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Feel good about where you bank, and earn high interest just for doing things you do anyway — like using your debit card.

Key Features

  • High Interest
  • No Monthly Maintenance Fees
  • Mastercard® Debit Card
  • Digital Banking
  • Free checking that pays high interest
  • 1.25% Annual Percentage Yield (APY)1 will be paid on the portion of your daily balance that is less than $10,000.2
  • 1.25% to 0.34 % APY1 on balances greater than or equal to $10,000 depending on account balance2
  • 0.02% APY1if qualifications aren't met2
  • Unlimited refunds on ATM withdrawal fees, nationwide2
  • Gives you access to opening a free Kasasa Saver® to grow your deposits even more
  • No monthly maintenance fees
  • No minimum balance to earn rewards
  • Free online banking app (includes a mobile deposit feature)
  • Free eStatements
  • Free debit or ATM card (subject to approval)
  • Overdraft protection available
  • $50 minimum deposit to open

Earn Your Rewards Stress-Free

Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:

  • At least 1 ACH credit or debit transaction
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive eStatements

Simple. Didn’t meet your qualifications one month? Don’t worry. Your account is still free, and you’ll still earn our base interest rate. Then you can get back to earning your full rewards the very next month.

Kasasa Qualification Calendar

1APYs accurate as of 11/16/2021. 

2Qualification Information: 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 Security Federal Bank (SFB) as ATM transactions, purchases made with debit cards not issued by SFB, and bill payments made through SFB’s online banking.  Transactions bundled together by merchants and received by SFB as a single transaction count as a single transaction for the purpose of earning account rewards.  “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. See the SFB website or contact one of SFB’s service representatives for specific Monthly Qualification dates. Additional Information: Limit 1 Kasasa checking account per social security number.  Individuals must be at least 18 years of age to open.  Account approval, conditions, qualifications, limits, time frames and other requirements apply.  A $50 minimum deposit is required to open the account. There are no recurring monthly service charges or fees to open or close this account. Qualifications and rewards may vary by account.    Rates and rewards are variable and may change after account is opened.  Fees may reduce earnings.  Enrollment in electronic services (e.g. online banking, electronic statements) is required to meet some of the account’s qualifications. Contact a SFB service representative for additional information, details, restrictions, processing limitations and enrollment instructions. This account is not to be used for commercial purposes.  If the account is closed, you will forfeit any rewards that have not been credited to your account. Reward Information: When qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account on the last business day of the current statement cycle (will be treated as interest for IRS Form 1099 INT reporting purposes): (1)  1.25% APY will be paid on the portion of your daily balance that is less than $10,000; and daily balances greater than or equal to $10,000 earn 0.25% APY on the portion of daily balance over $10,000, resulting in a range from 1.25% to 0.34% APY depending on account’s daily balance (2) ATM reimbursements (max. of $4.99 per single transaction) for nationwide ATM withdrawal fees imposed by other financial institutions.  When Kasasa Cash qualifications are not met, the account’s entire daily balance earns 0.02% APY and ATM withdrawal fees are not refunded.  Interest and Nationwide ATM withdrawal fee reimbursements will be credited to your Kasasa Cash Account on the last business day of the current statement cycle.  Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.