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Kasasa Saver

Put your Kasasa Cash earnings to good use and earn 0.75% APY* with Kasasa Saver. This free savings account is linked to your Kasasa Cash Account. Each month Kasasa Cash account rewards and ATM fee refunds are automatically transferred to this savings account, where they'll earn a second great rate!

If you are an existing account holder and wish to switch to a Kasasa account, please submit a Contact Us form explaining your request.

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Summary
  • 0.75% APY* on balances up to $20,000
  • 0.01% APY* if qualifications aren't met
  • No monthly fees
  • No minimum balance
  • Automatically save Kasasa Cash ATM refunds
  • Free debit card
  • Free online banking
  • Free online statements
  • Direct deposit available
  • Overdraft protection available
  • FDIC insured

*APY=Annual Percentage Yield

Qualifications:

There are no additional qualifications to get the Saver rate. Every month you qualify for the Kasasa Cash rate, you automatically get the Saver rate as well. Each monthly qualification cycle just:

  • Have at least 12 Debit MasterCard® point of sale purchases post and settle
  • Have at least 1 Direct Deposit or automatic payment (ACH) debit post and settle
  • Be enrolled and review Online Statements via Online Banking (a valid email address is required)

Chances are you're doing most of these already! Qualifying couldn't be easier!



*APY= Annual Percentage Yield. APYs are accurate as of 11/1/2013. 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 0.75% if qualifications are met each qualification cycle on your Kasasa Cash account; (2) balances above $20,000 receive an interest rate of 0.20% 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 0.75% - 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.

Calendar

View our Kasasa Saver Qualification Cycle Calendar.

*APY=Annual Percentage Yield. APYs accurate as of 04/01/2013. 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 $20 ($4.99 per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.51%; and (3) balances over $15,000 earn 0.15% interest rate on the portion of the balance over $15,000, resulting in 2.51% - 0.46% APY depending on the balance. If qualifications are not met on Kasasa Cash or Kasasa Saver all balances earn 0.05% 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 banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Banking day is considered all transactions posted prior to 4pm. 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 0.75%; and (2) balances over $15,000 in Kasasa Saver earn 0.15% interest rate on portion of balance over $15,000, resulting in 0.75 % - 0.23% 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. Limit one account per Social Security Number. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.

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