If you don't meet the qualifications one month, don't worry. You will still enjoy free checking with ATM refunds and there is no penalty for not qualifying in a given cycle. Plus, you continue to earn high interest the next month.
*APY=Annual Percentage Yield. APYs accurate as of 5/1/2016. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $100 for Kasasa Saver. Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 ($4.00 per single transaction) and credited to account on the last day of monthly statement cycle. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) balances up to $10,000 receive APY of 2.01%; and (2) balances over $10,000 earn 0.25% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.01% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.01% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Actual interest amount paid may be less than advertised Kasasa Cash APY. Transfers between accounts do not count as qualifying transactions.