Score big savings without putting in major time with a free, built-in saving tool—Kasasa Saver®. Build your savings automatically—every month, rewards earned in your equally free Kasasa Cash® checking account are automatically transferred to Saver.
There, they earn interest at 10x the national average!** Sit back and relax as the savings roll in with a free saving solution that works for you.
- Linked to free Kasasa Cash account
- Automatic transfers of Kasasa Cash rewards
- 1.00% APY* on balances up to $50,000
- 1.00 – 0.50% APY on balances over $50,000 depending on balance in account*
- 0.05% APY* if qualifications are not met on Kasasa Cash
- No monthly service fee
- No minimum balance to maintain account
- Free online banking & mobile money
- Free eStatements
- No minimum deposit to open
There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash checking rewards, you automatically get the Kasasa Saver rate too! Simply do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and clear
- Receive free eStatements
- Access online banking
If you don't meet the qualifications, don't worry. There's no penalty and both accounts are still free and earn our base rate dividends. Plus, you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 01/14/2013. Rates may change after account is opened. 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 3.00%; and (3) balances over $15,000 earn 0.25% interest rate on the portion of the balance over $15,000, resulting in 3.00% - 0.61% 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 clear 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 clear account. "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 $50,000 in Kasasa Saver receive an APY of 1.00%; and (2) balances over $50,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $50,000, resulting in 1.00% - 0.50% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Limit one account per SSN. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher.
**National Savings average comparison according to www.fdic.gov made on 10/29/12. http://www.fdic.gov/regulations/resources/rates/