Community Bank of Pleasant Hill Review: Checking, Savings, CD, Money Market and IRA Accounts

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Updated on Tuesday, September 1, 2020

Community Bank of Pleasant Hill’s checking account options

Free Kasasa Cash

This free checking account offers a competitive rate if you meet its qualifications.
APYMinimum Balance Amount to Earn APY
0.51%Up to $10,000
0.05%$10,000
A lower APY will be applied if you don’t meet the qualifications for the rates above.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This checking account is great for those looking for a low-cost option that gives you a decent rate, as this one has the best APY for lower balance amounts as long as you meet its qualifications. To qualify, you’ll need to either have one direct deposit or at least 10 debit purchases greater than $5 each month.

The free checking account also comes with a free Visa debit card, bill pay, e-statements and mobile banking. You can also link it to a Kasasa Saver account for overdraft protection. Keep in mind you’ll need to pay $10 per transfer, which is less than the standard overdraft fee.

How to get the Free Kasasa Cash account

The application process takes around 10 minutes online. To do so, head over to the bank’s website for the application and fill in your personal details such as your address, Social Security number and government-issued ID. If you want to open a joint account, he or she will need to fill in personal details as well. You’ll then need to fund your account after choosing which account you want.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Free Kasasa Cash Back

A free checking account that rewards you every time you use your debit card but doesn’t earn you any interest.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This free checking account — while it doesn’t earn any interest — is best for those who make frequent purchases with their debit card and don’t intend on keeping a lot in their account. That’s because you can earn up to $9 a month back from your qualified debit card purchases. Account holders get 3% cash back on each purchase, up to $300 in purchases each month. You’re looking at up to $108 per year, which could be more than what you can earn in interest with the Free Kasasa Cash account. Terms and conditions apply.

Features also include free bill pay, e-statements, mobile banking and a Visa debit card. You’ll need to make at least one direct deposit or at least 10 debit card purchases larger than $5 per month to qualify for the cashback rewards.

How to get the Free Kasasa Cash Back account

You can apply for the cashback account in about 10 minutes using the online application. You’ll need to fill in you personal details such as your address, government-issued ID and Social Security number. Then, you can fund your account.

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on Community Bank Of Pleasant Hill’s secure website

Free Kasasa Tunes

Account holders don’t earn interest, but you’ll get refunds on iTunes®, Amazon® and Google PlayTM purchases.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This checking account is best for those who frequently make purchases on Amazon®, Google PlayTM or iTunes®. You won’t earn any interest, so you’ll want to make sure you can maximize the rewards this account offers before signing up.

When you open an account, you’ll get a sign-up bonus of $9.90 in refunds for iTunes®, Amazon® and Google PlayTM as long as you make your purchases with your Kasasa debit card within the first 90 days of the account opening. You can also earn up to $9.90 in refunds for iTunes®, Amazon®, or Google Play™ purchases each month as long as you make at least 10 debit card purchases that are larger than $5. Terms and conditions may apply.

You also get the same features as the other Kasasa checking accounts — free mobile banking, a Visa debit card, online bill pay and e-statements.

How to get the Free Kasasa Tunes account

You can complete the application in about 10 minutes using Community Bank of Pleasant Hills’ online application. You’ll need to provide your personal details such as your name, employment information, Social Security number and government-issued ID. Afterward, you can fund your account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Green Checking

This is the bank’s basic checking account with no frills and no rewards.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This is your basic checking account. It’s best for those who don’t want to pay monthly maintenance fees. You get free bill pay, mobile banking and a Visa debit card. But it’s not the best option the bank offers as it doesn’t earn you any interest. That would still be the Kasasa Cash account, because even if you don’t meet the month’s transaction requirements, you’re still earning some interest.

How to get the Green Checking account

Head to the bank’s website and fill out an application, which takes about 10 minutes. You’ll need to provide personal details such as your name, address, employment information, Social Security number and government-issued ID. Afterward, you’ll need to pick the product you want and fund your account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Interest Checking

You can earn a bit of interest — but it does come with a monthly maintenance fee.
APYMinimum Balance Amount to Earn APY
0.05% None
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $6 (this can be waived)
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This interest-bearing checking account isn’t anything to write home about, as the rates are pretty low compared to what you could get with other accounts here. So this account is probably best for those who won’t use their debit card often or use the account for direct deposits.

