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).
The rewards and ATM fee refunds from Kasasa Cash are automatically transferred into your free Kasasa Saver account every monthly qualification cycle. Your Saver account earns 1.25% APY* on balances up to $15,000; so you can sit back, relax and watch your savings grow.
Kasasa Saver. Do you Kasasa?
Kasasa Saver is perfect for you if you want:
- 1.25% APY* on balances up to $10,000
- 1.25% APY - 0.38% APY on balances up to $10,000 depending on balance in account*
- 0.10% APY* if qualifications aren't met
- Kasasa Cash as your free checking account (whether you already have it or want to open both today)
- No minimum balance to earn rewards
- Nationwide ATM fee refunds (automatically deposited into your Saver account from your Cash account. $5 maximum refund per transaction.)
To easily grow your savings with 1.25% APY* from Kasasa Saver do the following each monthly qualification cycle:
- Have 10 debit card purchases post and settle
- Have one direct deposit or automatic payment (ACH) post and settle
- Be enrolled and receive eStatement notice
- Access Online Banking (online banking enrollment performed at account opening)
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 0.10% APY* on your checking which will be automatically deposited into your Saver account. Your Saver account balance will still earn a base 0.10% APY*. You can get right back to earning high interest on your free checking account, 1.25% APY* on your free saver account and enjoying ATM fee refunds the next cycle you qualify.
*Minimum to open account is $100 for Kasasa Cash and $100 for Kasasa Saver. Annual Percentage Yield (APY) accurate as of 3/30/2013. Kasasa Cash rate tiers are as follows: 3.25% APY applies to balances of $0.01-$10,000 and 0.25% APY applies to balances over $10,000 if qualifications are met during monthly qualification cycle. 0.10% APY applies to all balances if qualifications are not met. All balances will earn 3.25% APY – 0.25% APY if qualifications are met. The advertised Kasasa Cash APY is based on compounding interest. The interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. The actual interest paid may be less than the advertised APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs. Kasasa Saver rate tiers are as follows: 1.25% APY applies to balances of $0.01-$15,000 and 0.25% APY applies to balances over $15,000 if qualifications are met during monthly qualification cycle on Kasasa Cash. 0.10% APY applies to all balances if qualifications are not met on Kasasa Cash. All balances will earn 1.25% APY – 0.25% APY if qualifications are met on Kasasa Cash. Qualifying transactions must post and settle in Kasasa Cash during monthly qualification cycle. Transactions may take one or more banking days from transaction date to post to an account. Intra-bank transfers do not count as qualifying transactions. ATM transactions do not count as debit card transactions. Rates may change after account is opened. Fees may reduce earnings. ATM Fee refunds (Kasasa Cash account only) provided only if qualifications are met within monthly qualification cycle. Maximum ATM fee refund per transaction is $5.00.