BankVista, based in Minnesota, has substantially increased the rate on its Kasasa Cash account, offering a striking 6.00% APY on qualifying balances up to $25k.
Additionally, the Kasasa Saver account is now offering a 4.00% APY on qualifying balances up to the same amount.
This offer is accessible to all Minnesota residents.
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Key Features
Kasasa Cash
- APY: 6.00% on qualifying balances up to $25k. Balances above $25k earn 1.25% APY, and non-qualifying balances earn 0.25% APY.
- Qualifying Requirements:
- At least 10 debit card purchases per qualifying cycle.
- Enrollment in and agreement to receive eStatements.
- Enrollment in and at least one login to online banking per qualifying cycle.
- Account Terms: No monthly service fee. $50 minimum opening deposit. Interest is credited on the last day of the current statement cycle. ATM fee reimbursements up to $4.99 per transaction.
Kasasa Saver
- APY: 4.00% on qualifying balances up to $25k. Balances above $25k earn 1.25% APY, and non-qualifying balances earn 0.25% APY.
- Account Terms: No monthly service fee. $50 minimum opening deposit. One account per Social Security number.
Combined Annual Earnings
- Potential combined annual earnings of Kasasa Cash Checking (6.00% APY/$25k) and Kasasa Saver (4.00% APY/$25k) is approximately $2,500 (5.00% APY/$50k).
Kasasa Cash Back
- This account earns 2.00% cash back on debit card purchases, limited to the first $400 in monthly debit card purchases.
BankVista Overview
BankVista is a community bank that primarily operates in Minnesota.
Established in 2000, it markets itself as an independent community bank focused on personalized service and support for its customers.
Over the years, BankVista has grown in size and scope, offering a range of financial services.
Services and Products
BankVista provides a variety of banking services, including:
- Personal Banking: This includes checking and savings accounts, loans, and credit options tailored for individual customers.
- Business Banking: They offer business checking and savings accounts, commercial lending solutions, and other services for business clients.
- Investment Services: Catering to both personal and business clients, BankVista offers investment advice and solutions.
Conclusion
BankVista’s enhanced Kasasa Cash and Saver accounts present an attractive opportunity for Minnesota residents, especially for those aiming to maximize their interest earnings with high-yield checking and savings options.
The absence of monthly fees and the potential high returns make these accounts particularly appealing.
As always, it’s important to consider personal financial situations and needs when evaluating such offers.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.