You’ll get the same features as the other checking accounts — free mobile banking, bill pay and a Visa debit card. You can waive the monthly maintenance fee by keeping a minimum daily balance of $400 and opting to receive e-statements. If you want paper statements, you’ll pay $4 a month, but this fee can be waived if you keep a daily balance of at least $10,000.

How to get the Interest Checking account

You can open an account by filling out an application on its website. You’ll need to provide details such as your name, address, Social Security number, employment information and government-issued ID. Afterward, you’ll need to indicate what type of account you want and fund the account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Wall Street Checking

You get a higher APY than the Interest Checking account.
APYMinimum Balance Amount to Earn APY
0.05% $0.01
0.15%$2,500+
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $8 (this can be waived)
  • ATM fee: None
  • ATM fee refund: Up to five refunds ($25 total) a month per debit card
  • Overdraft fee: $12 for amounts $10 or less; $29 for amounts higher than $10

This account is for those who want a higher interest rate and intend on keeping larger amounts of cash in there. You can waive the monthly maintenance fee if you maintain a minimum daily balance of $1,000.

Aside from the higher rate, you get the same features as the regular Interest Checking account — a free Visa debit card, bill pay, mobile banking and e-statements.

How to get the Wall Street Checking account

You can fill out an application online on the bank’s website. The form will ask you to provide personal details such as your name, address, employment information, government-issued ID and Social Security number. You can then fund your account afterward.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

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How Community Bank of Pleasant Hill’s checking accounts compare

Overall, the checking accounts at Community Bank of Pleasant Hill are on par with what’s being offered out there. But its Kasasa accounts aren’t unique in that other banks can also offer those. Given that, the bank does offer a better APY for the Kasasa Cash account — and not all seem to offer the same amount of cash back.

In terms of its own accounts, those rates fall short with the competitors. The benefits to those accounts are that you don’t get charged any ATM fees and get reimbursed for some out-of-network ATM use. Check out our list of the best checking accounts.

Community Bank of Pleasant Hill’s savings account options

Free Kasasa Saver

This savings account doesn’t have a monthly maintenance fee.
APYMinimum Balance Amount to Earn APY
0.20%None
0.05%$10,000
 A lower APY will be applied if you don’t meet the qualifications for the rates above.
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: None
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A

This is a great account for those considering getting any of the Kasasa checking accounts who want to link a savings account for overdraft protection. It’s also ideal for those who don’t intend on keeping a large amount of money, as the APY goes down the more you keep in the account.

You’ll need to link your account to Kasasa Cash or the Kasasa Cash Back rewards account. With either of those accounts, you’ll then need to either make at least one direct deposit or make a minimum of 10 debit card purchases larger than $5 each month.

With this account, you also get free mobile banking, e-statements and telephone banking. And because this is a savings account, you’re allowed up to six certain withdrawals a month, as per Federal Reserve Regulation D.

How to get the Free Kasasa Saver account

You can complete the application process in 10 minutes. Fill in your details in the online form, which includes your name, address, employment information, Social Security number and government-issued ID. If you have a joint owner, he or she will need to fill in their personal details. Afterward, it’s a matter of funding your account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Savings Account

The APY is pretty low compared to its other accounts.
APYMinimum Balance Amount to Earn APY
0.05%None
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: None
  • Monthly account maintenance fee: $1 (can be waived)
  • ATM fee: N/A
  • ATM fee refund: N/A

This savings account has pretty low rate. It is best for those who want to link it to a checking account for overdraft protection. You can avoid the monthly maintenance fee if you can maintain a minimum daily balance of $50.

Although Regulation D allows a maximum of six certain withdrawals a month for savings accounts, Community Bank of Pleasant Hill starts charging you an excessive withdrawal fee after two. You’ll pay $1 per transaction each month that you exceed the bank’s limit.

