Kasasa Saver works together with Kasasa Cash as a built-in savings tool to help you set aside more money each month. Every monthly qualification cycle, the interest and ATM refunds* from your Kasasa Cash account are automatically transfered into Kasasa Saver, so you end up with more money in your nest egg.
All you have to do is meet the monthly qualifications for Kasasa Cash to receive your automatic deposits into Kasasa Saver. After that, seamless savings will be yours! Do You Kasasa?™
Calculate Your Earnings
- Linked to Kasasa Cash account
- Automatic transfers of Kasasa Cash rewards
- 1.01% APY* on balances up to $15,000
- 1.01% to 0.57% APY on balances over $15,000 depending on balance in account*
- 0.10% APY* if monthly qualifications are not met
- No minimum balance required
- Free online branch services
- Free eStatements
- $1 minimum deposit to open
- It's easy to earn your rewards
To earn your rewards, simply do the following activities and transactions in your Kasasa Cash checking account each monthly qualification cycle:
• Have at least 12 debit card purchases post and settle
• Have at least one direct deposit or automatic payment post and settle
• Be enrolled and receive eStatement notice
If you miss a month, don't worry!
There's no penalty for not qualifying in a given month and the accounts are still free and you still earn interest at the base rate. Plus, you can get back to earning the huge rewards the very next monthly qualification cycle!
*APY=Annual Percentage Yield. APYs accurate as of 6/01/2016. Rates may change after account is opened. Minimum to open is $100 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 $15,000 receive APY of 2.01%; and (3) balances over $15,000 earn 0.50% interest rate on the portion of the balance over $15,000, resulting in 2.01% - 0.70% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.10% 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-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to 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 $15,000 in Kasasa Saver receive an APY of 1.01%; and (2) balances over $15,000 in Kasasa Saver earn 0.50% interest rate on portion of balance over $15,000, resulting in 1.01% - 0.57% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.10% APY. Transfers between accounts do not count as qualifying transactions. Kasasa Saver is a Money Market Account and federal regulations limit the number of preauthorized withdrawals to no more than six (6) per monthly statement cycle. Only three (3) of these withdrawals may be payments by check to third parties. Each withdrawal in excess of these limitations is subject to a $10 penalty. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Contact us for more information about the monthly qualification cycle.