Bank Deals Blog: Checking & Reward Checking Deals

East Cambridge Savings Bank (ECSB) is one of several banks that have added the Kasasa brand to its product line in the last few months. The Kasasa Cash Checking currently earns 1.75% APY on qualifying balances up to $20k. Qualifying balances over $20k earn 0.25% APY, with non-qualify balances earning 0.03% APY. While 1.75% APY is certainly not the most competitive...

In the past six months, the 20-month CDs (Regular, Jumbo, and Super Jumbo) offered by Illinois-based Consumers Credit Union (CCU) have experience three rate changes. In early September, CCU raised the rates on all three 20-month CDs by a uniform 25 bps. Those APYs (the highest since late 2010) lasted until the beginning of December, when they dropped by...

It’s only been a few months since Libertyville Savings Bank (LSB) began offering Kasasa brand products. The Kasasa Cash’s initial 3.00% APY on qualifying balances up to $25k is still in effect. Qualifying balances over $25k earn 0.50% APY, with non-qualify balances earning 0.05% APY.

The monthly qualification requirements are quite basic and do not include a direct deposit or ACH...

Western Sun Federal Credit Union (WSFCU) recently began offering Kasasa brand products. The Kasasa Cash currently earns 2.25% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.20% APY, with non-qualify balances earning 0.05% APY.

The monthly qualification requirements are quite standard and include,

• At least 12 debit card purchases
• At least one direct deposit or ACH credit/debit
• Be...

Meritus Credit Union (Meritus CU) added the Kasasa brand to its product line about 18 months ago. The Kasasa Cash Checking’s initial 3.00% APY on qualifying balances up to $15k has remained unchanged. Qualifying balances over $15k earn 0.24% APY, with non-qualify balances earning 0.05% APY.

The monthly qualification requirements are easily met and do not include a...

Town & Country Credit Union's (TCCU) Star Rewards Checking account is a reward checking account (RCA) that is structured slightly different than the ubiquitous Kasasa model. Rather than having two separate accounts (a traditional RCA and a Cash Back account that earn different rates), TCCU offers a single account that can either earn 3.00% APY on qualifying balances up to...

Compass Credit Union (Compass CU) has been offering its High Yield Checking account for about 18 months. The initial 3.04% APY on qualifying balances between $25 and $20k is still in effect. Qualifying balances over $20k and non-qualify balances do not earn any interest.

The monthly qualification requirements include,

• At least 10 debit card purchases
• Direct deposit of at least $250
• Log into online banking at least once

While the $5k balance cap on Chief Financial Credit Union’s (Chief Financial) Kasasa Cash (5.00% APY) is a deal breaker for some, it’s certainly appealing to those who are looking for a good rate available on a small balance. The downside of the $5k balance cap is also offset by the Kasasa Saver’s 1.00% APY/$50k balance cap combination (see below)....

Commercial Bank began offering the Kasasa brand product line about six months ago. The Kasasa Cash Checking’s initial 2.75% APY on qualifying balances up to $15k has remained unchanged. Qualifying balances over $15k earn 0.25% APY, with non-qualify balances earning 0.05% APY.

The monthly qualification requirements include,

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

United Citizens Bank & Trust Co.’s (UCB&T) newly added Kasasa Cash earns 2.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.25% 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 in and review e-Statements*

*This is the first...