If you’re thinking about upgrading your RMLEFCU checking account to Kasasa, you may have noticed that there are two different account options. While both are free, offer great rewards and ultimately put more cash back into your pocket, there are a few differences between them that might make one more attractive to you over the other.
Kasasa Cash
Kasasa Cash is a checking account that pays monthly cash rewards based on your account balance. The dividends for various balances are the following:
2.00% APY* on balances up to $10,000
2.00% to 0.41% APY* on balances over $10,000 depending on the balance in account
0.05% APY* if qualifications aren’t met
You only need $50 to open a Kasasa Cash account and start earning monthly dividends!
Kasasa Cash Back
Kasasa Cash Back account holders earn 2% cash back on all monthly debit card purchases. You swipe your card, we’ll put some cash back in your account. It’s that simple! You can earn up to $6 cash back per month on purchases up to $300 with no category restrictions.
How to Qualify
To earn your monthly rewards for either account simply do the following:
Have at least 12 signature-based debit card purchases post and settle.
Be enrolled and agree to receive eStatement notice.
Have at least 1 direct deposit/ACH credit transaction post and settle.
In other words, what most people are already doing with their checking accounts can be earning you extra rewards! And don’t worry – if you don’t meet all the qualifications for the month, it’s no big deal. Your account is still free, and you can get right back to earning your rewards the very next month.
Both accounts offer ATM refunds nationwide, free online and mobile banking, and no services fees. So, what are you waiting for? Sign up for Kasasa and start getting paid to bank with RMLEFCU today!
*APY=Annual Percentage Yield. APYs accurate as of 04/01/2021. Rates may change after account is opened. Minimum to open is $50. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.00%; and (3) balances over $10,000 earn 0.25% dividend rate on portion of balance over $10,000, resulting in 2.00% – 0.41% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. Transfers between accounts do not count as qualifying transactions. All debit card purchases are considered qualifying debit card transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.