bank rates

Buffalo Checking Account Pays 2.01%

An open checkbookAlden State Bank is offering Buffalo-area residents a competitive account combo, including a rewards checking account and a savings account that pays as well as the best nationally available deal.

To earn 1.01% APY on your savings, you’ll need to pair your Kasasa Saver account with a Kasasa Cash rewards checking account, paying 2.01% APY.

And like a typical rewards checking account, there are some rules to follow to earn the top yield.

It takes just a minimum deposit of $25 to open your Kasasa Cash account with the Alden, N.Y.-based bank.

Then, every month you’ll need to make at least a dozen debit card purchases, make at least one automatic bill payment or receive at least one direct deposit, receive eStatements and sign into online banking.

If you do those things, you’ll earn 2.01% APY on balances to $15,000 with your rewards checking account.

Larger balance portions earn 0.51% APY. You’ll also get up to $10 a month in ATM fees reimbursed.

You also need a deposit of at least $25 to open a Kasasa Saver account. By meeting the Kasasa Cash requirements, you’ll earn 1.01% APY on your savings account for balances to $15,000. Higher balance portions earn 0.51% APY.

If you don’t meet the minimum requirements for a particular month, you’ll earn 0.05% APY on both accounts.

The accounts have no monthly maintenance fee, and no minimum balance requirements.

If you don’t live in the Buffalo area, SFGI Direct ( pays 1.01% APY on nationally available savings accounts with a $500 minimum deposit. The account has no monthly fees. SFGI Direct is the online division of Summit Community Bank, with 15 branches in Virginia and West Virginia.

Alden State Bank has branches in Alden and Lancaster, east of Buffalo. You can open your account online or at a branch.

These accounts are open to residents of the bank’s service area. We tested a number of Buffalo ZIP codes on the online account application, and they all appeared to qualify.

For more information, visit or call 716-937-3381.

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