A simple way to save more money no extra effort
No additional qualifications. Earn your Kasasa Cash or Kasasa Cash Back rewards and, congrats — you already qualify for a higher Kasasa Saver rate, no additional qualifications! And if you miss a month, don’t sweat it. You still earn a base-rate on your savings.
Enjoy free checking that earns high interest on every dollar deposited!
If you don’t qualify, no problem! You still have a free checking account that pays .01% APY! To receive your rewards, it’s as easy as meeting these monthly minimum qualifications:
Open a Free Kasasa® Cash Account
Put your hard-earned cash right where you want it - back in your pocket!
To receive rewards, it's as easy as meeting these monthly minimum qualifications:
Open a Free Kasasa® Cash Back Account
*APY = Annual Percentage Yield. APYs accurate as of January 1, 2020. Rates and rewards are variable and may change after account is opened. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, balances up to $10,000 will receive an APY of 3.00%; and balances over $10,000 earn 0.20% interest rate on the portion of balance over $10,000, resulting in a range from 3.00% to 0.20% APY depending on the account’s balance. Additionally, you will receive reimbursements up to $25 for nationwide domestic ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified.
Qualifications for Kasasa Cash rates and rewards include a minimum of 12 point-of-sale (POS) debit card transactions per month, eStatement enrollment and a monthly log-on to online banking and must be met during the Monthly Qualification Cycle. Debit card transactions may take one or more days to post to the account and must post during the Monthly Qualification Cycle in order to qualify for the account’s rates and rewards. Monthly qualification cycle (“current statement cycle”) means the period beginning on the last day of the previous month and closing one day prior to the last day of the current month. "Statement Cycle" means the period of time for which Democracy FCU provides a summary of the financial activities and transactions that post and settle to the accountholder's account. When Kasasa Cash qualifications are not met, all balances in the account earn 0.01% APY and ATM withdrawal fees are not refunded. Dividends and ATM withdrawal fee reimbursements will be credited to your Kasasa Cash account on the last day of the statement cycle. If member has dividends earned on Kasasa Cash balances, the dividends are automatically transferred to Kasasa Saver each statement cycle and do not compound. The following activities do not count toward earning account rewards: ATM transactions, transfers between accounts and transactions made with debit cards not issued by Democracy FCU. Limit one checking per account. A $5 fee is imposed if account is close within the first 3 months. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by Democracy FCU as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by Democracy FCU. Transactions bundled together by merchants and received by Democracy FCU as a single transaction count as a single transaction for the purpose of earning account rewards.
Democracy FCU reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Account holders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a regular checking account or closed altogether. Democracy FCU reserves the right to convert the account to a regular checking account if it has not qualified in more than six (6) consecutive statement cycles.
**Rates and rewards are variable and may change after account is opened. When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 2.50% cash back on up to a total of $300.00 in debit card purchases that post to the account during that cycle period. A maximum of $7.50 cash back may be earned per Monthly Qualification Cycle. Additionally, you will receive reimbursements up to $25 for nationwide domestic ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. Qualifications for Kasasa Cash Back rewards include a minimum of 12 point-of-sale (POS) debit card transactions per month, e-statement enrollment and a monthly log-on to online banking and must be met during the Monthly Qualification Cycle. When Kasasa Cash Back qualifications are not met, no cash back payments are made, and ATM fees are not refunded. The following activities do not count toward earning account rewards: ATM transactions, transfers between accounts and transactions made with debit cards not issued by Democracy FCU. Limit one checking per account. There are no recurring monthly maintenance charges.
Contact a Democracy FCU member service representative at 800.742.5582 for additional information, details, restrictions, processing limitations and enrollment instructions.