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Because we're not-for-profit and member-owned, Pelican is able to offer much better rates than most other institutions. Check out how our rates compare to the national averages:*
For You:
Kasasa Cash Rewards Checking1
6.05% APY on balances up to $20,000
+ unlimited ATM fee refunds, nationwide
Kasasa Saver2
2.12% APY on balances up to $150,000
+ automatically transfer from a Kasasa checking account for easy saving
For The Kids in Your Life:
Team Pelican Youth Savings3
1.00% APY on balances
+ get paid for good grades!
Kasasa Cash for Teens4
6.05% APY on balances up to $20,000
+ secure debit card and parental controls
Let us help you create a wealth blueprint that's perfect for your individual needs. Visit or reach out to us and we'll walk you through the entire process.
*National averages based on information from FDIC.gov and are accurate as of the printing of this postcard. Rates are subject to change at any time.
¹Pelican State CU membership is required to open a Kasasa Cash rewards checking account. If you are not a Pelican member, you must be eligible to open a primary savings account with Pelican to become one. The deposit to open a primary savings account starts at a minimum of $10 ($5 to join + $5 minimum balance). A minimum deposit of $25 is required to open Kasasa Cash account. APY = Annual Percentage Yield. APYs accurate as of 1/1/2024. Rates and rewards may change after account is opened. This account is a tiered rate account. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $20,000 in your Kasasa Cash (tier 1) account earn a dividend rate of 5.89% resulting in an APY of 6.05%; and average daily balances over $20,000 (tier 2) earn a dividend rate of 0.50% on the portion of the average daily balance over $20,000, resulting in a range from 6.05% to 1.43% APY depending on the account's average daily balance. When your Kasasa Cash qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.05% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded. APY calculations are based on an assumed balance of $20,000 (tier 1) + $100,000 (tier 2) in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days. The minimum service requirements include: (1) making 15 debit card point-of-sale purchases (ATM transactions and transfers between accounts do not qualify) that are cleared and posted to your account during the qualification period; (2) having direct deposit, ACH debit or credit, or Bill Pay transaction posted to your Kasasa Cash account; (3) accessing online or mobile banking once during qualification period; and (4) receiving your monthly statement electronically. Transactions may take 1 or more banking days from the date transaction was made to post to and settle account. The qualification period is defined as a period beginning on the last day of the prior calendar month and ending on the next-to-last day of the calendar month. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher within 30 days after the statement cycle where the reimbursement was applicable in order to receive a refund. The advertised Kasasa Cash APY is based on compounding dividends. If member has a Kasasa Saver account, dividends earned on Kasasa Cash balances are automatically transferred to Kasasa Saver each statement cycle and do not compound. Actual dividends paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. Not everyone will qualify to open a Kasasa Cash rewards checking account. Pelican reserves the right to limit the number of accounts allowed per member, joint or individually. Federally insured by NCUA. Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.he U.S.A.
²APY = Annual Percentage Yield. Balances up to $150,000 in the Kasasa Saver account receive an APY of 2.12% if required service qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle. Balances of $150,000.01 and above receive an APY of 1.68% on the portion of the balance above $150,000.01 if qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle. As a result, the APY for balances above $150,000.01 will range from 2.12% - 1.68% if qualifications in the Kasasa Cash or Cash Back account are met each monthly qualification cycle, depending on the balance in the account. If qualifications in the Kasasa Cash or Cash Back account are not met, the APY will be 0.05% on all balances in the Kasasa Saver account. Monthly qualification cycle = last day of the month to the second to the last day of the next month. Monthly statement cycle = first day of the month to the last day of the month. Pelican reserves the right to limit the number accounts allowed per account owner, joint or individually.
3Pelican State CU membership eligibility required. Adult 18 years old or older must be a joint account holder on child’s Team Pelican youth savings account. Joint account holder must provide a form of identification for themself and the child, such as a birth certificate or Social Security card, to open account. Highest attainable grade on the report card pertains to each individual semester-end report card’s grading scale, including A, S (Satisfactory), and (O) Outstanding. Maximum of $35 per semester-end report card for Team Pelican accounts ($5 per A) and $70 per semester if the student also has an active Pelican Teen Checking account ($10 per A). Copy of official semester-end report card required. Report card must list account holder’s name, school name, and date or year to qualify for rewards. Only the student's most recent semester-end report card will be accepted. Report cards are accepted for either of the major semesters, such as May-end and December-end, or terms, such as spring or fall terms. December-end (or fall term) report cards can be cashed in until February 28 of the following year, and May-end (or spring term) report cards can be cashed in until July 31 of the same year.
4Pelican State CU membership and Team Pelican Youth Savings account required to open a checking account for a minor. If you are not a Pelican member, you must be eligible to open a primary savings account with Pelican to become one. The deposit to open a primary savings account starts at a minimum of $10 ($5 to join + $5 minimum balance). A minimum deposit of $25 is required to open Kasasa Cash or Kasasa Cash Back account. Must be 13-17 years of age to qualify. The purchase limit on teen debit cards is set to $500/day, and the ATM limit is set to $105/day. Parent/guardian must be listed as the joint account holder on the account and both names will be listed on the teen’s card. Overdraft Privilege will automatically be turned off and is not permitted on these cards/accounts; an overdraft link to a line of credit, credit card, or savings account is permitted at the parent/guardian’s request. Teens will be asked to provide a photo ID if they have one. The teen MUST sign the membership application in order to be issued a card. Not everyone will qualify. Pelican reserves the right to limit the number of accounts allowed per member, joint or individually.