Kasasa Cash

Free Checking That Pays You a rate of 2.55% APY* You Deserve (In Cash)

Kasasa Cash is a free high interest checking account that puts 2.55% APY* right in your pocket. After all, it's your cash so you should benefit the most from it. No short-term. Just you getting the most for your money. Isn't it time you get rewarded for your checking account? Kasasa Cash. Do you Kasasa?


Kasasa Cash is perfect for you if you want:
  • Free checking that gives you extra cash
  • 2.55% APY* on balances up to $15,000 when qualifications are met
  • 0.50% APY* on amount of balance over $15,000 when qualifications are met
  • 0.01% APY* if qualifications are not met
  • No minimum balance to earn rewards
  • Nationwide ATM fee refunds (up to $15 per monthly qualification cycle)
  • Free online banking

  To get 2.55% APY* do the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and clear
  • Have at least one ACH debit post and settle to your account
  • Receive monthly eā€statements
  • Access Kasasa 360 Money Management Tool at least once during the monthly qualification cycle when available


Kasasa Cash

*APY=Annual Percentage Yield. 
At our discretion, we may change the interest rates for this account. TIER 1 - An interest rate of 0.500% will be paid only for that portion of your daily balance that is $15,000.00 or more. The annual percentage yield (APY) for this tier will range from 2.55% to 0.81%, depending on the balance in the account. TIER 2 - An interst rate of 2.520% will be paid on the entire portion of your daily balance that is less than $15,000.00. The annual percentage yield (APY) for this tier is 2.55%. The interest rate(s) and annual percentage yield(s) are accurate as of June 12, 2013. If you would like more current rate and yield information, please call us at (217) 857-3166. The interest rates and annual percentage yields may change at any time. Additional Rate Information - When the Kasasa Cash qualifications are NOT met, the interest rate on your account will be 0.01% and the annual percentage yield will be 0.01%. When the Kasasa Cash qualifications are met, the interest rate on your Kasasa Cash account and corresponding annual percentage yield will be tiered as described above.
Compounding frequency - The interest will compoud daily.
Crediting frequency - Interest will be credited into this account monthly.
Effect of closing an account - If you close your account before interest is credited, yuou will not receive the accrued interest.
Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits - Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open - The minimum balance required to open this account is $100.00.
Deposit limitations - You may make an unlimited number of deposits into your account.
To qualify for Kasasa Cash rates and receive reimbursements on your ATM fee surcharges, you must perform all of the qualifications listed. Enrollment in online banking and electronic statements is required to meet certain qualifiers. Please contact us for details on how to enroll. Please note that transcations MUST post and settle to your account durig the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and settle to an account. Transfers between your accounts with us do not count as qualifying ACH transactions.
If you have met your qualifications for the month, we will reimburse you for domestic ATM fees up to $15.00 per month. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 or higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the statement cycle where the reimbursement was applicable. Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account.
Monthly Qualification Cycle and Monthly Statement Cycle Explanation: "Monthly Qualification Cycle" means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate.

Limit one account per SSN.