Kasasa Saver: Easy Automatic Savings
Kasasa Saver is a free, high-interest account linked to free Kasasa Cash checking. Here's how it works: the interest and ATM fee refunds* earned on Kasasa Cash are automatically transferred into Kasasa Saver every month. But that's not all. Your Kasasa Saver balance earns high interest, so you can sit back, relax and watch your savings grow!
- Earn interest on both Kasasa Cash and Kasasa Saver accounts
- 0.50% APY* on balances up to $50,001
- 0.50% – 0.27% APY* on balances over $50,000.99 depending on balance in account
- 0.10% APY* if qualifications are not met on Kasasa Cash
- No minimum balance to earn rewards
- No monthly service fee
- Free e-statements
- Free online banking with Bill Pay and FinanceWorks
- Linked to free Kasasa Cash account
- Minimum to open account is $100
- FDIC insured
Qualifying for the highest rates couldn't be easier, simply do the following each monthly qualification cycle:
- Have at least 10 debit card purchases post and settle (excluding ATM transactions)
- Have at least one direct deposit or ACH auto debit post and settle
- Be enrolled and receive eStatement notice
There. Like we said, super easy. But if you don't qualify, don't worry. Both accounts are always free and still earn our base rate of interest. Plus, you can get back to earning the reward interest rates and ATM fee refunds the very next qualification cycle!
APY=Annual Percentage Yield. APYs accurate as of 05/01/2013. Rates may change after account is opened. Minimum to open is $250 for Kasasa Cash and $100 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 $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000.99 receive APY of 1.24%; and (3) balances over $25,000.99 earn 0.15% interest rate on the portion of the balance over $25,000.99, resulting in 1.25% - 0.51% 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 $50,000.99 in Kasasa Saver receive an APY of 0.50%; and (2) balances over $50,000.99 in Kasasa Saver earn 0.15% interest rate on portion of balance over $50,000.99, resulting in 0.50% - 0.27% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.10% APY. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. ATM transactions and transfers between accounts do not count as qualifying transactions. Direct Deposits include payroll, Social Security, and other government benefits, and tax refunds. Limit one account per Social Security Number (SSN).