ECCU Kasasa Cash Checking Account – 3% APY On Balances Up To $10,000 – No Direct Deposit Required [Christian Banking]

William Charles Travel

Update 9/2/20: Reminder that the maximum balance is now $10,000.

Update 7/24/20: E-mail has been sent out stating that the maximum balance for 3% APY will be reduced from $35,000 to $10,000 on September 1st 2020.

Offer at a glance

  • Interest Rate: 3% APY
  • Minimum Balance: None
  • Maximum Balance: $10,000
  • Availability: To qualify for membership you must be related to a current member. Another way to qualify is to agree to ECCU’s Statement of Faith, and supply the name of the church and the city.
  • Direct deposit required: None
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $5,000 $2,500
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • ECCU offers a kasasa cash checking account. This account earns 3% APY on balances up to $10,000 when you complete the following requirements each monthly qualification cycle:
    • At least 12 debit card purchases
    •  Be enrolled in online statements
    •  Be enrolled in and log into online banking

The Fine Print

  • 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.

  • “Monthly Qualification Cycle” differs from the current statement cycle. Contact member services at 800.634.3228 or internationally at 714.671.5705. or reference any of the Kasasa Truth In Savings Disclosure documents for specific Monthly Qualification Cycle dates.

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

Please keep comments to discussing this account/hard pull soft pull. I really don’t enjoy moderating comments when people just go entirely off topic. In terms of this account itself it seems like a good option compared to other high interest accounts. We still need to know if it’s a hard or soft pull. We will be adding this to our best high yield savings account pages.

 

The post ECCU Kasasa Cash Checking Account – 3% APY On Balances Up To $10,000 – No Direct Deposit Required [Christian Banking] appeared first on Doctor Of Credit.

Written by Doctor Of Credit @ https://www.doctorofcredit.com

Written by Doctor Of Credit @ https://www.doctorofcredit.com