They say money doesn't grow on trees. But it can instantly grow in your account with Kasasa Saver. This free account links to your equally free Kasasa Cash account.
The rewards you earn in Kasasa Cash automatically transfer to Kasasa Saver, for an easy way to cultivate savings. And by meeting simple qualifications, you earn up to 1.05% APY* — 10x the national savings average! ** No soil. No water. Simply sit back and watch your savings grow!
- Summary
- Linked to free Kasasa Cash account
- 1.05% APY* on balances up to $10,000
- 1.05% – 0.55% APY on balances over $10,000 depending on balance in account*
- 0.05% APY* if qualifications are not met on Kasasa Cash
- Automatic transfers of Kasasa Cash earnings
- Automatic transfers of ATM fee refunds from Kasasa Cash*
- No monthly service fee
- No minimum balance to earn rewards
- Free Online Banking
- Free eStatements
- Free MasterCard® debit card
- $100 minimum deposit to open
Qualifications
There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Checking rewards, you automatically get the Saver rate too! Simply do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Be enrolled and log into Kasasa 360 money management tools at least once
If you don't meet the qualifications, don't worry. There's no penalty, and both accounts are still free and earn our base rate interest. Plus, you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 05/01/2013. 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 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.
**National savings average comparison according to www.fdic.gov made on 6/1/12.
