Free Checking Accounts
What Is a Kasasa Account?
Kasasa accounts are free account options that, when you meet simple monthly qualifications, reward you with high interest, cash back, and ATM fee refunds. Even if you don’t qualify one month, your account remains free, and you still earn a base rate.
Free Kasasa Cash® Checking – High Interest + ATM Refunds
Key Benefits (when qualifications are met):
- 4.07% APY on balances up to $15,000
- 0.50% APY on the portion over $15,000 → total APY ranges from 4.07% to 0.50
- Refunds for ATM withdrawal fees (nationwide, up to $15 per month)
- $0 minimum deposit to open, no monthly maintenance fee, no minimum balance required
- Automatically linked to Kasasa Saver® to grow your savings
How to Qualify (each monthly cycle):
- Complete 12 debit card purchases
- Have at least one direct deposit or ACH payment
- Be enrolled in and accept eStatements
If qualifications aren’t met:
- You earn a base 0.10% APY on the full balance
- You do not get ATM fee reimbursements
Note: Some transactions don’t count (e.g. ATM-processed transactions, transfers between your accounts, purchases made with non-GRSCU debit cards). Also, merchant “bundled” transactions count as one. Enjoy free checking that pays. Earn high dividend earnings and refunds on ATM withdrawal fees, nationwide.*
Kasasa Cash Back® Checking — Cash Back + ATM Refunds
Key Benefits (when qualifications are met):
- 3.00% cash back on up to $200 in debit card purchases per month (i.e. earn up to $6 monthly, $72 yearly)
- Refunds for ATM withdrawal fees (nationwide, up to $15 per month)
- Same no maintenance fee / no minimum / $0 opening deposit
- Linked to Kasasa Saver® as well
How to Qualify (same as Kasasa Cash):
- 12 debit card purchases
- One direct deposit or ACH
- Enrollment in eStatements
If qualifications aren’t met, you lose the rewards, but the account remains free.
Kasasa Saver® — Grow Your Savings Automatically
When your checking account qualifies in a month, your linked Kasasa Saver earns:
- 2.53% APY on balances up to $50,000
- 0.50% APY on the portion above $50,000 → total range 2.53% to 0.50%
- If your checking account fails to qualify, the Saver pays only 0.05% APY
- No maintenance fees or minimum balances
- Funds remain accessible; interest and ATM fee refunds are credited on the first business day of the next cycle
- Link this free account to your Kasasa® checking — and build savings automatically while earning high interest.
And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.
Dividends will be credited to your Kasasa Saver 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.
*Rates on Kasasa Accounts are as of July 1, 2024. The dividend rate may change after the account is opened.
