Put your Kasasa Cash® earnings to good use and earn 0.50% APY* with Kasasa Saver®. This free account is linked to your Kasasa Cash Account. Each month Kasasa Cash rewards and ATM withdrawal fee refunds are automatically transferred to this savings account, where they'll earn a second great rate!
- Free account that builds your savings effortlessly
- Links to free Kasasa Cash checking
- Automatic transfers of Kasasa Cash earnings
- 0.50% APY* on balances up to $20,000
- 0.12% paid on balances over $20,000
- 0.01% APY* if qualifications are not met on Kasasa Cash
- No monthly service fee
- No minimum balance to earn rewards
- Free online banking
- Free mobile banking
- Free online statements
- $50 minimum deposit to open
It's Easy To Earn Your Rewards
Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:
- Have at least 12 debit card purchases post and settle
- Have at least 1 direct deposit or ACH payment transaction post and settle
- Be enrolled in and agree to receive online statements
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!
*APY= Annual Percentage Yield. APYs are accurate as of 9/1/2016. Rates may change after the account is opened. You must have a Kasasa Cash checking account to open a Kasasa Saver savings account. Refer to Kasasa Cash checking requirements and disclosures. Minimum to open a Kasasa Saver is $50. (1) Kasasa Saver balances up to $20,000 receive an APY of 0.50% if qualifications are met each qualification cycle on your Kasasa Cash account; (2) balances above $20,000 receive an interest rate of 0.12% on the portion of the balance above $20.000 if qualifications are met each qualification cycle on your Kasasa Cash account resulting in APYs ranging from 0.50% - 0.31% depending on the balance in the account (assuming a maximum account balance of $100.000). If qualifications on your Kasasa Cash account are not met, the APY will be 0.01% on all balances. "Monthly Qualification Cycle" means the last business day of the month to one day prior to the last business day of the following month. The qualification cycle is not the same as your monthly statement cycle. The advertised Kasasa Cash APY is based on compounding interest. The interest earned on Kasasa Cash is deposited on the last business day each month and automatically transferred to Kasasa Saver the next business day where it then compounds interest at the Kasasa Saver APY. The actual interest paid on Kasasa Cash could be less than the advertised APY.
The Kasasa Saver APYs may be less than the Kasasa Cash APYs. Qualifying transactions must post and settle your Kasasa Cash account during the monthly qualification cycle. If Kasasa Cash qualifications are met within the monthly qualification cycle, nationwide ATM fee refunds up to $15 (on the Kasasa Cash account only) will be deposited on the last business day each month and automatically transferred to Kasasa Saver the next business day. Fees may reduce earnings. Personal accounts only. Limit one account per household.
If qualifications are not met during three consecutive monthly qualification cycles, this account may be converted to a Statement Savings account in the next monthly statement cycle immediately following the third consecutive non-qualifying cycle. As a Statement Savings account, the account is subject to a $300.00 minimum daily balance requirement or it is subject to a $3.00 monthly service fee and the annual percentage yield is not paid on balances below $300.00.