• Checking

A long time ago, somebody discovered that carrying around all your money with you all the time was impractical and inconvenient, and checking was born. These days you have plenty of choices where you keep your checking account, but other institutions can't offer you the commitment to service and dedication to community that you get with Magnolia.

Free Checking That Pays You The 3.51%APY* You Deserve (In Cash)

Kasasa Cash is a free checking account that puts 3.51%APY* right in your pocket. After all, it's your cash so you should benefit the most from it. No short-term. Just you getting the most for your money, every month. Kasasa Cash. Do you Kasasa?

Summary

Kasasa Cash is perfect for you if you want:

• Free checking that gives you extra cash each month
• 3.51% APY* on balances up to $10,000
• 1.51% APY* on amount of balance over $10,000
• 0.10% APY* if qualifications are not met
• No minimum balance
• Nationwide ATM fee refunds (up to $25 per month)
• Free online banking

Qualifications

To get 3.51%APY* do the following each month:

• 10 Signature-based Debit Card transactions
• One direct deposit or ACH automatic payment
• Receive e-statements
• Access Online Banking

If you miss a month, don't worry!

You will still enjoy free checking and there's no penalty for not qualifying in a given month. Plus you get a base rate of 0.10%APY* and you get right back to making 3.51%APY* and enjoying ATM refunds the next month you qualify.

More Info

*APY (Annual Percentage Yield). †Per Qualification Cycle. Annual Percentage Yield (APY) accurate as of 02/01/2010. There is no minimum balance on the Kasasa Cash Checking account, and the Rate tiers are as follows: The Bonus Tier is 3.51% APY and applies to balances of $.01 - $10,000 (the CAP); The Above the CAP Tier (ATC) is 1.51% APY and applies to balances over $10,000; and The Nonqualified Tier rate is 0.10% APY and applies to all balances if qualifications are not met. All balances will earn 1.51% APY to 3.51% APY as long as qualifications are met each qualification cycle. At our discretion, we may change the interest rate paid on all Tiers, and/or the CAP at any time. Nationwide ATM fee refunds up to $25 per qualification cycle if all qualifications are met. Fees may reduce earnings. You may have only one Kasasa Checking account per primary account holder. No commercial accounts may participate in this program.

†Qualification Cycle is defined as the last calendar day of the previous month through the next to the last calendar day of the current month (example: March 30 – April 29).