{"slug":"the-peoples-bank-free-kasasa-cash-checking-rate","category":"bank","institutionSlug":"the-peoples-bank","product":"Free Kasasa Cash Checking","title":"The Peoples Bank Free Kasasa Cash Checking: 5.00% APY","bonus":"5.00% APY","unit":"cash","amount":0,"reqShort":"$50 minimum deposit, ongoing with qualifications","expiresOn":null,"status":"live","verifiedOn":"2026-08-01","reports":0,"openIssues":0,"states":["KY"],"referralGated":false,"hardPull":false,"chex":"Pending verification","fee":"","keep":"No recurring monthly maintenance charges or fees to open or close account.","posts":"Interest credited to account on last day of current statement cycle.","applyDomain":"thepeoplesbank-ky.com","applyUrl":"https://www.thepeoplesbank-ky.com/personal/personal-checking","summary":"Free Kasasa Cash Checking earns 5.00% APY on balances up to $25,000 when account qualifications are met each month. Balances over $25,000 earn 5.00% to 1.40% depending on balance. If qualifications aren't met, the rate drops to 0.05% APY.","reqSteps":[],"finePrint":["Account transactions must post and settle during the monthly qualification cycle to qualify for rewards","APY accurate as of 07/22/2024; rates are variable and may change after account opening","No minimum balance required to earn rewards","Rewards less than a penny cannot be distributed","Fees may reduce earnings"],"apy":500,"apyTerm":"ongoing APY on balances up to $25,000","listedOn":"2026-08-01","listedAt":"2026-08-01T13:05:16.501Z","memberReports":[],"history":[],"ruleIds":[],"sources":[{"label":"thepeoplesbank-ky.com rate page","url":"https://www.thepeoplesbank-ky.com/personal/personal-checking","checkedOn":"2026-08-01"}],"needsVerification":false}