Update 10/9/21: Rate reduced to 1.5%
Update 10/21/20: Rate has been increased back up to 2.00% APY.
Update 3/20/20: Rate reduced down to .75% now.
Update 3/10/20: Rate reduced from 4.05% to 2.00%.
Offer at a glance
- Interest Rate:Â 4.05% APY
- Minimum Balance:Â None
- Maximum Balance:Â $50,000
- Availability:Â Must be a resident of Texas
- Direct deposit required:Â Yes or ACH payment
- Additional requirements:Â See below
- Hard/soft pull:Â Unknown
- ChexSystems: Yes
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Insured:Â FDIC
The Offer
- Affiliated Bank is offering 4.05% APY on balances up to $50,000 when you complete the following requirements:
- At least 1 direct deposit or ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive E-Statements
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
Seems like it’s relatively easy to trigger the requirements and it’s nice that the maximum is $50,000.
Hat tip to reader missjenniferd1
Susser is discontinuing the Kasasa Cash program and converting all accounts to “Interest Checking” with a rate between 1% and 2% depending on balance and a $12 monthly service fee.
I’m not sure when it changed, but the rate is back up to 4%. https://www.susserbank.com/kasasa-cash/
Got of brunch of debit cards from a bank I never heard of. I thought I closed all our Affiliated accounts. Anyway, glad to confirm our identities weren’t used maliciously.
Any updated experiences, good or bad with this bank?
I’m confused by this:
The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit and credit card purchases processed by merchants and received by our bank as ATM transactions, PIN-based, signature-based transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our bank.
So PIN-based does not count, nor does signature-based count? What other kinds of debit transactions are there?
Does not inspire confidence when they can’t even get their fine print in order.
I think the bank will stop paying the 2% if you don’t use it like a true checking account.
This bank does check CHEX.
I stopped by the branch today and they had a sign on their desk saying they verify CHEX
It’s just a Kasasa bank account with the annoying debit card requirements now
Now called Susser Bank
Looks like it is still 2% so could be ok? anybody have a hack on how they do the 12 debit card purchases during Covid?
Do you have Citibank credit cards?
yes
This bank is a joke. They had huge swings in APR past 12 months (more than 1% each time). They also changed high APR requirements several times too.
I got an email from them today and seems they decided to go back to the 2%. I still consider it a bad deal – low rate and still wanting (12) $5.00 min. debit charges to boot, but that’s me – it might look good to someone else.
I agreed with you in July, but here in September 2% seems pretty damned good. I guess I’ll be getting back on the 12 debit transaction train as there doesn’t seem to be anything better coming.
I’ll update, thanks