High Dividend Checking Account
Earn really high dividends — no matter what your checking balance is! Plus, get refund rewards on ATM withdrawal fees nationwide with this free account that puts you first.
- Free checking that pays really high dividends
- 3.00% APY on balances up to $20,000
- 0.10% APY on balances over $20,000
- 0.05% APY if qualifications aren’t met
- Can add Kasasa Saver® account to build and earn savings automatically
- No monthly maintenance fees
- No minimum balance requirement to earn rewards
- Free Online Banking
- Free Mobile App
- Free eStatements
- Free debit card
- Refunds on ATM withdrawal fees, nationwide* (up to $25 per monthly cycle)
- Nationwide Shared Branching via the CO-OP Network
- $7 minimum to open for new members
Qualifying is easy
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 13 debit card purchase transactions
- (minimum transaction $5 each)
- Be enrolled in and agree to receive eStatements
- Have at least 1 automatic payment (ACH), Bill Pay transaction, or direct deposit post and settle
Didn't qualify this month? No worries! If you do not qualify within a monthly qualification cycle, the account is still free and you can try again for your rewards next month!
For all Kasasa accounts, you may qualify for monthly rewards if you meet the applicable minimum qualification requirements during each monthly qualification cycle. To meet the minimum qualification requirements, you must: a) make 13 debit card purchases that post and settle your account with a minimum of $5.00 each, ATM use does not count toward rewards; b) have one ACH transaction (credit or debit) settle your account; c) receive only monthly Electronic statements and opt-out of paper statements. The monthly qualification cycle is defined as the period beginning on the last business day of the current month and ending on the day prior to the last business day of the following month. Transactions may take one or more business days from the date the transaction was made to post and settle to the account. All transactions must post and settle during the monthly qualification cycle in order to qualify for the account’s reward. All Kasasa accounts are limited to one account per Social Security number.
Kasasa Cash. The Kasasa Cash account is a tiered rate account. If you meet the minimum qualification requirements during the monthly qualification cycle, the first dividend rate and annual percentage yield listed in the Rate Schedule will apply to balances up to $20,000.00. The second dividend rate and annual percentage yield listed for this account will apply to balances of $20,000.01 or greater. Each dividend rate will apply only to that portion of the account balance within each balance range. In addition, we will refund up to $25.00 in ATM fees assessed at domestic ATMs we do not own or operate. ATM refunds will be paid on the last business day of the month. 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. If you have a Kasasa Saver account, dividends earned on the Kasasa Cash account and ATM fees refunded to you will automatically be transferred to your Kasasa Saver account; in that event, dividends will not compound in the Kasasa Cash account. If you do not have a Kasasa Saver account, dividends earned and ATM fees reimbursed will remain in your Kasasa Cash account. If you do not meet all of the minimum qualification requirements during the monthly qualification cycle, the third dividend rate and annual percentage yield as listed in the Rate Schedule will apply to the entire balance in your Kasasa Cash account and ATM fees will not be refunded to you.
We expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a reasonable dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions will not count toward earning the account's rewards.
Qualifications must be met in order to continue to be eligible for Kasasa accounts. If qualifications are not regularly met, Alternatives FCU reserves the right to convert the account to a different share draft account.
Closing the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. If the account is closed, you will forfeit any rewards that have not been credited to your account.