Lone Star Capital Bank (TX) Kasasa Accounts Available Statewide
Lone Star Capital Bank (LSCB) began offering Kasasa brand products almost five years ago. The Kasasa Cash’s initial 2.50% APY is still in effect, but the cap on qualifying balances was increased from $10k to $25k within the last year. Qualifying balances over $25k earn 0.25% APY, with non-qualify balances earning 0.05% APY.
The monthly qualification requirements include,
- At least 12 debit card purchases
- At least one direct deposit, ACH debit, or bill pay transaction
- Be enrolled in and receive eStatements
The Kasasa Cash account has no minimum balance requirement or monthly service fee, and can be opened with a $1 minimum deposit. Unlimited check writing is available and a free Visa® debit card will be issued following account opening. Unlimited nationwide ATM fees will reimbursed up to $20 per month ($4.99 maximum per transaction), if qualification requirements are met. ATM receipt must be presented for reimbursement of an individual ATM fee of $4.99 or higher. There is a limit of one Kasasa Cash account per Social Security number or individual taxpayer identification number. A Kasasa Cash/Kasasa Cash Back account is required to have a Kasasa Saver account.
Kasasa Saver
The Kasasa Saver currently earns 1.00% APY on qualifying balances up to $25k. Qualifying balances over $25k earn 0.25% APY, with non-qualify balances earning 0.05% APY.
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 1.00% | - | $25k | Lone Star Capital Bank, National Association | Kasasa Saver |
Kasasa Cash/Kasasa Cash Back earned rewards and ATM reimbursements are automatically transferred to the linked Kasasa Saver account each month. Like the Kasasa Cash account, the Kasasa Saver has no minimum balance requirement or monthly service fee, and requires a low $1 minimum opening deposit. There is a limit of one Kasasa Saver account per Social Security number or individual taxpayer identification number.
Annual Earnings of Combined Kasasa Cash/Kasasa Saver Accounts
The potential combined annual earnings of the Kasasa Cash (2.50% APY/$25k) and the Kasasa Saver (1.00% APY/$25k) is approximately $875 (1.75% APY/$50k).
Kasasa Cash Back
LSCB’s Kasasa Cash Back account earns 3.00% cash back on check card purchases, limited to the first $250 in monthly debit card purchases. If you are planning on maintaining a balance under $3,600, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account; the maximum annual earnings for the Kasasa Cash Back account is $90 ($7.50 per month).
The Kasasa Brand
For those not familiar with the Kasasa brand, Kasasa Cash is a type of Reward Checking Account (RCA) developed by the Texas company, Kasasa, Ltd. According to the Kasasa website,
Kasasa: the free checking account that rewards each month for doing things you already do.
By performing certain actions valuable to your bank or credit union, like using your debit card or online banking, your institution makes more money, which they share with you in the form of rewards.
In case you were wondering, “Kasasa” is just a made-up word.
In a world where real-life people are too often taken for granted as account numbers,
we didn’t want to be the next [INSERT GENERIC NAME] checking account.
Availability
Headquartered in San Antonio, Texas, Lone Star Capital Bank has a brick-and-mortar presence in four central Texas counties (Bexar, Blanco, Burnet, and Hays), but offers its Kasasa brand products to all Texas residents, 18 years or older, who have a valid Social Security number.
Opening a Kasasa Cash, Kasasa Cash Back or Kasasa Saver account can be done online, or at any of seven Texas branches located in Blanco, Dripping Springs, Johnson City, Marble Falls, and San Antonio (3).
At Lone Star Capital Bank your health and safety is important to us. We are actively monitoring the development of Coronavirus (COVID-19) and are implementing steps
and procedures at our branches to keep you and our employees safe and secure.
Bank Overview
Lone Star Capital Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 5.97% (excellent) based on September 30, 2020 data. In the past year, LSCB has increased its total non-brokered deposits by $36.53 million, an excellent annual growth rate of 17.54%. Please refer to our financial overview of Lone Star Capital Bank (FDIC Certificate # 35015) for more details.
In 2003, two San Antonio banks (Clear Lake National Bank and Mission Bank) merged and began operating as Lone Star Capital Bank, specializing in loans, deposit accounts, and other services to small and medium sized businesses, entrepreneurs, real estate professionals, and investors. Nine years later, LSCB acquired Cattleman’s National Bank (Johnson City, Texas). LSCB announced the acquisition of Business Bank of Texas (BBT) in a December 2020 press release, with the acquisition to be completed in the second quarter of 2021.
Founded in 2007, and with total assets of $106 million as of November 30, 2020, BBT specializes in advising and serving the needs of small businesses and their owners. With one branch in Austin, BBT’s primary market is Central Texas. LSCB, founded in 2003 and currently with total assets of $304 million, has seven full-service branches in San Antonio, Drippings Springs, Marble Falls, Johnson City, and Blanco. With this transaction, LSCB will exceed $400 million in assets and will be a prominent provider of banking services in the Central Texas, Texas Hill Country, and San Antonio areas.
How the Kasasa Cash Compares
When compared to High Yield Reward Checking Accounts tracked by DepositAccounts.com, which are available to all Texas residents and have maximum qualifying balances of at least $25k, Lone Star Capital Bank’s Kasasa Cash APY currently ranks second.
The above rates are accurate as of 1/30/2021.
To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.
