Kasasa 101: Which Rewards Account is the Best Fit for You?

Date: September 7, 2016, 10:41 am

Tags: Kasasa

Which Rewards Account is the Best Fit for You?

Kasasa is a fun name for free checking and savings accounts that pay you money. How great is that? Citizens Community Credit Union is the only financial institution offering Kasasa products in the Devils Lake and Grand Forks areas. According to nerdwallet, "Kasasa offers one of the best checking and savings account packages in the nation." Let's take a look at each Kasasa product and see which would be the best fit for you.

KASASA CASH BACK FREE CHECKING

Kasasa Cash Back is just that - a cash-back rewards checking account. As long as you meet the qualification criteria each month, you'll receive 3% cash back* (up to $6/month) on your everyday debit card purchases and up to $25 in ATM fee refunds* nationwide. So, what do you have to do to qualify? Just three easy things each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and log into CCCU online account access
  • Be enrolled and review your e-statement notice

That sounds simple enough, right? We thought so, too! Plus, if you miss a month, it's no big deal. You can try again next month and get right back to earning your rewards.

Who should get this account: If you're a regular debit card user and don't necessarily carry a high balance in your checking account, Kasasa Cash Back is the perfect fit for you.

*Click here for disclosure

KASASA CASH FREE CHECKING

Not to be confused with cash back, this account rewards you for keeping cash in your checking account rather than spending it. Kasasa Cash checking account holders earn 3% APY* interest on balances up to $25,000! That adds up to $750** a year! Plus, you'll earn up to $25 in refunds on ATM fees* each month. What's the catch? You just have to meet the same qualification criteria each month as the Kasasa Cash Back account:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and log into CCCU online account access
  • Be enrolled and review your e-statement notice

Who should get this account: If you carry a higher balance in your checking account and want to earn interest, but still want the freedom of using your debit card to access those funds, Kasasa Cash is just right for you.

*Click here for disclosure

KASASA SAVER FREE SAVINGS ACCOUNT

What makes the Kasasa Saver unique? It's automated savings with no hassle for you! Each month your Kasasa checking rewards transfer into your Kasasa Saver account where you earn up to 0.75% APY* on what you save. Plus, there's never a minimum balance requirement or monthly service fee! There are no additional qualification requirements for Kasasa Saver either. As long as you meet the requirements for your Kasasa Cash or Cash Back account, you'll qualify for our highest Kasasa Saver rate too. If you don't qualify for a month, your account will still be free and you'll earn the base dividend rate on your Kasasa Saver balance.

Who should get this account: If you have a Kasasa checking account and want to build hassle-free savings, this is your savings account.

Intrigued? Visit our website at the links above or stop into your local branch for more information on each account and to apply.

*APY = Annual Percentage Yield. **Based on $25,000 minimum average balance for one year.

*Click here for disclosure