Kasasa Saver
This one-of-a-kind savings account offers you a chance to earn a second great interest rate on your Kasasa Cash rewards without even thinking about it!
Here's how it works: each month, your Kasasa Cash account earns massive interest and ATM fee refunds. Those rewards are automatically transferred to your Kasasa Saver account where they earn more interest each month!
Earn interest twice on your money—that's the Kasasa way. Do you Kasasa?
- Features & Benefits
- Attached to your Kasasa Cash checking account
- 0.85% APY* on balances up to $10,000.00
- 0.25% APY* on amount over $10,000.00
- 0.05% APY* if qualifications aren't met
- No monthly fees
- No minimum balance to earn rewards
- Free debit card
- Free online banking
- Free online statements
- Free telephone banking
- Direct deposit available
- Overdraft protection available
- FDIC insured
- $1 minimum deposit to open
Qualifications
Every month you qualify for Kasasa Cash rewards, you automatically qualify for the Saver rate too. Simply do the following each monthly qualification cycle:
- Have at least 10 signature based debit card transactions post and clear per qualification cycle
- Have at least one Automatic Payment or Direct Deposit or Online Bill Pay post and clear per qualification cycle
- Access Online Banking at least once per qualification cycle
- Sign-up for E-Statements
If you miss a month, don't worry! Your account is still free and earns our base rate of interest. And you can get back to earning the full rewards the next monthly qualification cycle.
*APY=Annual Percentage Yield. Minimum to open account is $1 for Kasasa Cash and $1 for Kasasa Saver. Annual Percentage Yield (APY) accurate as of 12/23/11. Kasasa Cash rate tiers are as follows: 1.36% APY applies to balances of $0.01 - $10,000 and 0.25% APY applies to balances over $10,000 if qualifications are met each monthly qualification cycle. 0.05% APY applies to all balances if monthly qualifications are not met. All balances will earn 0.25% APY – 1.36% APY if monthly qualifications are met.
The advertised Kasasa Cash APY is based on compounding dividends. The dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and do not compound. The actual dividends paid may be less than the advertised APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs.
Kasasa Saver rate tiers are as follows: 0.85% APY applies to balances of $0.01 - $10,000 and 0.25% APY applies to balances over $10,000 if qualifications are met during monthly qualification cycle on Kasasa Cash. 0.05% APY applies to all balances if qualifications are not met on Kasasa Cash. All balances will earn 0.25% APY – 0.85% APY if qualifications are met on Kasasa Cash.
Qualifying transactions must post and clear Kasasa Cash during monthly qualification cycle. Transactions may take one or more banking days from transaction date to post to an account. Intra-bank transfers do not count as qualifying transactions. Rates may change after account is opened. Fees may reduce earnings. ATM Fee refunds (Kasasa Cash account only) provided only if qualifications
