[TX only] Affiliated Bank (Now Susser Bank) 1.50% APY On Balances Up To $50,000

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: 4.05% APY
  • Minimum Balance: None
  • Maximum Balance: $50,000
  • Availability: Must be a resident of Texas
  • Direct deposit required: Yes or ACH payment
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Yes
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: FDIC

The Offer

Direct link to 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

 

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Abby Normal
Abby Normal

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.

Mike
Mike

I think the bank will stop paying the 2% if you don’t use it like a true checking account.

Jl
Jl

Chuck
This bank does check CHEX.
I stopped by the branch today and they had a sign on their desk saying they verify CHEX

Evilbob
Evilbob

It’s just a Kasasa bank account with the annoying debit card requirements now

veeRob

Now called Susser Bank

William Charles

Greg
Greg

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?

veeRob

Do you have Citibank credit cards?

Greg
Greg

yes

AF
AF

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.

Blueskies
Blueskies

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.

veeRob

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.

veeRob

William Charles 2% hasn’t been updated on this page and on the best high yield page FYI

Chuck

I’ll update, thanks

Kevin Smith
Kevin Smith

received an email today (July 23) from Affiliated Bank and it reads:

Your NEW Kasasa Cash Rate:

2.00% APY* for balances up to $50,000, when qualifications are met:

At least 1 direct deposit or ACH payment transaction
At least 12 debit card purchases of $5.00 or more
Be enrolled in and agree to receive E-Statements

PZ
PZ

I called Affiliated and they said the new 0.75% interest applies to all kasasa reward checking accounts, new and existing.

William
William

William Charles Chuck Rate is down to 0.75% APY officially on their website.

However, still showing 3.977% APY when I log into my existing account as of 3/20/20.

Chuck

Updated