Free Kasasa Cash®

Open a Kasasa Cash® account now!

Choose free checking that pays high interest and refunds on ATM withdrawal fees when your account qualifies.1

We basically pay you to bank here. By doing banking basics that you probably already do, your Free Kasasa Cash® checking account can earn up to 0.50% APY1. You’ll also get refunds on your ATM withdrawal fees, nationwide, each Monthly Qualification Cycle1 that you qualify, so every ATM can be your ATM.1

The benefits of this account are:

  • 0.50% APY on balances up to $20,000 each cycle that you qualify1
  • 0.05% APY on balances over $20,000 each cycle that you qualify1
  • 0.05% APY if qualifications aren’t met
  • Refunds on ATM withdrawal fees, nationwide each cycle that you qualify1
  • Can link to free Kasasa Saver® to build savings automatically
  • No monthly service charge
  • Unlimited check writing
  • Free Online Banking2
  • Free Bill Pay2
  • Free Mobile Banking2
  • Free Remote Deposit2
  • Free Telephone Banking2

Looking for more benefits? Check out Kasasa Saver!

1APY=Annual Percentage Yield. APYs accurate as of Tuesday, Dec 6, 2022. Kasasa rates and rewards are variable and may change after account is opened. No minimum to open any Kasasa account. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current Statement Cycle through one day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which Bay State Savings Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Kasasa Cash: If qualifications are met each Monthly Qualification Cycle: (1) Nationwide ATM fees incurred during qualification cycle will be reimbursed up to $20 ($5.00 per single transaction) per qualification cycle and credited to account on the last day of Monthly Statement Cycle; (2) balances up to and including $20,000 receive APY of 0.50%; and (3)  balances over $20,000 earn 0.05% interest rate on the portion of the balance over $20,000 resulting in a range from 0.50% to 0.13% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post and settle to Kasasa Cash account during Monthly Qualification Cycle. Transactions may take one or more banking days from the date transaction was made to post and settle to account. ATM-processed transactions do not count towards qualifying debit card transactions. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each Statement Cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM of $5.00 or higher. Fees may reduce earnings.

2Standard internet/telephone carrier rates and fees apply.

Please refer to Bay State Savings Bank Retail Fee Schedule for current fees and charges.

Visit our Additional Services Page for information regarding our ATM services.

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF).