When Hanscom FCU introduced its Kasasa Cash1 and Kasasa Cash Back2 checking accounts last year, Bill Burpeau, a relationship manager in Hanscom FCU’s partner relations department, didn’t need much convincing to sign up. “I thought, ‘OK, so I’ll get a little money back.’ That sounded good to me.”
What he didn’t expect? The excitement he feels when his Monthly Qualification email pops up in his inbox. “I read that email and it makes my day,” he said. “I’m doing nothing differently than I did before: I’m getting my statements online, direct depositing my payroll checks, and using my debit card throughout the month. That email congratulating me and letting me know I’m getting some money deposited into my account makes me feel great. That’s a real reward I can use.”
Bill deposits the $7 into his Kasasa Savings account with a 1.50% APY3, which he uses as his emergency savings. “That’s an extra $84 a year for doing what I’d do anyway,” he added. “You could also funnel that money into a CU Thrive account, which pays an even higher amount of interest.”
Want to learn more about Kasasa checking and how you, like Bill, can make your checking account pay? Visit https://www.hfcu.org/kasasa.
1 Kasasa Cash: Earn 1.00% APY on balances up to $15,000.00 in each Monthly Qualification Cycle that your account qualifies. The portion of your balance above that cap will earn an interest rate of 0.10% resulting in a range from 0.10% to 1.00% APY, depending on the account’s balance, each cycle that your account qualifies. Earn 0.01% APY in cycles that your account does not qualify. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. “Statement Cycle” means the period of time for which Hanscom FCU provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.
2 Kasasa Cash Back: Qualifying accounts earn 2.00% cash back on all debit card purchases that post and settle during each Monthly Qualification Cycle that your account qualifies, up to a total of $7.00 cash back per Monthly Qualification Cycle. Rewards are subject to change and may change after account is opened. Please refer to our Fee Schedule at https://www.hfcu.org/content/docs/fee_schedule.pdf for current fees and charges.
3 APY = Annual Percentage Yield.
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