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
- 0.85 – 0.31% APY on balances over $10,000.00 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- No monthly service fee
- 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
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 purchases post and settle
- Have at least one direct deposit, automatic payment (ACH), or bill pay transaction post and settle
- Be enrolled and log into Online Banking at least once
- Be enrolled and receive E-Statement notice
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. APYs accurate as of 01/22/2013. Rates may change after account is opened. Minimum to open is $1 for Kasasa Cash and $1 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 1.36%; and (3) balances over $10,000 earn 0.25% interest rate on the portion of the balance over $10,000, resulting in 1.36% - 0.25% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning on the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1) balances up to $10,000 in Kasasa Saver receive an APY of 0.85%; and (2) balances over $10,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $10,000, resulting in 0.85% - 0.31% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. PIN based transactions do not count towards qualifying debit card transactions. You must notify bank for reimbursement of an individual ATM fee of $5.00 or higher.