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?
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
- 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.
*APY= Annual Percentage Yield. Minimum to open account is $1. Annual Percentage Yield (APY) accurate as of 7/1/11. Kasasa Cash Rate tiers are as follows: balances up to $25,000 receive an APY of 2.50% if qualifications are met each qualification cycle. Balances above $25,000 receive an interest rate of 0.75% on the portion of the balance above $25,000 if qualifications are met each qualification cycle. As a result, the APY for balances above $25,000 will range from 2.50% to 1.10% if qualifications are met each qualification cycle, depending on the balance in the account. This means if qualifications are met, the APY decreases as your balance increases above $25,000. If qualifications are not met, the APY will be 0.25% on all balances. The advertised Kasasa Cash APY is based on daily compounded interest. The interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each month, if you have a Kasasa Saver linked to your Kasasa Cash account, and then begins compounding at the Kasasa Saver APY. The Kasasa Saver APY is less than the Kasasa Cash APY. The qualification cycle is not the same as your monthly statement cycle. Qualifying transactions must post and clear to the account during the qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to an account. Transfers between your accounts with us do not count as qualifying transactions. "Qualification cycle" means a period beginning one day prior to the current statement cycle through the business day prior to the last business day of the month. (Business days consist of Monday thru Friday, unless closed for a holiday.) Rates may change after the account is opened. Fees may reduce earnings. Limit one account per consumer social security number. Nationwide ATM fee reimbursements (Kasasa Cash account only) provided only if qualifications are met within the monthly qualification cycle. ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of your statement cycle, and then transferred to your Kasasa Saver (if you have one linked to your Cash account) the next business day. Limit one account per consumer Social Security number.