Posted by William Charles on January 5, 2019
Savings Accounts

Published on January 5th, 2019 | by William Charles

8

[NE only] Liberty First Credit Union 4% APY On Balances Up To $40,000

APY has been increased to 4% APY from 3%. Maximum balance has been increased from $30,000 to $40,000. Hat tip to reader Scott S

Offer at a glance

  • Interest Rate: 4% APY when requirements are met, otherwise 0.05% APY
  • Minimum Balance: None listed
  • Maximum Balance: $30,000
  • Availability: Must live, work or worship in Lancaster or Seward County, Nebraska
  • Direct deposit required: Yes
  • Additional requirements: See below
  • Hard/soft pull: Hard pull (Experian)
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • Liberty First Credit Union’s Kasasa Cash checking account offers a rate of 4% APY on balances up to $40,000 when the following requirements are met each monthly qualification cycle:
    • Have at least 12 signature based debit card purchases post and settle
    • Be enrolled and log into Online Access
    • Be enrolled and receive eStatements
    • Have at least one  net direct deposit or ACH transaction post and settle
  • Interest rate is 0.05% when requirements are not met and 0.15% when requirements are met for balances over $30,000

The Fine Print

  •  Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle.
  • Transactions may take one or more banking days from the date transaction was made to post to and settle account.
  • ATM-processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding dividends. Dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and do not compound.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

There are higher interest rewards account options out there, I guess the main draw to this account is the $40,000 maximum balance.

 



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Frank

Might want to update the “Verdict” both those products are no longer available to anyone reading this now.

Ben
Ben

+1

Dave
Dave

Not available to anyone or only available to a small set of people?

Shelli
Shelli

The membership requirement is a little looser than mentioned. You could also be related to someone who qualifies for membership. And a 40k max is better than any other I am aware of.

Dave
Dave

Hi Shelli. Have you applied for this account and CU membership? Any idea if they do a hard pull on credit? Thanks!

Jeff H
Jeff H

Nebraska State Capital (Lincoln, Nebraska) is in Lancaster County.
The home of Nebraska University is in Lincoln.
The Town of Seward is the county seat of Seward County, Nebraska
Slightly west of Lincoln.

Anon
Anon

Does anyone know if they actually attempt to verify that you worship in either of those counties?

QCP
QCP

Hard pulled Experian

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