# The Peoples Bank Free Kasasa Cash Checking: 5.00% APY

Canonical: https://dealaka.com/offers/the-peoples-bank-free-kasasa-cash-checking-rate

- Status: Limited reports
- Bonus: 5.00% APY
- APY: 5.00% (ongoing APY on balances up to $25,000)
- Requirement: $50 minimum deposit, ongoing with qualifications
- Expires: no published end date
- Availability: KY (KY)
- Institution: The Peoples Bank
- Verified: Aug 1, 2026 against thepeoplesbank-ky.com
- Field reports: 0

## 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.

## Requirements
1. Apply through the offer page to open the Free Kasasa Cash Checking.
2. Complete the requirement: $50 minimum deposit, ongoing with qualifications.

## Fine print that matters
- 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

## Sources
- thepeoplesbank-ky.com rate page <https://www.thepeoplesbank-ky.com/personal/personal-checking> (checked Aug 1, 2026)

_This entry is reference information, not financial advice. Confirm current terms on the institution's site before you apply._