Celebrate Free Checking with an account that pays interest!
Isn’t it about time you have a truly free rewards checking account that pays you to do what you are already doing? The Fannin Bank team feels this way and we are excited to provide our line of Kasasa Accounts!
Kasasa Cash – is a free checking account that pays you an interest rate of 3.5% APY each month on the portion of your balance that is $50,000.00 or less. On the portion of your balance that is $50,000.01 or more you will receive an interest rate of 1.25% APY up to a ceiling of $100,000.00.
To qualify for this incredible interest rate all you have to do is use your debit card for twelve point of sale transactions and receive one direct deposit ACH credit each statement cycle.
There are even more benefits with our Kasasa Cash account than just a fantastic interest rate. No minimum balance requirements, no fees, and refunds on ATM Fees up to $10.00 each statement cycle. If you fail to qualify during the statement cycle, fear not, for you will still earn 0.05% APY on your entire balance up to $100,000.00.
Rate Information for Kasasa Cash Account – Tier 1 an interest rate of 1.25% will be paid only for that portion of your daily balance that is $50,000.01 or more. The annual percentage yield (APY) for this tier will range from 3.56% to 2.41%, depending on the balance in the account. Tier 2 an interest rate of 3.5% will be paid on the entire portion of your daily balance that is less than $50,000.01. The annual percentage yield (APY) for this tier is 3.56%. If qualifications are not meet an interest of 0.05% with an annual percentage yield (APY) of 0.05% will be used for entire balance of the account up to a ceiling of $100,000.00.
Kasasa Cash Back – is a free checking account that pays up to $8.00 cash back on your debit card point of sale purchases each statement cycle. Like the Kasasa Cash account to qualify all you have to do is perform twelve point of sale debit card transactions and receive one direct deposit ACH credit each statement cycle. Kasasa Cash Back also has no minimum balance requirements, no fee and refunds ATM Fees up to $10.00 each statement cycle.
Kasasa Saver – Do you like to save money? Do you need to start saving money? You can add a Kasasa saver account to your Kasasa Cash or Cash Back account and earn 1.00% on your savings up to $100,000.00 each statement cycle. To earn this amazing savings interest rate all you have to do is meet the qualifications on your attached Kasasa Cash or Cash Back account.
If the interest rate on our Kasasa Saver is not enough for you there are even more benefits. Unlike traditional savings accounts there is no minimum balance requirement and no transaction limitation for this savings account.
Now is the time to jump for joy and open a Kasasa account with Fannin Bank. Visit one of our convenient locations in Bonham or Honey Grove today.
Rate Information for Kasasa Saver Account – The interest rate on this account is 1.00% with an annual percentage yield (APY) of 1.00%. If qualifications are not meet an interest rate of 0.05% with an APY of 0.05% will be used.
Additional Information – A minimum deposit of $100.00 is required to open a Kasasa Cash, Cash Back or Saver Account. Electronic Statement (e-statement) shall be the only form of statement provided. The statement cycle is the time that passes between two issued statements.