Grow your savings without lifting a finger. Kasasa Saver® is the free savings account that not only pays you interest, it also transfers rewards from your Kasasa Cash Back® checking account into savings — so you earn interest on all those dollars too! This account also makes it easy to manage your rising cash cushion. Stay on top of your money with free online banking, eStatements, and mobile banking. Open this account today with just a $50 minimum deposit.
Features & Benefits:
Qualifying for your Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash Back account during each Monthly Qualification Cycle:
So simple! Even if you don’t meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you’ll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!
*APY=Annual Percentage Yield. APYs accurate as of 9/12/2014. Rates may change after account is opened. Minimum to open: $50 for Kasasa Cash Back and only $50 for Kasasa Saver. When monthly qualifications are met, you will receive 4.00% cash back on debit card purchases that post to and settle account during monthly qualification cycle — up to a total cash back of $10 per monthly qualification cycle. Domestic ATM fees incurred using Kasasa Cash Back debit card during qualification cycle will be reimbursed if qualifications are met within monthly qualification cycle. Qualifying transactions must post to and settle 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. Transfers between accounts do not count as qualifying transactions. 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. Kasasa Cash Back rewards will be credited to your Kasasa Saver account on the last day of the monthly statement cycle. If qualifications in Kasasa Cash Back account are met each monthly qualification cycle: (1) balances up to $25,000 in Kasasa Saver account receive an APY of 1.00%; and (2) balances over $25,000 in Kasasa Saver account earn 0.38% interest rate on portion of balance over $25,000, resulting in 1.00-0.50% APY depending on the balance. If qualifications are not met on Kasasa Cash Back, all balances in Kasasa Saver account earn 0.04% APY. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.