Learn about Severn Bank Kasasa Cash Checking account here.
Available to residents of Maryland, Severn Bank Maryland is offering a staggering 3.00% APY with a maximum balance of $15,000 on their Kasasa Cash Checking Account.
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About Severn Bank Kasasa Cash Checking
In 1980 Severn relocated its headquarters to Annapolis, MD and began a fulltime operation, though total assets were still less than half-a-million dollars. In 2007 Severn Bank moved into its own signature headquarters building on Westgate Circle in downtown Annapolis. The project has become a centerpiece of revival in a long neglected but beautiful corner of Maryland’s capital.
Continue on to learn more about the Severn Bank Maryland Rewards Checking Account below.
Severn Bank Kasasa Cash Checking Rate
Residents of Maryland can earn the industry leading rate on balances up to $15,000. With no minimum deposit, you will be able to enjoy the rate to its full potential!
- What you’ll get: 3.00% APY up to $15,000
- Eligible Accounts: Kasasa Cash Checking Account
- Credit Inquiry: Unknown
- Where it’s available: MD
- Opening Deposit: $20
- Credit Card Funding: Yes
- Monthly fee: None
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Discover Bank Online Savings||$200 Bonus + 0.40% APY||Review|
|Aspiration||$150 Bonus + 1.00% APY||Review|
|Axos Business Savings||$100 Bonus + 0.20% APY||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
How To Earn Up to 3.00% APY Rate
- Open a Kasasa Cash Checking account from Severn Bank Maryland
- To Earn 3.00% APY for Balance up to $15,000, you must complete the following requirements each month:
- At least 12 debit card purchases
- One ACH, or Direct Deposit, or one BillPay transaction
- All balances over $15,000 will earn 3.00% to 0.57% APY Rate.
|Balance Requirement||APY Rate|
|$15,000+||3.00% to 0.57% APY|
|If qualifications are not met||0.05% APY|
- ATM Fee Refunds
- No minimum balance to earn rewards
- Free online banking and bill pay
- No monthly maintenance fees
- Free eStatements
- Debit Card
All in all, the current tiered rates from Severn Bank Maryland is fantastic if you are able to meet the requirements. Although the maximum balance deposit has lowered to $15,000, the high rates are worth taking a second look at.
Lastly, let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Rewards Checking!
Check back often to see the latest info on Severn Bank Maryland’s Free Rewards Checking Account.