Bank Deals Blog: Checking & Reward Checking Deals

First Security Bank & Trust’s (First Security) Kasasa Cash account earns 2.51% APY on qualifying balances up to $50k. Qualifying balances greater than $50k earn 0.20% APY, with non-qualifying balances earning 0.05% APY.

The Kasasa Cash account was unveiled more than four years ago, with a decidedly low 1.05% APY. The rate was increased to 2.51% APY in August 2018. The Kasasa Cash account is First Security’s...

More than two years ago, I wrote about the new 20-month Certificate Special offered by Premier Credit Union (Premier CU), which had an initial APY of 2.00%. While other CD rates have been tumbling, Premier CU started the week by raising the rate on the 20-month Special to 2.75% APY. The minimum opening deposit is still $10k, with no stated balance cap.

BOM Bank’s Premium Checking account has been part of the Bank’s product line for more than two years, and its initial 4.09% APY (on qualifying balances up to $15k) is still in effect. Qualifying balances greater than $15k earn 0.20% APY, while non-qualifying balances earn 0.15% APY.

Qualifying Requirements

• At least 20 monthly debit card transactions.
• At least one ACH payment or Direct Deposit.
• Enrolled in and agree to receive...

The Kasasa brand is part of Buckeye State Bank’s (BSB) product line, including a Free Kasasa Cash Checking account that earns 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.25% APY, with non-qualifying balances earning 0.02% APY.

Qualification Requirements

• At least 12 monthly debit card purchases.
• Enrolled in online banking and at least one login per month.

The Kasasa Cash account has no minimum balance requirement...

Maryland-based Severn Bank has added a new Free Kasasa Cash Checking account, which earns 3.00% APY on qualifying balances up to $15k. Qualifying balances greater than $15k earn 0.20% APY, while non-qualifying balances earning 0.05% APY.

Qualification Requirements

• At least 12 monthly debit card purchases.
• One ACH, or Direct Deposit, or Bill Pay transaction per month.
• Enrollment in eStatements.

The Kasasa Cash account has no minimum balance requirement or monthly service fee, but...

At the beginning of July, TBA Credit Union (TBACU) introduced a rewards checking account (RCA). The new Cash Reward Checking earns 5.00% APY on qualifying balances up to $10k. Interest is not paid on qualifying balances above $10k or on non-qualifying balances.

Qualifying Requirements

• At least 25 debit card transactions.
• At least four online or mobile banking logins.
• Deposit(s) totaling at least $1k through direct deposit or remote capture deposit...

About 2½ years ago, Lakeside Bank began offering a Kasasa Cash account, earning 2.25% APY up to $25k at the time. Earlier this year, this rewards checking account (RCA) experienced a couple of favorable changes, with a new 2.50% APY on qualifying balances up to $25k. Qualifying balances between $25k and $125k now earn 0.50% APY, while non-qualifying balances earning 0.02% APY....

Encompass Credit Union (Encompass CU) is offering 3.04% APY on its 24-, 36-, 48-, and 60-month CDs. The minimum opening deposit is $500, with no maximum balance cap. While these rates have been in place for some time, they’ve become more competitive in the past few months, as the rate climate has been cooling down.

According to CSR, the Early Withdrawal Penalty (EWP) is based on the amount...

Massachusetts-based Envision Bank (formerly Randolph Savings Bank) is now offering a large portion of its product line in 49 states through its online application (New York State is excluded). Envision Bank’s Preferred Plus Money Market, Savvy Savings, and Envision Max Checking accounts can all be opened online and funded by ACH transfer.

Preferred...

It’s been more than two years since I last wrote about Evansville Teachers Federal Credit Union’s (ETFCU) rewards checking account, which, at the time, earned 3.00% APY on qualifying balances up to $15k. Nothing about the Vertical Dividend Checking had changed since it was introduced in late 2014 … until now.

• New name – Vertical Checking
• New rate – 3.30% APY
• New balance cap – $20k

No dividends are paid on...