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 2.50%APY* you make on your checking and ATM fee refunds are automatically deposited into your free Kasasa Saver account every month. But that's not all. Your Saver account also piles 1.00%APY* on top of that; so you can sit back, relax and watch your savings grow. Kasasa Saver. Do you Kasasa?
- Summary
Kasasa Saver is perfect for you if you:
- Choose Kasasa Cash as your free checking account (whether you already have it or want to open both today)
- Want two high-interest accounts (Kasasa Cash and Kasasa Saver) both working hard to help you save
Plus:
- No minimum balance
- Nationwide ATM fee refunds (automatically deposited into your Saver account)
When you qualify on your associated Kasasa Cash account, you automatically qualify on your Kasasa Saver account.
So, you easily grow your savings with 2.50%APY* from Kasasa Cash & 1.00%APY* from Kasasa Saver by doing the following each qualification cycle.
- Have 10 Debit Card purchases post and clear your account
- Have one direct deposit transfer or ACH automatic payment post and clear your account
- Sign-up for and receive monthly e-statements
If you miss a cycle, don't worry!
There's no penalty for not qualifying in a given cycle and the accounts are still free. Plus you'll still earn a base rate of 0.25% APY* on your checking which will be automatically deposited into your Saver account which will still earn a base 0.25% APY*. You can get right back to making 2.50% APY* on your free checking account, 1.00% APY* on your free saver account and enjoying ATM fee refunds the next cycle you qualify.
*Minimum to open Kasasa Cash account is $1 and $1 for Kasasa Saver. Annual Percentage Yield (APY) accurate as of 7/1/11. Kasasa Cash Rate tiers are as follows: 2.50% APY applies to balances of $.01 - $25,000 and 0.75% APY applies to balances over $25,000 if qualifications are met during the monthly qualification cycle. 0.25% APY applies to all balances if monthly qualifications are not met. All balances will earn 2.50% APY – 0.75% APY if monthly qualifications are met. The advertised Kasasa Cash APY and Kasasa Saver APY are based on compounding interest. The interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and then begins compounding at the Kasasa Saver APY. The Kasasa Saver APY is less than the Kasasa Cash APY. Kasasa Saver rate is as follows: 1.00% APY applies to all balances if qualifications are met during the monthly qualification cycle on Kasasa Cash account. 0.25% APY applies to all balances if qualifications are not met on Kasasa Cash account. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the Kasasa Cash account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post and clear. **ATM Fee reimbursements (checking account only) provided only if qualifications are met within the monthly qualification cycle. As of July 18th, 2011, limit one account per consumer Social Security number.
