Make your money put in extra hours with a free account that pays you. Kasasa Cash® pays high dividends for everyday activities you're probably already doing anyway.
Plus, enjoy ATM fee refunds* (up to $20 per month) not just in the Washington area, but nationwide! Best of all, there's never a monthly service fee — so your hard-earned cash always stays with you — right where it belongs!
- 2.00% APY* on balances up to $10,000
- 2.00% – 0.36% APY on balances over $10,000 depending on balance in account*
- 0.01% APY* if qualifications aren't met
- Nationwide ATM fee refunds up to $20 per month ($4.99 per single transaction)*
- No minimum balance to earn rewards
- No monthly service fee
- Unlimited check writing
- Free online banking & bill pay
- Free mobile banking
- Free eStatements
- Free Visa® debit card
- $5 minimum deposit to open
Qualifying for rewards is so easy, you're probably already doing it! It's as simple as doing the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Be enrolled and log into online banking
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base dividend rate. Plus, you can get back to earning big-time dividends and nationwide ATM fee refunds the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 04/01/2013. Rates may change after account is opened. Minimum to open is $5. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 ($4.99 per single transaction) 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 0.20% dividend rate on portion of balance over $10,000, resulting in 2.00% - 0.3636% APY depending on the balance. If qualifications are not met, all balances earn 0.01% APY. Qualifying transactions must post and settle to account during monthly qualification cycle. Debit card purchases must be at least $5 to qualify. Transactions may take one or more banking days from the date transaction was made to post and settle to an account. ATM-processed transactions do not count toward 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. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.
Purpose and Expected Use of Account
This account is intended to be the accountholder's primary share draft account in which a debit card is used for day-to-day spending activities, including but not limited to, shopping, gas, dining, and entertainment. In order for these transactions to count toward a Kasasa reward, they must post and settle to your account during the monthly qualification period.
Corresponding to the spending activities described above, the accountholder's debit card should be used frequently throughout each month, and transactions should exceed $5.00 per transaction to count toward a Kasasa reward.
CDFCU reserves the right to determine if the account is being maintained for a purpose other than day-to-day primary use. We also reserve the right to convert the account to a different share draft account if the account does not qualify for rewards for three (3) consecutive statement cycles.
We have the right to close this account at any time with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any Kasasa rewards that have not been credited to your account. A CDFCU check for the remaining balance, if applicable, will be mailed to the accountholder at the address indicated on our current records. Upon termination of your Kasasa share draft account, any optional add-on products/services associated with this account will also be terminated at the same time.