “All branches are operating under our regular business hours.”

With just a $5.00 deposit in a Share Savings Account, your
membership in WEPCO Federal Credit Union can be established.

Credit Union Overview

WEPCO Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 8.84% (excellent) based on December 31, 2020 data. In the past year, WEPCO has increased its total non-brokered deposits by $28.75 million, an excellent annual growth rate of 13.09%. Please refer to our financial overview of WEPCO Federal Credit Union (NCUA Charter # 6685) for more details.

WEPCO Federal Credit Union was established in 1950 as the Local 767 UPA Federal Credit Union, with nine founding members and $37.50 in deposits. The WEPCO re-brand occurred in 1963, with the new name derived from “West Virginia Pulp and Paper Company,” the employer of the Local 767 members. WEPCO is currently the 24th largest credit union headquartered in Maryland, with nearly 33,000 members and assets in excess of $278 million.

How the Kasasa Cash Checking Compares

When compared to High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available within the FOM and have maximum qualifying balances of at least $10k, WEPCO Federal Credit Union’s Kasasa Cash Checking APY currently ranks fourth.

The above information and rates are accurate as of 5/5/2021.

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: Pittsburgh checking accounts, Washington checking accounts, reward checking accounts


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WEPCO Federal Credit Union (MD/WV) Has 3.03% APY 60-Month CD
Deal Summary: 60-month Share Certificate (3.03% APY), $500 minimum deposit.

Availability: Residents of Allegany and Garrett Counties (MD) and Mineral, Preston, and Tucker Counties (WV).

CDs with 3% yields are now rare, but there are a few institutions around the country that still offer them. WEPCO Federal Credit Union (WEPCO) is one of them. It's currently offering a competitive 60-month Share Certificate, which earns 3.03% APY. The minimum opening deposit is $500, with no stated balance cap.

The CD is also available as an IRA (Traditional, Roth,...

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