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
- 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.
