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 transferred into your free Kasasa Saver account every month. Your Saver account also earns 0.50% APY*; so you can sit back, relax and watch your savings grow. 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 to earn 0.50% APY* on all balances
- And even 0.03% APY* if qualifications aren't met
- Plus no minimum balance to earn rewards
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 & 0.50% APY* from Kasasa Saver by doing the following each qualification cycle.
- Have at least 10 Debit Card purchases post and settle
- Have at least one direct deposit transfer or ACH automatic payment post and settle
- Be enrolled and receive eStatement notice
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 0.03% APY* on your checking which will be automatically deposited into your Saver account which will still earn a base 0.03% APY*. You can get right back to making 2.50% APY* on your free checking account, 0.50% APY* on your free saver account and enjoying ATM fee refunds the next cycle you qualify.
*APY=Annual Percentage Yield. APYs accurate as of 6/28/2013. Rates may change after account is opened. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 2.50% and (3) balances over $25,000 earn 0.25% interest rate on the portion of the balance over $25,000, resulting in 2.50% - 0.70% APY depending on the balance. This means if qualifications are met, the APY decreases as your balance increases above $25,000. If qualifications are not met on Kasasa Cash all balances earn 0.03% APY. Qualifying transactions must post to and settle Kasasa Cash account during qualification cycle. Transactions may take one or more business 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: all balances in Kasasa Saver account receive an APY of 0.50%. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver account earn 0.03% APY. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.50% APY. Limit one account per consumer SSN. ATM receipt must be presented for reimbursement of a questioned ATM fee.