KASASA Account! Earn 2% or 3% on your bank account!

Posted on Dec 13 2013 - 1:11am by SimpleFrugalMom

Kasasa Accounts

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!

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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.

 

 

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