Free savings account that builds your savings automatically.
They say money doesn't grow on trees — but it can grow instantly in a high-interest Kasasa Saver® account. This free savings account links to your equally free Kasasa Cash® or Kasasa Cash Back® checking account.
The rewards you earn in your Kasasa checking automatically transfer over to your Kasasa Saver, so you can build your savings easily. And by meeting simple qualifications on your Kasasa checking, you earn 1.05% APY* on Kasasa Saver! Open your account today, and watch your savings grow.
- Links to your free Kasasa Cash or Kasasa Cash Back checking account
- Automatic transfers of Kasasa Cash or Kasasa Cash Back rewards
- 1.05% APY* on balances up to $10,000
- 1.05% to 0.55% APY on balances over $10,000 depending on balance in account*
- 0.05% APY* if qualifications are not met on Kasasa checking
- No monthly service fee
- No minimum balance to earn rewards
- Free Online Banking
- Free eStatements
- $100 minimum deposit to open
Qualifications per Statement Cycle
Qualifying for Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. To earn your rewards, simply do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back checking account each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive eStatements
If you don't meet the qualifications, don't worry — there is no penalty, and you still have a free checking and savings account. Plus, you can get back to earning rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 04/01/2014. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $100 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 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.05%; and (3) balances over $10,000 earn 0.50% interest rate on the portion of the balance over $10,000, resulting in 2.05% - 0.64% APY depending on the balance. If qualifications are not met on Kasasa Cash 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 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: (1) balances up to $10,000 in Kasasa Saver receive an APY of 1.05%; and (2) balances over $10,000 in Kasasa Saver earn 0.50% interest rate on portion of balance over $10,000, resulting in 1.05% - 0.55% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. A depositor may make no more than six covered transfers or withdrawals per statement cycle or a $10.00 excessive transaction fee per each additional transfer or withdrawal will apply. Fees or withdrawals could reduce earnings.
**National savings average comparison according to www.fdic.gov made on 6/1/12.