Rapid City, meet real checking rewards. Build your balance in no time with high interest each month, no monthly maintenance fee required.
- Really High Dividends
- Refunds on ATM Withdrawal Fees*
- No Monthly Maintenance Fee
- Free checking that pays high dividends
- 3.00% APY* on balances up to $10,000
- 3.00% to 0.25% APY on balances over $10,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (Up to $20 monthly)*
- Link to Kasasa Saver® build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Unlimited check writing
- Free digital banking services, including:
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free E-Statements
- Free Visa® debit card
- Manage your card with CardValet®
- No minimum deposit to open
Earning Your Rewards is Simple
Just do a few simple things you're probably already doing. Enrollments must be in place and all of the following transactions and activities must post and settle to your account during each Monthly Qualification Cycle:
- At least 12 debit card purchases, each greater than $4.99
- At least one direct deposit or ACH credit transaction
- Be enrolled in and agree to receive E-Statements
And if you don't meet these qualifications, your account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Sign up for our optional Executive Package today! Enjoy a free box of checks every year, along with some additional services:
- $5.00 per month
- Includes: 1 free box of checks per year, free notary service, free small safe deposit box, and free document shredding
Contact us to get started.
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, PIN-based, signature based debit card purchases less than $4.99. debit card purchases processed by merchants and received by our credit union as ATM transactions, PIN-based, signature based transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means the statement cycle preceding the current statement cycle.
When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $10,000.00 in your Kasasa Cash account earn a dividend rate of 2.9595 resulting in an APY of 3.00% and average daily balances over $10,000.00 earn a dividend rate of 0.2497% on the portion of the average daily balance over $10,000.00 resulting in a range from 3.00% to 1.63% APY depending on the account's average daily balance.
You will receive reimbursements up to an aggregate total of $20.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.
When your Kasasa Cash qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.0499% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded.
Dividends will be credited to your Kasasa Cash account on the first processing/business day of the following statement cycle.
Nationwide ATM withdrawal fee reimbursements will be credited to your account on the first processing/business day of the following statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 02/13/2020.
APY calculations are based on an assumed balance of $10,000.00 + $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Membership restrictions may apply.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
No minimum deposit is required to open the account.
Monthly Direct Deposit/ACH credit, enrollment in e-statements are condition(s) of these account(s).
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of 1 account(s) per SSN
There are no recurring monthly maintenance charges or fees to open or close this account.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA Your Savings Insured To $250,000 Per Account and Backed by the full faith and credit of the United States Government
Purpose and Expected Use of Account:
This account is intended to be the accountholder's primary share draft (checking) account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting, and entertainment transactions are posted and settled.
Commensurate with the spending activities identified above, we expect the account's debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. For example, five debit card transactions, each for a dollar, conducted at a convenience store, two days before the end of the cycle period would not be considered by our institution as normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account's rewards and thus will be deemed inappropriate transactions and will not count toward earning the account's rewards.
MED5 FCU reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders 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 different checking/share draft account or closed altogether. We also reserve the right to convert the account to a different checking/share draft account if the account does not have consistent active use over 2 consecutive Statement Cycles.
We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted, and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A MED5 FCU check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Kasasa account, any optional add-on products / services associated with this account will also be terminated at the same time.
Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.