Westside State Bank Kasasa Cash Available In 6 Midwest States


Deal Summary: Kasasa Cash, 2.50% APY on qualifying balances up to $25k. Kasasa Saver, 1.50% APY on qualifying balances up to $25k.

Availability: Iowa, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin.

Iowa-based Westside State Bank (Westside) has been offering Kasasa brand products for more than three years. The Kasasa Cash account currently earns 2.50% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

The monthly qualification cycle requirements are straightforward and do not include a direct deposit or ACH transaction.

  • At least 12 debit card purchases.
  • 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. Unlimited check writing is available and a free MasterCard® debit card is issued following account opening. Unlimited nationwide ATM fees (up to $4.99 per single transaction) will be automatically reimbursed, if qualifications are met; individual ATM fees of $5.00 or higher require a receipt for reimbursement. There is a limit of one Kasasa Cash account per Social Security number.

Kasasa Saver Account

Westside’s Kasasa Saver account earns 1.50% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

Earned rewards from the Kasasa Cash account are automatically transferred to the Kasasa Saver each month. Like the Kasasa Cash account, the Kasasa Saver has no monthly maintenance fee or minimum balance requirement and can be opened with a $50 minimum deposit. There is a limit of six preauthorized online banking, debit card, ACH debit or overdraft transfer transactions per month. Kasasa Saver must be paired with either a Kasasa Cash account or a Kasasa Cash Back account.

Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts

The potential combined annual earnings of the Kasasa Cash (2.50% APY/$25k) and the Kasasa Saver (1.50% APY/$25k) is approximately $1,000 (2.00% APY/$50k).

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 Westside, Iowa, Westside State Bank has a physical presence in three northwest Iowa counties and one eastern Nebraska county. Westside offers its Kasasa brand product line to U.S. citizens/residents who live in Iowa, Minnesota, Missouri, Nebraska, South Dakota, or Wisconsin.

It’s important to note that Westside is a small bank, with $128 million in assets and only 26 employees. It is possible Westside may limit new Kasasa Cash account openings if the demand is too high for the Bank to handle easily and efficiently.

Opening a Kasasa Cash and/or Kasasa Saver account can be done online, or by appointment at any of the five Iowa branches located in Carroll, Halbur, Vail, Wall Lake, and Westside or the Bellevue, Nebraska branch.

Effective Wednesday, March 18, 2020, as a precaution against the Coronavirus (COVID-19), we will be closing all six WSB branch lobbies to the public. Halbur, Wall Lake and Vail night drop boxes will still be in use. Westside, Carroll and Bellevue drive-ups will be open for regular business. If you need to meet with a staff member for any other reason, an appointment can be made by calling the specific bank location. We encourage our customers to bank remotely 24/7 via online banking and the Westside State Bank mobile app.

Bank Overview

Westside State Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 0.00% (excellent and not a typo) based on June 30, 2020 data. In the past year, Westside has increased its total non-brokered deposits by $22.23 million, an excellent annual growth rate of 26.89%. Please refer to our financial overview of Westside State Bank (FDIC Certificate # 18518) for more details.

Established in 1907, Westside State Bank was originally known as Farmers Savings Bank, which was a very popular and aptly descriptive name for Midwest banks in the early 1900s. The Westside State Bank rebrand occurred in 2005 when West Side State Savings Bank was acquired. At the time of the merger, the two financial institutions combined had more than 180 years of banking experience. Currently in its 113th year of continuous operation, Westside State Bank is still locally owned and operated.

How Kasasa Cash Compares

Given the multi-state availability of Westside’s Kasasa Cash account, a comparison to nationally available RCAs is appropriate. When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available nationwide and have maximum qualifying balances of at least $25k, Westside State Bank’s Kasasa Cash APY currently shares the top spot with The Bank of Denver’s Kasasa Cash APY.

The above rates are accurate as of 9/15/2020.

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: Sioux City checking accounts, Omaha checking accounts, Des Moines checking accounts, reward checking accounts


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 [email protected] 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.