We’ll take care of you — with free checking that pays you to bank with us.
- High Interest
- No Monthly Maintenance Fee
- Refunds on ATM Withdrawal Fees*
- Digital Banking
- Free checking that pays high interest
- 2.53% APY* on balances up to $15,000
- 2.53% to 0.63% APY on balances over $15,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- Link to free Kasasa Saver® to build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free debit card**
- Free digital banking services***
- Free telephone banking***
- Peer-to-peer payments available
- No minimum deposit to open
It’s Easy to Earn High Interest & Rewards!
Just do a few simple things you probably already do. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your account is still free.
Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Want to see when you’ll qualify for rewards? See our Kasasa Cycle Dates (PDF).
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, purchases made with a Chelsea State Bank credit card, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. "Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. See our website or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.
*Interest and Reward Information:
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $15,000 in your Kasasa Cash account earn an interest rate of 2.50% resulting in an APY of 2.53%; and daily balances over $15,000 earn an interest rate of .35% on the portion of the daily balance over $15,000, resulting in a range from 2.53% to .63% APY depending on the account's daily balance.
You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.
When your Kasasa Cash qualifications are not met, the interest rate earned on the account's entire daily balance will be .05% resulting in an annual percentage yield of .05% and ATM withdrawal fees are not refunded. Interest and nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle.
APY = Annual Percentage Yield. APYs accurate as of 11/4/2022. APY calculations are based on an assumed balance of $15,000 + $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days. Interest rate, APY, and rewards are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account’s rewards during your account’s first and second statement cycles. If the account is closed before rewards are credited, you will forfeit the rewards.
There are no recurring monthly maintenance charges or fees to open or close this account.
Account approval, debit card approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $1 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons are required to meet some of the account's qualifications. Limit of 1 account per Social Security Number. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.