How to get Community Bank of Pleasant Hill’s Savings Account

You can complete the application process in 10 minutes. Fill in your details in the online form ,which includes your name, address, employment information, Social Security number and government-issued ID. If you have a joint owner, he or she will need to fill in their personal details. Afterward, it’s a matter of funding your account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Premier Money Management

Earn a competitive rate, but you’re restricted to when you can withdraw your cash.
APYMinimum Balance Amount to Earn APY
0.00%None
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: None
  • Monthly account maintenance fee: $10 (this can be waived)
  • ATM fee: N/A
  • ATM fee refund: N/A

This savings account is great for those who want to earn a competitive APY and intend on keeping a larger balance. As long as you have at least $10,000 in your account, you can waive the monthly maintenance fee.

Community Bank of Pleasant Hill also guarantees that your rate will not be less than quarter of a percent under the U.S. Treasury Bill Index rate. You’re also limited to free withdrawals on the second and fourth Wednesdays of each month. Any other time and you’ll need to pay a $25 fee.

How to get the Premier Money Management account

To open an account, you’ll need to contact Community Bank of Pleasant Hill either via this form, by calling customer service at 816-540-2525 or heading to one of its local branches.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

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How Community Bank of Pleasant Hill’s savings accounts compare

This bank’s savings accounts fall short when compared to other online banks and and credit unions. The free and mid-tier checking accounts offer much lower rates than the ones found on our list of the best rates for savings accounts. Although the Premier Money Management account offers a pretty high rate, it’s a bit too restrictive for our liking. All this to say, you’re better off looking elsewhere.

Community Bank of Pleasant Hill’s CD rates

Fixed-rate CD

Offers a wide range of terms but doesn’t pay stellar rates.
TermAPY
30 days0.05%
90 days0.05%
6 months0.05%
1 year0.05%
2 years0.05%
3 years0.05%
4 years0.10%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: $100 or 3% of the withdrawal amount, whichever is more

This fixed-rate CD offers guaranteed rates as long as you keep the initial deposit amount in the account until maturity, so it’s best for those looking for conservative investment option. Interest is compounded and credited to your account quarterly. When your account matures, you’ll have a 10-day grace period where you can decide what you want to do. If you do nothing, your CD will automatically be renewed.

How to get Community Bank of Pleasant Hill’s CDs

To open a CD, you can head to its website and fill out an application. The form will ask you to provide personal details such as your name, address, employment information, Social Security number and government-issued ID. Afterward, you’ll need to fund the account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Rate Watcher CD

Get the chance to bump up your rate.
TermAPY
15 months0.05%
27 months0.05%
  • Minimum opening deposit: $5,000
  • Minimum balance amount to earn APY: $5,000
  • Early withdrawal penalty: $100 or 3% of withdrawal amount, whichever is more

This CD is great for those who want to increase their rates without switching CD accounts. If you’re able to meet the $5,000 opening balance, then you may be able to increase your rate if the advertised APY goes up anytime before your CD matures. You’re allowed one rate bump during your term if the rate goes up. You’ll need to contact the bank to request it.

Interest is compounded and credited to your account quarterly. When your CD matures, there is a 10-day grace period in which you can close the account, make additional withdrawals or renew the CD. If you do nothing, your account will automatically be rolled over.

How to get a Rate Watcher CD

To open a CD, you can head to its website and fill out an application in about 10 minutes. The form will ask you provide personal details such as your name, address, employment information, Social Security number and government-issued ID. Afterward, you’ll need to fund the account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

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How Community Bank of Pleasant Hill’s CD rates compare

Even with the option to bump up your rates, the bank’s CD options fall way short of online competitors. Some of these other banks and credit unions don’t even require a minimum opening deposit to get the best rates. Those looking for the highest rates are better off going elsewhere.

To see your options, check our list of the best CD rates.

Community Bank of Pleasant Hill’s money market account option

Money market account

These CDs come in varying terms and can be used to build a nest egg or as an IRA certificate.
APYMinimum Balance Amount to Earn APY
0.05%$0.01
0.10%$25,000
0.15%$50,000
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: None
  • Monthly account maintenance fee: $10 (this can be waived)
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: None

The money market account gives account holders the opportunity to earn higher rates than the bank’s regular Savings Account, but it’s nothing to write home about. Interest you earn is compounded and credited monthly.

