[LA only] Peoples Bank: Kasasa Free Cash Checking Account – 4.01% APY On Up To $15,000

Offer at a glance

• Interest Rate: 4.01% APY
• Minimum Balance: None
• Maximum Balance: $15,000
• Availability: Must be a resident of Louisiana
• Direct deposit required: No, but does require an ACH debit or credit
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Peoples Bank has the Free Kasasa Cash account, this offers an APY of 4.01% APY on balances up to $15,000 when the following requirements are met:
  • Have at least 15 check card purchases post and settle
  • Be enrolled and receive eStatement
  • Be enrolled and log into online banking
  • Have at least 1 ACH debit or credit post and settle

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

There are a lot of requirements to worry about, but the requirements are fairly easy to meet especially as any ACH debit or credit will trigger one of the requirements (usually a direct deposit of payroll is required for these types of accounts). We still need to know if it’s a soft pull to open, but this could be an attractive option for those living in Louisiana. We will add this to our high yield savings account page as always.