Always there for you
Kasasa Saver®*
A Kasasa Saver Account may only be opened and remain open if you also have a Kasasa Cash® or Kasasa Cash Back® Account.
Build savings automatically while earning a high rate of return.
Kasasa Saver helps you save effortlessly. This account has no monthly service fee and links to your Kasasa Cash or Kasasa Cash Back checking.
When you earn cash rewards in your Kasasa Cash or Kasasa Cash Back account, those earnings automatically transfer into Kasasa Saver. Plus, Kasasa Saver pays up to 0.75% Annual Percentage Yield (APY) on your balances up to $14,999.99 when your Kasasa Cash or Kasasa Cash Back account qualifications are met. Open your accounts today at any of our nearby locations.
Benefits
- Money Market account that builds your savings effortlessly
- Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
- 0.75% APY on balances up to $14,999.99
- 0.75% to 0.32% APY on balances of $15,000 or more
- 0.05% APY if qualifications are not met on Kasasa Cash or Kasasa Cash Back
- No monthly service fee
- No minimum balance to earn rewards
- Free Online Banking
- Free eStatements
- Free Mobile Banking
- $25 minimum deposit to open
Transfers or withdrawals from a Kasasa Saver account to another account or to third parties by check or by preauthorized, automatic or telephone transfers are limited to six (6) per month.
Earning your rewards is incredibly easy — here’s how to do it.
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:
- At least 12 debit card purchases per qualification cycle
- Be enrolled in and log into online banking or mobile banking at least once per qualification cycle
- Be enrolled in and agree to receive eStatements
And if you don’t meet these qualifications, don’t worry — there is still no monthly service fee.
Plus, you’ll still earn our base rate on Kasasa Saver (0.05% APY). And you can get right back to earning your full rewards the very next cycle that you qualify.
Please review carefully the following important information for the details on rewards, qualifications, the Bank’s expectations, and other pertinent information.
*Kasasa Cash with Kasasa Saver Terms
Reward Information:
When your Kasasa Cash qualifications are met during a Monthly Qualification Cycle, you will receive the following rewards: (1) On your Kasasa Cash account, balances up to $14,999.99 receive a non-compounding annual percentage yield of 1.98%; and balances over $14,999.99 earn 0.25% interest rate on the portion of the balance over $14,999.99, resulting in non-compounding range from 1.98% to 0.48% APY depending on the account’s balance. (2) On your Kasasa Saver Account (linked to your Kasasa Cash account) balances up to $14,999.99 receive an Annual Percentage Yield of 0.75%; and balances over $14,999.99 earn 0.25% interest rate on the portion of balance over $14,999.99, resulting in a range from 0.75% to 0.32% APY depending on the account’s balance. (3) You will also receive reimbursements up to an aggregate total of $25.00 (maximum of $4.99 per single transaction) for nationwide ATM fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM fees of $5.00 or higher. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transactions.
Qualification Information:
To qualify for your rewards just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle: Have at least twelve (12) qualifying debit card purchases post and settle to your account; Be enrolled in and agree to receive electronic statements (eStatements); and Be enrolled in and log into online banking or mobile banking at least once each qualification cycle.
Interest and ATM fees reimbursements will be credited to the appropriate account on the last day of the current statement cycle, which is the third Wednesday of the month for the current statement cycle. All Kasasa Cash account rewards are automatically transferred to the linked Kasasa Saver account one day after these rewards are credited to the Kasasa Cash account. Because of this transfer, interest in the Kasasa Cash account does not compound. Due to the non-compounding, the actual amount transferred from the Kasasa Cash account may be less than the advertised Kasasa Cash APY, if the advertised APY is represented without a linked Kasasa Saver account. This transfer may also cause an overdraft to your Kasasa Cash account if the account balance is less than the transferred amount when the transfer occurs. No minimum balance is required to earn or receive rewards. Rewards less than a penny cannot be distributed.
