[AR & MS only] First Financial Bank 2.02% APY on Balances Up To $15,000 – Direct Deposit Not Required

Update: Interest rate dropped to 2.02% APY on $15K as of 4/6/21

Offer at a glance

  • Interest Rate: 4.07%
  • Minimum Balance: None listed
  • Maximum Balance: $15,000
  • Availability: AR & MS
  • Direct deposit required: Not required
  • Additional requirements: See below
  • Hard/soft pull:Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: FDIC

The Offer

Direct link to offer

  • First Financial Bank offers a free Kasasa cash checking account. This offers an APY of 4.07% on balances up to $15,000 when the requirements are met (0.05% APY when not met). The requirements are as follows (must meet these every 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

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Rate History

  • November 27th, 2017 – Current: 4.07%
  • January 1st, 2015 – November 27th, 2017: 2%
  • January 30th, 2013 – December 30th, 2014: 3%

Avoiding Fees

This account has no monthly fees. In addition you also receive ATM withdrawal fee refunds on any ATM transactions made within the USA when you meet the requirements for the 4.07% APY rate.

Our Verdict

It’s rare to see a rate this high, that also offers a high maximum balance and no direct deposit requirement. I honestly don’t expect this one to last that long, but rates are on the rise so I might be wrong. There are still better accounts like the Insight 5% APY/$5,000 so I’d max those out first but for those that are already doing that this adds a lot of extra capacity at a good rate. You can view the best savings rates here. First Financial Bank uses the same qualification dates for every customer, they have the 2017 dates here. I’ll update this post once they add the 2018 dates.

As always please share your own experiences in the comments below.

 

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Johnz
Johnz

Interest rate dropped to 2.02% APY on $15K as of 4/6/21
https://www.ffb1.com/personal/personal-checking/free-kasasa-cash-checking.html
William Charles Update the ‘4.07% APY’ in title?

CK9
CK9

deleted

WB
WB

Been enjoying the 4.07% for some time, but looks like they slipped in a rate reduction in Sept ‘2020 from 4.07% to 3.04%. No notice.

Nady
Nady

OOS DP. Tried my luck applying out of state but no dice. They emailed me after it went pending that for now they are not approving OOS applications, but may consider me in the future when they do.

Dan
Dan

Does anyone know if transactions can be online purchases and if there’s a minimum amount of each debit card transaction to qualify for this Kasasa Cash account? Thank you.

Justin
Justin

I recently joined this bank but I don’t see where I can do external ACH transfers to other banks on online banking. Is this not possible?

DayTradeIt
DayTradeIt

You have to do the pull from your other bank. Some banks are weird to not have that functionality

James
James

No hard pull for me online (Zip Code 39705)

anon
anon

was that your mailing zip as well?

FlyGuy
FlyGuy

There was no HP for me at the Carthage MS branch.

Lily
Lily

Will – Your 2017 kasasa qualification cycle dates link isn’t right. It takes to this same web page.

leap-frogger
leap-frogger

Is this Mississippi or Missouri?

Bill M
Bill M

Mississippi