Security Bank of Crawford: Kasasa Cash Checking Account – 3% APY On Balances Up To $15,000 (Rate & Max Deposit Reductions)

Update 5/8:

• Rate reduced from 3.5% APY to 3% APY
• Maximum balance reduced from $35,000 to $15,000
• No longer accepting out of state applications.

 

Offer at a glance

• Interest Rate: 3% APY
• Minimum Balance: None
• Maximum Balance: $15,000
• Availability: Nationwide
• Direct deposit required: Yes, or ACH transaction
• Additional requirements: 6/12 debit card purchases & eStatements
• Hard/soft pull: Soft pull
• ChexSystems: Yes
• Credit card funding: Unknown
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Security Bank of Crawford offers a Kasasa cash checking account. This account earns 3% APY on balances up to $15,000 when the following requirements are met:
  • At least 1 direct deposit or ACH credit transaction
  • At least 6 debit card purchases (normally this is 12 but it has been reduced to 6)
  • Be enrolled in and agree to receive e-statements

 

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

Apparently this is available nationwide, if that’s the case I don’t expect this rate to stay at 3.5% APY. We still need to know if this is a hard or soft pull to open. We will add this to the list of the best high yield savings accounts.

Hat tip to reader Adam