Rates
Earn up to 5.00% APY1 on balances up to $25,000 just for doing your everyday banking.
Maximize your money with our high yield checking account. Our multi-level features makes it easy to meet requirements!
Level 1
4.00% APY*
on balances up to $25,000
0.88% APY*
on portion of balance greater than $25,000
0.01% APY*
if qualifications aren't met
Refunds on ATM fees, nationwide1
Monthly Qualifications
- At least 12 debit card transactions
- Be enrolled in and log into Online Banking
Level 2
4.50% APY1
on balances up to $25,000
0.98% APY1
on portion of balance greater than $25,000
0.01% APY1
if qualifications aren't met
Refunds on ATM fees, nationwide1
Monthly Qualifications
- At least 20 debit card transactions
- Be enrolled in and log into Online Banking
Level 3
5.00% APY1
on balances up to $25,000
1.08% APY1
on portion of balance greater than $25,000
0.01% APY1
if qualifications aren't met
Refunds on ATM fees, nationwide1
Monthly Qualifications
- At least 25 debit card transactions
- Be enrolled in and log into Online Banking
- Maintain a Heritage CCU loan
High-Yield Checking Account Details
The sky's the limit. You can earn high dividends on your free checking account each month that you qualify. And qualifying is easy!
Here are a few details about our high yield checking account:
More Details for Sacramento and Placer Counties Locals
Conveniently located branches in Folsom, Fair Oaks, and Gold River make Kasasa Cash High Yield Checking accessible for all Sacramento and Placer Counties residents. You can also find an ATM at the VA Medical Center in Sacramento. Stay close to home while earning high rates on your deposits.
Open an account online to start earning high dividends!
Open Now
Free Kasasa Cash Checking Account FAQs
How can I earn dividends on my free checking account?
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Answer: You'll earn 0.01% APY on your account no matter what. To earn more dividends, here's what you need to do:
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Make at least 12 debit card purchases in each monthly qualification cycle.
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Enroll in and agree to use Online Banking each monthly cycle.
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Then you can earn 4.50% APY1 on balances up to $25,000 and 4.50% to 0.98% APY on balances over $25,000.
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Is my free checking account really free?
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Answer: Yes! You don't need to pay any monthly fee and there's no minimum balance to earn dividends. You just need to deposit $25 when you open your account.
You may need to pay overdraft fees if you spend more than you have.
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What's the best way to manage my account? ?
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Answer: You can use Online and Mobile Banking to easily manage your free Kasasa cash accounts. Here are a few popular services:
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Checking your balance
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Monitoring transactions and transfers between your accounts. For example, from your checking account to your Kasasa saver or savings account.
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Sending money to friends and family
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What is mobile deposit?
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Answer: Mobile deposit is a free service that lets you deposit checks without visiting a branch.
Just open your Mobile Banking app, send in a photo of the front and back of the check, and you'll get your money!
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Other Checking Account Options
Check out our other attractive checking accounts that offer flexible features and competitive rates.
Worry-Free Checking
Our value-added checking features many perks like IDProtect® identity theft protection and no minimum balance requirements.
Learn More
Teen Checking
Teach your 13 to 17-year-old teen financial responsibility with our Teen Checking account. There are no required fees or minimum balances to get started.
Learn More
1Rates and rewards are variable and may change after the account is opened. Fees may reduce earnings. Reward Information: When Kasasa Cash - Multi Level account qualifications are met during a Monthly Qualification Cycle, you will receive: Level 1 Rewards: balances in your Kasasa Cash account up to $25,000 receive APY of 4.00%; and balances over $25,000 earn a 0.10% dividend rate on the portion of balance over $25,000, resulting in a range from 4.00% to 0.88% APY depending on the account’s balance. Level 2 Rewards: balances in your Kasasa Cash account up to $25,000 receive APY of 4.50%; and balances over $25,000 earn a 0.10% dividend rate on the portion of balance over $25,000, resulting in a range from 4.50% to 0.98% APY depending on the account’s balance. Level 3 Rewards: balances in your Kasasa Cash account up to $25,000 receive an APY of 5.00%; and balances over $25,000 earn a 0.10% dividend rate on the portion of balance over $25,000, resulting in a range from 5.00% to 1.08% APY depending on the account’s balance. All three levels will also receive ATM reimbursements up to an aggregate total of $20.00 for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash qualifications are not met, all balances in the account earn .01% APY and ATM withdrawal fees are not refunded. To receive Kasasa Cash and ATM withdrawal fee reimbursement rewards, Level 1 – you must access your Kasasa Cash account through online banking or mobile banking at least once during the Monthly Qualification Cycle and conduct at least 12 posted debit card merchant transactions during the Monthly Qualification Cycle. Level 2 – you must access your Kasasa Cash account through online banking or mobile banking at least once during the Monthly Qualification Cycle and conduct at least 20 posted debit card merchant transactions during the Monthly Qualification Cycle. Level 3 – you must access your Kasasa Cash account through online banking or mobile banking at least once during the Monthly Qualification Cycle and conduct at least 25 posted debit card merchant transactions and have at least 1 designated loan in good standing with our institution during the Monthly Qualification Cycle. See a Service Representative for list of qualifying loans. All Transactions may take one or more banking days from the date the transaction was made to post to your account. Transactions that have been initiated but not posted as of the end of the cycle will not count as a qualifying transaction for that cycle but will count in the following cycle when they post to your account. “Monthly Qualification Cycle” means the current Statement Cycle. “Statement Cycle” means the period covered by the statement for your account. The statement cycle begins on the first day of the calendar month and ends on the last day of the calendar month. Failure to maintain monthly enrollment in eStatements will require the closure of your Kasasa Cash account. Limit 1 Kasasa Checking account per social security number. There is no minimum balance required to obtain the advertised APY, but a $25 minimum deposit is required to open this account. APY = Annual Percentage Yield. APY accurate as of 04/01/2025.
Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A