Have you ever heard of a Kasasa account?
I hadn’t either until I was flipping through a magazine one day, and an article talked about some weird named account where, even now when rates are low(!), you could earn 2% or 3% on your account. Then, since I hadn’t paid attention to what that unusual name was, had the hardest time trying to figure out what it was again!
Basically different banks offer these accounts.
Free Kasasa checking accounts include
- Nationwide refunds on ATM fees
- No monthly service fee or minimum balance required to earn rewards
- Personal service you trust from a local community bank or credit union of your choice
You can find them local or as an online option. I happened to find a local one that offered a great rate.
They encourage the online options, and a lot of the time they just require you do a couple debit card transactions each month and have a form of direct deposit or something. (They also reimburse some ATM fees if you end up incurring them sometimes.)
Check out the website for more info! I thought they sounded too good to be true, but investigated and they turned out to be a better option than another money market like online account OR a CD.
They also offer other types of accounts, where you can earn music downloads, etc.
Again, I was skeptical myself, but take a look, research them, find one you’re comfortable with and read the terms. It just seems like a great deal. Even if I don’t meet the requirements for the 3% on my account, there is still no fee or penalty, I just don’t get that 3% for the month.