You can waive the monthly maintenance fee if you can keep a minimum daily account balance of $1,000. Because it’s technically a savings account, Federal Reserve Regulation D allows account holders up to six certain withdrawals a month. Community Bank of Pleasant Hill does charge an excessive withdrawal fee of $10 per transfer whenever you exceed the threshold. You do get limited check-writing capabilities, mobile banking and e-statements with this account.

How to get Community Bank of Pleasant Hill’s money market account

To open the account, you can fill out an online application in about 10 minutes. The form will ask you to provide personal details such as your name, address, employment information, Social Security number and government-issued ID. Afterward, you’ll need to fund the account.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

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How Community Bank of Pleasant Hill’s money market account compares

Community Bank of Pleasant Hills’ money market rate falls significantly short of other financial institutions. Some don’t even charge monthly maintenance fees, while offering check-writing capabilities and ATM access. Seriously, you’re better off doing some comparison shopping elsewhere, picking from our list of the best money market rates.

Community Bank of Pleasant Hill’s IRA account options

Fixed IRA CD

Get a guaranteed rate of return with this IRA option.
TermAPY
1 year0.30%
2 years0.35%
3 years0.70%
4 years0.70%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: $100 or 3% of withdrawal amount, whichever is more

This fixed-rate IRA CD is great for those who want a conservative retirement account that promises a guaranteed rate of return. Interest is compounded and credited to your account quarterly. You’ll have a grace period of 10 days in which you can decide whether to add addition funds (there may be a limited imposed by the IRS), renew for another term or close the account (you may be subject to tax penalties if you make a withdrawal before you’re 59 1/2). If you do nothing, then your CD will be automatically be renewed.

How to get Community Bank of Pleasant Hill’s IRA CDs

You’ll need to contact the bank using this form, calling customer service at 816-540-2525 or heading to one of its local branches.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

Rate Watcher IRA CD

Offers a wide range of terms but doesn’t offer stellar rates.
TermAPY
15 months0.25%
27 months0.35%
  • Minimum opening deposit: $5,000
  • Minimum balance to earn APY: $5,000
  • Early withdrawal penalty: $100 or 3% of withdrawal amount, whichever is more

The Rate Watcher IRA CD is a great option if you want to be able to take advantage of rising rates after opening. Interest is compounded and credited quarterly. If you can make the opening balance amount — remember there may be restrictions as to how much you can put into an IRA account, so check IRS regulations — then you could find yourself earning a higher rate during your CD term. Account holders are eligible for one rate increase. You’ll need to contact the bank to request one.

You’ll have a 10-day grace period when your CD matures. You can decide to close the account (you may be subject to tax penalties by the IRS), make additional withdrawals or renew the CD. If you decide to do nothing, your CD will automatically be renewed.

How to get Community Bank of Pleasant Hill’s IRA CDs

To open an account, you’ll need to use this form to make an inquiry, call customer service at 816-540-2525 or head to one of its branches.

SEE DETAILS Secured

on Community Bank Of Pleasant Hill’s secure website

Member FDIC

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How Community Bank of Pleasant Hill’s IRA CD rates compare

Even with the potential of a rate increase, these IRA CD rates fall pretty short of online competitors. While some of those require high minimum opening deposits, the APYs are worth it.

You’re better off looking at our list of the best IRA CD rates to find the best option for you.

Overall review of Community Bank of Pleasant Hill’s banking products

Community Bank of Pleasant Hill’s Kasasa checking accounts are a great choice for those looking for competitive rates and unique cashback or rewards options. The low minimum opening deposit — plus minimal fees — makes it worth taking a look at.
But the rest of their banking products aren’t much to look at. The rates for its savings, CD, money market and IRA accounts are significantly lower than other competitors. While they may have lower minimum opening deposits, it doesn’t pay to go with those accounts. For those looking for a great everyday banking account, consider the checking accounts. Otherwise, it’s better to do some comparison shopping at other financial institutions.

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