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Kasasa Cash Checking

Free checking AND higher dividends? That's a win-win.


There's no need to choose. Take them both! Kasasa Cash® from Central Virginia Federal Credit Union is the free checking account that rewards you for doing a few simple things you probably already do, like using direct deposit, your free Visa® debit card and eStatements.

  • Earn 5.00% APY* on balances up to and including $25,000
  • Earn 5.00% to 1.40% APY on balances over $25,000, depending on your balance*
  • Earn 0.05% APY* on all balances if qualifications aren't met (see below)
  • Receive refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
  • Link this account to Kasasa Saver® and build your savings with automatic transfers

We make it easy to open this account and even easier to use. You decide how much interest you want to earn based on your balance, and you always have access to digital banking tools to manage money anytime.

  • No minimum deposit to open and no minimum balance to earn rewards
  • No monthly maintenance fee
  • Free use of online banking with bill pay, our mobile app and eStatements

It's easy to earn dividends at our highest interest rate


All you need to do is make sure these transactions and activities occur during each monthly qualification cycle:

  • Post at least 1 direct deposit or ACH payment transaction
  • Make at least 15 debit card purchases
  • Enroll in and agree to receive eStatements

What if you don't meet these qualifications in a given month? Your account is still free and you still earn interest at our base rate. And then you have another opportunity to meet the qualifications the following month.

Which Kasasa checking account works best for you?


Account
Free Kasasa Cash Checking

Open in Minutes
Free Kasasa Cash Back Checking

Open in Minutes
Best For High Dividends
Cash Back
Monthly Rewards
  • 5.00% APY* on balances up to $25,000
  • 5.00% to 1.40% APY* on balances over $25,000 depending on balance in account
  • 0.05% APY* if qualifications aren't met
  • 5.00% cash back on debit card purchases*
  • Cash back earned on up to $200 in purchases monthly
  • Up to $120 cash back per year, $10 per month
Monthly Maintenance Fee
None None
Refunds on ATM Withdrawal Fees
Up to $25 monthly*
Up to $25 monthly*
Free Online & Mobile Banking Access
Yes Yes
Free Debit Card
Yes Yes
Minimum Opening Deposit
None None

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. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

"Monthly Qualification Cycle" means a period beginning one (1) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle.

See one of our member service representatives or view specific Monthly Qualification Cycle dates below.

Reward Information:

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $25,000.00 in your Kasasa Cash account earn a dividend rate of 4.889% resulting in an APY of 5.00%; and average daily balances over $25,000.00 earn a dividend rate of 0.50% on the portion of the average daily balance over $25,000.00, resulting in a range from 1.40% to 5.00% APY depending on the account's average daily balance.

You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.

NOTE: ATM fee reimbursements only apply to Kasasa Cash, Kasasa Cash Back, or Kasasa Tunes transactions via ATM; Kasasa Saver ATM transaction fees are not reimbursed nor refunded.

When your Kasasa Cash qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.50% resulting in an annual percentage yield of 0.50% and ATM withdrawal fees are not refunded.

Dividends will be credited to your Kasasa Cash account on the last day of the current statement cycle.

Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APYs accurate as of 12/12/2023

APY calculations are based on an assumed maximum balance of $25,000.00 + $100,000.00 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days.

Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Additional Information:

Membership restrictions may apply.

Account approval, conditions, qualifications, limits, timeframes, enrollments, logins and other requirements apply.

No minimum deposit is required to open the account.

Monthly Direct Deposit/ACH Credit/ACH Debit is a condition of this account.

Enrollment in electronic services (e.g. online banking, eStatements) and logins may be required to meet some of the account's qualifications.

Limit of 1 account(s) per social security number/tax ID number.

There are no recurring monthly maintenance charges or fees to open or close this account.

A Kasasa Cash account is required to have a Kasasa Saver account.

A linked Kasasa Saver account is required for automatic savings.

Advertised information and rewards are based on all account qualifications being met during each cycle period.

Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Federally insured by NCUA

Trademarks:

Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

The following dates apply to our Kasasa account(s). Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. Please refer to your account's Truth In Savings disclosure for your account's specific qualification requirements. To qualify for your account's rewards, all of your account's qualifying transactions must post and settle to your specific Kasasa account within the Monthly Qualification Cycle dates stated below. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account's rewards. 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 your account's rewards.

Month Begin End
January 2024 12/31/2023 1/30/2024
February 2024 1/31/2024 2/28/2024
March 2024 2/29/2024 3/30/2024
April 2024 3/31/2024 4/29/2024
May 2024 4/30/2024 5/30/2024
June 2024 6/1/2024 6/30/2024
July 2024 7/1/2024 7/31/2024
August 2024 8/1/2024 8/31/2024
September 2024 9/1/2024 9/30/2024
October 2024 10/1/2024 10/31/2024
November 2024 11/1/2024 11/30/2024
December 2024 12/1/2024 12/31/2024