bank rates

6-State Deal: 1% Savings, 3% Checking

Man holding arms out as money floats down from the skyIf you live in any of six Southern states, you can open a savings account at First Financial Bank that pays a solid 1.00% APY on balances to $50,000.

The bank, based in El Dorado, Ark., makes its Kasasa accounts available to anyone who lives in Arkansas, Texas, Mississippi, South Carolina, Kentucky and Oklahoma.

Its Kasasa Saver account must be linked to a Kasasa Cash rewards checking account, which is paying 3.00% APY on balances to $15,000.

Like a typical Kasasa Cash account, you need to make at least 12 debit card purchases in a month, plus log into online banking and sign up for eStatements to earn the best rates.

By meeting those qualifications, you’ll be paid 3.00% APY for your checking account balance up to $15,000 and get your domestic ATM fees reimbursed. Any money in your account above $15,000 earns 0.25% APY.

At the same time, by meeting those requirements your Kasasa Saver account will earn 1.00% APY on balances up to $50,000, making it competitive with the best nationally available savings accounts. Balances above $50,000 earn 0.25% APY.

If you don’t fulfill the requirements, both of your accounts will earn only 0.05% APY for that month.

Neither the Kasasa Cash nor the Kasasa Saver account has a minimum deposit requirement to open an account. You also don’t need to keep a certain amount in the accounts to earn interest. And both accounts have no fees.

First Financial Bank has six branches in Arkansas and two branches in Mississippi. If you don’t live near one of the branches, you can open your accounts online.

For more information, visit or call 800-562-6896.

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