You heard right — it’s checking that’s both free and rewarding. Earn dividends on your balance just for keeping your money local.
- Earn Really High Dividends
- Digital Banking
- No Monthly Maintenance Fee
- No Minimum Balance Requirements
- Free checking that pays high dividends
- 4.00% APY* on balances up to $15,000
- 4.00% to 0.87% APY on balances over $15,000 depending on balance in account*
- 0.04% APY* if qualifications aren't met
- Link to free Kasasa Saver® to build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Nationwide surcharge-free ATM usage; maximum ATM Fee refund amount per cycle $25
- Free digital banking services, including:
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free eStatements
- Free Mastercard® debit card
- No minimum deposit to open
Earning rewards is so easy… you’re probably already doing it!
Qualifying to earn your checking rewards is simple. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
- Be enrolled in and log into online banking
And if you don't meet these qualifications, your account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards.
"Monthly Qualification Cycle" means a period beginning one (1) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle.
See our website, www.cpfcu.coop or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $15,000 in your Kasasa Cash account earn a dividend rate of 3.928% resulting in an APY of 4.00% and average daily balances over $15,000 earn a dividend rate of 0.40% on the portion of the average daily balance over $15,000, resulting in a range from 4.00% to 0.87% APY depending on the account's average daily balance.
You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to Kasasa Cash, Kasasa Cash Back, or Kasasa Tunes transactions via ATM; Kasasa Saver ATM transaction fees are not reimbursed nor refunded.
When your Kasasa Cash qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.04% resulting in an annual percentage yield of 0.04% and ATM withdrawal fees are not refunded.
Dividends will be credited to your Kasasa Cash account on the first processing/business day of the following statement cycle.
Nationwide ATM withdrawal fee reimbursements will be credited to your account on the first processing/business day of the following statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 01/18/2023.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Membership restrictions may apply.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
No minimum deposit is required to open the account.
There are no recurring monthly maintenance charges or fees to open or close this account.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA. Your Savings Insured To $250,000 Per Account, American Share Insurance. By members' choice, this institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money.
Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.