Kasasa Saver

Turn your Kasasa Cash® or Kasasa Cash Back® checking rewards into interest-earning savings automatically!
Here’s how it works: each monthly qualification cycle you qualify, the interest and ATM withdrawal fee refunds from your Kasasa Cash or Kasasa Cash Back account are automatically transferred into Kasasa Saver.

Created as the perfect complement to our Kasasa® checking accounts, Kasasa Saver makes saving and growing those checking rewards truly effortless.

Qualifying for the Higher Kasasa Saver Rate is a Breeze
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards will automatically qualify you for the highest Kasasa Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Checking account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in, and log into, online or mobile banking

If you don’t meet your qualifications during a cycle, don’t worry — you can still earn our base rate on Kasasa Saver, and your account is still free. Plus, you can get right back to earning full rewards the very next cycle that you qualify.


Details

  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash® or free Kasasa Cash Back® checking
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
  • 0.75% APY* on balances up to $50,000
  • 0.75% to 0.42% APY on balances over $50,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No minimum balance to earn rewards
  • No monthly maintenance fees
  • Free Online Banking, includes bill pay and mobile banking with mobile deposit
  • $22 minimum deposit to open
  • Enrollment in E-statements is required
Qualification Information:

Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

“Monthly Qualification Cycle” means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.

Contact one of our branch service representatives for specific Monthly Qualification Cycle dates.

Reward Information:

When your linked Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000.00 in your Kasasa Saver account earn an APY of 0.75% and daily balances over $50,000.00 earn an interest rate of 0.24 % on the portion of the daily balance over $50,000.00, resulting in a range from 0.75% to 0.42% APY depending on the account’s daily balance.

When your linked Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account qualifications are not met, the entire daily balance in the Kasasa Saver account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY.

Interest will be credited to your Kasasa Saver account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APYs accurate as of August 20, 2019.

APY calculations are based on an assumed balance of $50,000.00 + $100,000.00 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.

Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Additional Information:

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.

$22.00 minimum deposit is required to open the account.

Enrollment in e-Statements is a condition of this account.

Enrollment in electronic services (e.g. online banking) and log-ons will be required to meet some of the account’s qualifications.

Limit of 1 account per Social Security Number.

There are no recurring monthly maintenance charges or fees to open or close this account.

A Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account is required to have a Kasasa Saver account.

A linked Kasasa Saver account is required for automatic savings.

Advertised information and rewards are based on all account qualifications being met during each cycle period.

Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Trademarks:

iTunes is a registered trademark of Apple, Inc. Amazon.com is a registered trademark of Amazon.com. Google Play is a registered trademark of Google, Inc. Apple Inc., Amazon.com and Google, Inc. are not participants in or sponsors of this program.

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Tunes are trademarks of Kasasa, Ltd., registered in the U.S.A.