Bank Deals Blog: Checking & Reward Checking Deals

About three months ago, Las Colinas Federal Credit Union (LCFCU) boosted the rate on its reward checking account, Premier Checking, by 200 bps. The Premier Checking currently earns 7.00% APY on qualifying balances up to $25k, with qualifying balances of $25k+ and non-qualifying balances both earning 0.01% APY.

There are only two monthly qualifying requirements:

• At least 15 debit card purchases
• $25 minimum daily balance

The Premier Checking account has no monthly service or...

Ascendia Bank is currently offering a Kasasa Cash Checking account earning 6.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.02% APY.

The monthly qualification requirements are straightforward and do not include a direct deposit:

• At least 12 debit card purchases*
• At least one automatic ACH payment or bill pay
• Be enrolled in and receive electronic statements

New York-based Hanover Bank is currently offering a Kasasa Cash Checking account that earns 5.75% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.49% APY, with non-qualifying balances earning 0.05% APY.

The monthly qualification requirements include:

• At least 12 debit card purchases
• At least one direct deposit or ACH transaction
• Be enrolled...

Louisiana-based Century Next Bank (CNB) replaced its Kasasa Checking account with the Priority Checking account about six years ago. The original 4.00% APY on qualifying balances up to $15k has been increased to 7.00% APY on qualifying balances up to $30k. Qualifying balances over $30k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

Priority...

When I last wrote about the Keystone Bank Kasasa Cash Checking account some ten months ago, the rate had been dramatically increased from 1.50% APY to 6.00% APY on qualifying balances up to $50k; the 6.00% APY on up to $50k is still in effect today, and it remains one of the best high-yield reward checking accounts in...

Progressive Bank introduced its Rewards Interest Checking (RIC) account in late 2018, with an initial 4.05% APY on qualifying balances up to $25k. In the past four years, there have been four rate decreases (-200 bps) and four rate increases (+400 bps), resulting in the current 6.05% APY. Qualifying balances above $25k earn 0.60% APY, with non-qualifying balances earning 0.05% APY.

Monthly Qualifying...

It’s been about three years since I last wrote about the ELGA Credit Union (ELGA) Kasasa brand products. The Kasasa Cash rate more than doubled last summer from 3.04% APY to 6.17% APY on qualifying balances up to $15k. Qualifying balances of $15k+ earn 0.25% APY, with non-qualifying balances earning 0.01% APY.

The monthly qualifying requirements include,

• Have at least 15 debit or credit...

Encurage Financial Network (EFNCU) is currently offering 5.05% APY on its 48-month Certificate. While the EFNCU Rates page shows tiered deposits of $1k, $5k, and $100k, all three tiers earn the same 5.05% APY.

The 48-month Certificate is also available as an IRA Certificate (Traditional, Roth), earning the same APY with the same deposit requirements.

Early Withdrawal Penalty

According to CSR, the Early Withdrawal Penalty is 180 days of dividends on the amount...

Regional Missouri Bank (RMB) recently upped the rate on its Kasasa Cash account to 7.00% APY on qualifying balances up to $10k. Qualifying balances over $10k earn 0.10% APY, with non-qualifying balances earning 0.05% APY.

RMB has been offering Kasasa brand products for more than five years. In the past 18 months, the Kasasa Cash...

Florida-based Climate First Bank (Climate First) is offering 5.34% APY on an “Account of Your Choice”: 6-month CD Special (no penalty), 15-month Flex CD Special (partial no penalty and add-on), Choice Personal Money Market account, and Choice...