Bank Deals Blog: Checking & Reward Checking Deals

Tremont Credit Union’s (TCU) Kasasa Cash account currently earns 2.00% APY on qualifying balances up to $50k. Qualifying balances over $50k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

TCU began offering the Kasasa brand product line nearly two years ago, with the Kasasa Cash account initially earned 2.50% APY...

Since I last wrote about Vista Bank’s two reward checking accounts (RCA) in 2016, there have been three significant changes: 1) both VistaSmart Checking (2.49% APY on qualifying balances up to $30k) and Vista Checking (1.49% APY on qualifying balances up to $30k) had rate drops of 102 bps about six months ago; 2) the market area has expanded from three Texas...

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...

While New York-based Quontic Bank lowered the rate on its High Interest Checking to 1.25% APY a few days ago, the $1 million qualifying balance cap is still in effect. Qualifying balances above $1 million do not earn any interest, with non-qualifying balances earning 0.01% APY.

Added to the product line in September 2019, Quontic’s rewards checking account (RCA) was originally called Amplify Interest Checking and earned 2.00% APY on qualifying balances up...

Maryland-based Severn Bank began offering Kasasa brand products about 14 months ago. The Free Kasasa Cash Checking account has maintained its initial 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 monthly qualification cycle.
• Enrollment in eStatements.

It’s been almost two years since I had occasion to write about CDs offered by Illinois-based Consumers Credit Union (CCU). Last week, CCU raised the rates on all three 20-month CDs by a uniform 25 bps. The new rates may seem low, but in today’s environment, they’re very competitive. Any rate hike these days is a ray of hope for...

First Financial Bank’s (FFB) Kasasa Cash currently earns 4.07% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

I first wrote about FFB’s Kasasa Cash account more than seven years ago. At that time, the newly added Kasasa Cash account earned 3.00% APY on qualifying balances up to $15k...

First State Bank Nebraska’s (FSBN) rewards checking account (RCA), First Rate Checking, currently earns 2.75% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.15% APY, with non-qualifying balances earning 0.05% APY.

The statement cycle qualification requirements include,

• At least 12 debit card POS transaction ($5 min each).
• At least one automatic debit or direct deposit.
• At least one on-line bill...

As we’ve started to experience record low interest rates, bank bonuses are becoming more attractive as an alternative to earning interest. This new checking account bonus from Capital One is much smaller than the savings account bonus Capital One offered earlier this year, but it's an easy bonus in which you can earn $100 without a large funding amount or direct deposit.

Now through October 20, 2020, Capital One is offering a bonus of...

The Kasasa brand was added to Bank of Frankewing’s product line about four years, but only recently became available online to an expanded market area. The Free Kasasa Cash account currently earns 3.00% APY on qualifying balances up to $20k. Qualifying balances over $20k earn 0.40% APY, with non-qualifying balances earning 0.05% APY.