Kasasa Cash® is a free, high interest checking account with no minimum balance requirement and no monthly service fee. You choose the amount you keep in your account and we won't charge you for keeping it there.
This account makes everyone's life more convenient. By using your debit card more often and managing most basic banking tasks online each monthly qualification cycle, you get more control over your account.
With our Free Kasasa Cash, we pay 2.55% APY on balances of $0 to $15,000 if you meet the monthly qualifications listed below. Balances above $15,000 receive an interest rate of 0.30% on the portion of the balance above $15,000 if qualifications are met each monthly qualification cycle. In addition, you will receive up to $20 in Domestic ATM fee refunds per month. If you do not qualify for the higher interest rate, a standard 0.10% APY will be applied to the entire balance in your account.
To qualify for the higher interest rate, on a monthly basis you must:
Have at least 10 debit card point-of-sale transactions per "monthly qualification cycle" post and settle
Receive your monthly statement electronically.
Have at least one direct deposit or one ACH auto debit monthly (transaction must be over $1.00) post and settle.
For Kasasa Cash checking, a "monthly qualification cycle" starts on the last business day of a month and ends on the second to last business day of the next month. All requirements must post and settle your account during the monthly qualification cycle to be considered a qualifying account and receive the preferred rate for that month. They may not be in a pending state to qualify as one of the transactions. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers (transfers between two Coulee Bank accounts) do not count as qualifying ACH transactions. Interest is calculated and paid through the last calendar day of the month. Coulee Bank will only accept Kasasa Cash applications from applicants residing in the states of Wisconsin, Minnesota, and Iowa.
Kasasa Cash with Saver
Take your Kasasa Cash® benefits to a whole new level with Kasasa Saver®, a free, high-interest saver account linked to Kasasa Cash. Here's how they work together: the massive interest and ATM fee refunds from Kasasa Cash are automatically deposited into your Kasasa Saver account. Even better, your Kasasa Saver balance earns high interest; so you can sit back, relax and watch your savings grow.
It's time to get money to save, not just move your money around like other savings programs. By using your debit card more often and managing most basic banking tasks online with your Kasasa Cash account each monthly qualification cycle, you get more on both accounts.
Balances up to $15,000 in the Kasasa Saver account receive an APY of 1.00% if qualifications in the Kasasa Cash account are met (as outlined above) each monthly qualification cycle. Balances above $15,000 receive an interest rate of 0.30% on the portion of the balance above $15,000 if qualifications in the Kasasa Cash account are met each monthly qualification cycle. If qualifications in the Kasasa Cash account are not met, the APY will be 0.10% on all balances in the Kasasa Saver account.
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