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TAB Bank 4% APY On Balances Up To $50,000 -NO DD required

-6 Deal Score
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TAB Bank [tabbank.com] is offering 4% APY on balances up to $50,000 when the following requirements are met:
  • At least 1 direct deposit, ACH payment, or bill pay transaction(s)
  • At least 15 debit card purchases of at least $5 each
  1. Direct deposit required: No, ACH payment or bill pay also works
  2. Interest Rate: 4% APY
  3. Insured: FDIC
  4. Minimum Balance: None
  5. Maximum Balance: $50,000
  6. Additional requirements: 15 debit card transactions of $5+
  7. Availability: Nationwide
  8. Soft Pull
  9. Credit card funding: NO
  10. Monthly fees: None
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This comment has been rated as unhelpful by Slickdeals users
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#2
Never heard of the bank
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#3
note that receiving e-statements is a condition of having this account.
Here's how easy it is to earn your rewards!
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
At least 1 direct deposit, ACH payment, or bill pay transaction(s)
At least 15 debit card purchases**
And if you don't meet these qualifications, don't worry – your account is still free.
Plus, you'll still earn our base r
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Joined Oct 2006
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#4
Just note if you miss ANY of the mandated transaction type requirements:


ALL BALANCES IF QUALIFICATIONS NOT MET

0.0499%

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#5
very good rate. thanks OP
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#6
Quote from Switching2Geico
:
Kasasa Cash account during each Monthly Qualification Cycle:
At least 15 debit card purchases**
Screw Kasasa...
I get 2.25% from my All In One Sofi Money bank & 2% CB from Citi Doublecash card. I'm already .25% above this rate & 99% less hassle!
What's insane is no one is talking about Sofi Money, it's my wet dream come true of being an AIO acct! They're big on the loan side I guess.
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#7
Quote from jneset
:
Screw Kasasa...
I get 2.25% from my All In One Sofi Money bank & 2% CB from Citi Doublecash card. I'm already .25% above this rate & 99% less hassle!
What's insane is no one is talking about Sofi Money, it's my wet dream come true of being an AIO acct! They're big on the loan side I guess.
How do you stack 2.25% from my All In One Sofi Money bank & 2% CB from Citi Doublecash??
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#8
Quote from addictedsaver
:
How do you stack 2.25% from my All In One Sofi Money bank & 2% CB from Citi Doublecash??
It made sense to me. 2.25% here, 2% there=4.25%?
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#9
Quote from jneset
:
It made sense to me. 2.25% here, 2% there=4.25%?
I guess you saw the movie Dumb and Dumber last night!
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#10
Quote from jneset
:
It made sense to me. 2.25% here, 2% there=4.25%?
That's not how this works. You're comparing apples and oranges.
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#11
Quote from jneset
:
It made sense to me. 2.25% here, 2% there=4.25%?
Isn't it better 4% here, 2% there=6%?
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#12
Quote from Mydiscover
:
I guess you saw the movie Dumb and Dumber last night!
Quote from giantbruin
:
That's not how this works. You're comparing apples and oranges.
Quote from addictedsaver
:
Isn't it better 4% here, 2% there=6%?
No because you're having to use stupid Kasasa 15 debit card transactions here to get this rate. You can get these rates with any Kasasa usage requirements.
My hoops I have to jump thru with my setup are slim to none vs that.

My Citi Doublecash=guaranteed 2% with no requirements & a few other perks are still remaining.
I'll collect interest on their money with cc, not let my money get sucked immediately with debit card.
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#13
Quote from jneset
:
No because you're having to use stupid Kasasa 15 debit card transactions here to get this rate. You can get these rates with any Kasasa usage requirements.
My hoops I have to jump thru with my setup are slim to none vs that.

My Citi Doublecash=guaranteed 2% with no requirements & a few other perks are still remaining.
I'll collect interest on their money with cc, not let my money get sucked immediately with debit card.
Spend and account balance are mutually exclusive... the math doesn't pan out since your spending reduces your balance. Best case scenario, you earn 4% on your balance of 50k and have to spend $75/mo to maintain the rate, which would be net positive vs sofi money and Citi dc. That said, the 15 debit transaction requirement is a huge hassle
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#14
you can pump gas, load amazon balance, break up utilities payments, etc..
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#15
1 easy ACH payment or bill payment... very easy to get 4% interest rate
I use Amazon allowance for the 15 debit card purchases
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Last edited by hbsjr April 29, 2019 at 05:13 PM.
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