Check out American Bank & Trust Free Kasasa Cash Checking Account that earns 2.51% APY on up to $10,000 maximum balance. Normally free checking accounts do not earn much money but this account is different. To qualify and earn 2.51% APY you must: make at least 12 debit card purchases post and settle each month, receive eStatements, have at least 1 direct deposit or automatic payment(ACH) post and settle, and you must be a South Dakota resident to open this account.
American Bank & Trust Free Kasasa Cash Checking Summary
- Account Type: Free Kasasa Cash Checking Account
- Interest Rate: 2.51% APY
- Maximum Balance: $10,000
- Availability: South Dakota (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $100 minimum
- Credit Card Funding: Unknown
- Direct Deposit Requirement: No
- Monthly Fee: No
- Refunds on ATM Fees: Yes(up to $20 monthly)
- Additional Requirements: Receive eStatements, make least 12 debit card purchases post and clear each month, have at least 1 direct deposit or automatic payment(ACH) post and settle, and must be a South Dakota resident to open this account.
- Closing Account Fee: Cancellation fees may apply. Be sure to speak with your representative.
Application Link
American Bank & Trust Free Kasasa Cash Checking Account – Must be a South Dakota resident to open this account.
How To Earn 2.51% APY:
- Sign up to American Bank & Trust Free Kasasa Cash Checking Account to earn 2.51% APY for up to $10,000.
- Receive eStatements.
- Have at least 1 direct deposit or automatic payment(ACH) post and settle.
- Make at least 12 debit card purchases post and settle per month.
Author’s Verdict
First of all, this account offers customers a higher rate on a checking account that they would use like a normal checking account. American Bank & Trust offer this account to anyone living in South Dakota for free so that means you will never have to pay a monthly service fee and no minimum balance required. They also offer the ability to link the account to Kasasa Saver for free to help build savings automatically. If you have had any experiences or issues with this bank, please let us know in the comment section below. For more reward checking accounts, you can check out our entire list of Best Reward Checking Accounts.
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