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?
Limit one account per SSN.
*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 interest 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 January 1, 2015. 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 compound 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, you 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 electronic services (e.g. online banking, electronic statements) are required to meet some of this account’s qualifications. Please contact a Teutopolis State Bank service representative for additional information, details and enrollment instructions. Transactions and activities MUST post and settle to your account during the monthly qualification cycle and may take one or more banking days from the date the transaction or activity occurred to post and settle to an account. "Banking Day" means any business day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit-card transactions processed by merchants and received by Teutopolis State Bank as ATM transactions. If you have met your qualifications for the month, you will receive reimbursements up to $15 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If you believe that you have not been reimbursed the correct amount of ATM fees you must contact us within 30 calendar days after the statement cycle where the reimbursement was applicable in order to receive a refund. 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. "Statement Cycle" means the period of time for which Teutopolis State Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. No minimum balance is required to obtain the account’s rewards. Monthly ACH debit and receipt of electronic statements are conditions of this account. This account is not to be used for commercial purposes and there is a limit of one account per social security number. There are no fees to open or close this account. There are no recurring monthly service charges associated with this account.
The USA PATRIOT Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.
Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.