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Kasasa Saver
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Kasasa Saver

Easy, automatic savings fueled by your free Kasasa Cash® account

Kasasa Saver is a free, high-interest saver account linked to your free Kasasa Cash checking account (they work together). So the interest and ATM fee refunds you make on your checking are automatically transferred to your free Kasasa Saver account every month. But that's not all. Your Kasasa Saver account also earns high interest — so you can sit back, relax, and watch your savings grow. Kasasa Saver. Do you Kasasa?



Summary

Kasasa Saver Earns:

  • 1.26% APY* on balances up to $15,000 when you qualify in Kasasa Cash
  • 0.25% APY* on balances over $15,000 when you qualify in Kasasa Cash
  • 1.26% – 0.25% APY depending on balance in account*
  • 0.05% APY on all balances when you do not qualify

Kasasa Saver is perfect for you if you want:

  • Two high-interest accounts (Kasasa Cash and Kasasa Saver) both working hard to help you save
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking [link to: /personal/online-banking.html]
  • $50 minimum deposit to open
  • FDIC insured account

To easily grow your savings with rewards, simply meet the Kasasa Cash qualifications and you automatically qualify for the Kasasa Saver reward rate. Just do the following during the monthly qualification cycle:

  • Have at least 10 debit card purchases post and settle
  • Be enrolled and receive e-Statement notice
  • Be enrolled and log into online banking
  • Have at least 1 automatic payment (ACH) or direct deposit post and settle

If you miss a monthly qualification cycle, don't worry!

There's no penalty for not qualifying. Both accounts are still free, and both still earn a base rate. And you can get right back to earning rewards the next monthly qualification cycle you qualify.


Disclaimer:

*APY=Annual Percentage Yield. APYs accurate as of 08/15/2013. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash and $50 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 up to $12.50 ($5.00 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 3.26%; and (3) balances over $10,000 earn 0.25% interest rate on the portion of the balance over $10,000, resulting in 3.26% - 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. ACH transaction must be a third-party initiated, recurring payment posted and settled in your account per monthly qualification cycle. If the account remains at a zero balance for more than five business days, it will automatically close. 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 1.26%; and (2) balances over $15,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $15,000, resulting in 1.26% - 0.25% 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. For additional fees that may affect this account, see the Standard Fee Schedule disclosed separately. Fees may reduce earnings. Account available to individuals with only one account per individual. Corporations, partnerships, and non-profit organizations are not eligible.

Qualifications Dates for 2014
  • Qualification Dates for 2014:
  • (Your monthly qualifications must be met by this day in order to receive your rewards.)
  • 01/09/2014
  • 02/10/2014
  • 03/10/2014
  • 04/09/2014
  • 05/09/2014
  • 06/09/2014
  • 07/09/2014
  • 08/11/2014
  • 09/09/2014
  • 10/09/2014
  • 11/10/2014
  • 12/09/2014
  • Statement Cycle End Dates 2014
  • 01/10/2014
  • 02/11/2014
  • 03/11/2014
  • 04/10/2014
  • 05/12/2014
  • 06/10/2014
  • 07/10/2014
  • 08/12/2014
  • 09/10/2014
  • 10/10/2014
  • 11/11/2014
  • 12/10/2014
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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts