Update 10/2/22: Per email, it’s changing on October 20th to 4% on up to $15,000 when qualifications are met (ht Michael)
Update 12/29/21: Kasasa Checking is now 2.0% up to $10,000.00 and Kasasa Saver is 1.0% up to $25,000.00.
Update 2/24/21: Down to 2% now.
Offer at a glance
- Interest Rate: 2.5% APY
- Minimum Balance: None
- Maximum Balance: $25,000
- Availability: Nationwide
- Direct deposit required: No, ACH credit or debit transaction works
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: FDIC
- The Bank of Denver is offering 3% APY on balances up to $25,000 when the following requirements are met each qualification cycle:
- At least 12 debit card purchases
- At least 1 ACH credit or debit transaction
- Be enrolled in and agree to receive e-statements
This account has no monthly fees to worry about
Need to know if it’s a hard or soft pull. This can be opened nationwide but personally I can’t see this rate lasting too long if that’s the case. We will add this to the best high yield savings accounts.
Credit card funding?
Got an email, BoD is now 5% APY up to $15,000
12 debit card purchases must each be at least $5.
Chuck William Charles Update: Kasasa Checking is now 2.0% up to $10,000.00 and Kasasa Saver is 1.0% up to $25,000.00.
Did anyone keep a copy of the Cycle Date Information that shows the Kasasa cycle would end this month on 09/21/2021? I’m sure it was that way originally and I marked it on my calendar, but it now shows and did end as 09/14/2021.
I just contacted The Bank of Denver, the checking APY is 2%, the saving is 1%. Any idea what better APY account I should switch to?
@William Charles @Chuck Rate dropped to 2%. Please update. Thanks.
And the debit purchases need to be >$5 🙁
Weird question on the new $5 debit card terms – when they originally sent out the changes in December, the e-mail stated has to be “$5.00 or more.” But the new e-mail today and their website both show “greater than $5.00.” Anyone have an idea if $5.00 exactly will qualify or not?
For everyone posting about the incorrect interest from the last cycle (1/20): I spoke to a rep, it was a mistake on everyone’s Kasasa account, related to the the $5 requirement and the effective date. They should be fixing everyone’s account and crediting the correct interest.
However, as of the cycle that starts 2/18, the interest rate is dropping to 1.98%
Yep, they manually credited the interest now.
I just sent an email to them pointing out the $5 requirement was effective Jan 21 per their email communication. I think you all should email them requesting for the high interest for last month.