Pelican State CU Increases Dividends on Checking and Savings Accounts
October 14, 2022
BATON ROUGE, LOUISIANA – On Saturday, October 1, 2022, Pelican State Credit Union announced that the max APY on their Kasasa Cash rewards checking account increased to 5.11%–the highest rate offered in the state, and one of the highest reward checking rates in the country.* In addition, the max APY on their Kasasa Saver savings account increased to 1.00% APY.
The APY increase on the rewards checking account coincides with an increase in the maximum balance to earn it! Remaining balances over the $10,000 tier 1 maximum also earn rewards, ranging in 5.11% - 3.00% APY depending on the average balance.
The requirements needed to earn rewards are easy. Even if members don't qualify during a period, they can try again the next month and they'll still earn 0.05% APY.
The decision to raise the rates demonstrates one of the many ways that Pelican Pays its members and offers competitive products and services.
To learn more about Pelican’s Kasasa Cash checking account and Kasasa Saver savings account, stop by one of our 18 branches across the state or visit pelicanstatecu.com/cash.
*Accurate as of 10/12/2022 based on results from DepositAccounts.com, an unbiased third party providing one of the most accurate and comprehensive account comparison tools available.
Pelican State CU membership eligibility required. APY = Annual Percentage Yield. Requirements and restrictions apply. Visit pelicanstatecu.com/cash for full disclosure. Federally insured by NCUA
About Pelican State Credit Union
For over 60 years, Pelican State Credit Union has been providing financial services to individuals and their families throughout the state of Louisiana. The credit union is dedicated to improving the lives of its members through safe, competitive products and educational services. Pelican was originally chartered as the Department of Hospitals Credit Union, located in downtown Baton Rouge, to serve Louisiana charity hospitals, mental health centers, and state office personnel. They have since grown into the largest state-chartered credit union in Louisiana now serving over 60,000 members. For information, visit pelicanstatecu.com.