What do you think when a 100-year-old bank pays you to bank with them? This bank knows how to KASASA! Do you Kasasa?
When you Kasasa we pay you to bank with us.
What does Kasasa mean?
Kasasa is Honor Bank’s FREE* checking account that pays you to bank with us. You can earn a high interest rate or cash back…you decide!
At Honor Bank your checking account is the link to your secure personal finance system. It makes Honor Bank stand out among all Traverse City banks.
Now you can build your own automated personal finance plan: one that directs your money to where it needs to go, on your schedule, with minimal involvement from you. That’s the advantage you have with an Honor Bank Free Kasasa checking account — it pays you. Honor Bank is the only Traverse City bank that pays you to be their bank customer. Think about that.
types of rewards kasasa offers
With Kasasa, you can choose between two free checking accounts designed to give you the rewards that work best for your lifestyle. Both accounts are free with no minimum balance requirements or monthly fees. In addition, Honor Bank is the only Traverse City, Mich., bank that refunds your ATM fees, nationwide — whether you’re in Traverse City, Mackinaw City, Kansas City — or in any other city.
- You can earn 2.01% APY on your checking account balance up to $10,000.
- You earn 2.0% cash back on all your debit card purchases every month up to $6.
Earning your rewards
Unlike other reward accounts, you don’t have to jump through hoops to earn these rewards. E-statements are a condition of the account (which is a very green thing to do). And then just do some banking basics every month -- which you probably already do -- like logging into your online banking, making at least 15 debit card transactions and having at least one electronic debit (like a utility bill) paid from your account. The nice thing about these requirements is that there are NO penalties. If you don’t qualify during a given cycle, it’s still free and the Kasasa Cash account still earns a base interest rate. And you can try again next month!
Where can you get kasasa checking?
Kasasa checking accounts are exclusively available at community banks like Honor Bank for two reasons. First, because community banks are known for their personal service. Secondly, because community banks are vital to the well-being of local economies and the U.S. That’s the mission of Honor Bank every day.
When you are paid to bank at Honor Bank, the money left over after your bills are paid is yours to spend guilt-free, or add to your savings or long-term investments. It’s time to Kasasa at your Traverse City Bank today!
Visit any of our eight locations to open your Kasasa Checking account to start earning your rewards. Let us pay you to bank with us.
Here are all the good things to know about Kasasa Banking!
*When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle,
- Kasasa Cash: An interest rate of 1.99% will be paid on the portion of your daily balance that is less than or equal to $10,000 and the non-compounding annual percentage yield* for this tier is 2.01%. An interest rate of 0.26% will be paid on the portion of your daily balance that is greater than $10,000 resulting in non-compounding annual percentage yield for this tier ranging from 2.01% to 0.41%, depending on the account’s balance and
- Kasasa Saver: An interest rate of 0.9954% will be paid on the portion of your daily balance that is less than or equal to $100,000 and the annual percentage yield for this tier is 1.00%. An interest rate of 0.26% will be paid on the portion of your daily balance that is greater than $100,000 resulting in annual percentage yield for this tier ranging from 1.00% to 0.63%, depending on the account’s balance
When Kasasa Cash qualifications are not met,
- Kasasa Cash and Kasasa Saver accounts: the interest rate paid on the entire balance will be 0.03% with a non-compounding annual percentage yield of 0.03%.
APY = Annual Percentage Yield and are accurate as of 3-24-2017. APY calculations are based on an assumed total account balance of $210,000.