It is important to remember that account transactions and activities may take one (1) or more days from the date the transaction or activity occurred to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. Posting and settlement happen when a transaction is debited to the account. Log on to online banking or mobile banking to find out in real time when a debit transaction has posted and settled to the account. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. A business day is every calendar day except Saturday, Sunday and U.S. federal holidays. Statement cycle means the period of time for which the bank provides a summary of the financial activities and transactions that post and settle to the account. A statement cycle begins on the third Thursday of a month and ends on the third Wednesday of the next month.
The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for earning account rewards.
WHEN KASASA CASH QUALIFICATIONS ARE NOT MET, ALL BALANCES IN YOUR KASASA CASH AND KASASA SAVER ACCOUNTS EARN AN INTEREST RATE OF 0.05% WITH AN ANNUAL PERCENTAGE YIELD OF 0.05% FOR THE KASASA SAVER ACCOUNT AND A NON-COMPOUNDING ANNUAL PERCENTAGE YIELD OF 0.05% FOR THE KASASA CASH ACCOUNT, AND ATM FEES ARE NOT REFUNDED.
Bank’s Expectations:
This account is intended to be the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account’s rewards and thus will be deemed inappropriate transactions and will not count toward earning the account’s rewards. Continuation of this behavior may result in your account being closed.
Additional Information:
Rates effective August 1, 2017. You must have a Kasasa Cash account to open a linked Kasasa Saver account. If you or we close your Kasasa Cash account, your Kasasa Saver account will be closed as well. There are no fees to open or close these accounts. There are no recurring monthly charges associated with these accounts. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. For instance, these accounts cannot not be used for commercial purposes, there is a limit of one (1) account per tax reporting owner, $25.00 minimum deposit is required to open a Kasasa Cash account and is also required to open a linked Kasasa Saver account and enrollment in some electronic services (e.g. online banking, electronic statements) and log-ons are required to meet some of the account’s qualifications. Transfers or withdrawals from a Kasasa Saver account to another account or to third parties by check or by preauthorized, automatic or telephone transfers are limited to six (6) per month. Contact a bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Saver, and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.
* Kasasa Cash Back with Kasasa Saver Terms
Reward Information:
When your Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive the following rewards: (1) 2.00% cash back on up to a total of $300.00 in debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. (2) On your Kasasa Saver Account (linked to your Kasasa Cash Back account) balances up to $14,999.99 receive an APY of 0.75%; and balances over $14,999.99 earn 0.25% interest rate on the portion of balance over $14,999.99, resulting in a range from 0.75% to 0.32% APY depending on the account’s balance. (3) You will also receive reimbursements up to an aggregate total of $25.00 (maximum of $4.99 per single transaction) for nationwide ATM fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM fees of $5.00 or higher. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transactions.
Qualification Information:
To qualify for your rewards just do the following transactions and activities in your Kasasa Cash Backaccount during each Monthly Qualification Cycle: Have at least twelve (12) qualifying debit card purchases post and settle to your account; Be enrolled in and agree to receive electronic statements (eStatements); and Be enrolled in and log into online banking or mobile banking at least once each qualification cycle. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of the current statement cycle, which is the third Wednesday of the month for the current statement cycle. All Kasasa Cash Back rewards are then automatically transferred to the linked Kasasa Saver account one day after these rewards are credited to the Kasasa Cash Back Account. This transfer may cause an overdraft to your Kasasa Cash Back account if the account balance is less than the transferred amount when the transfer occurs. No minimum balance is required to earn or receive rewards. Rewards less than a penny cannot be distributed.
It is important to remember that account transactions and activities may take one (1) or more days from the date the transaction or activity occurred to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. Posting and settlement happen when a transaction is debited to the account. Log on to online banking or mobile banking to find out in real time when a debit transaction has posted and settled to the account. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. A business day is every calendar day except Saturday, Sunday and U.S. federal holidays. Statement cycle means the period of time for which the bank provides a summary of the financial activities and transactions that post and settle to the account. A statement cycle begins on the third Thursday of a month and ends on the third Wednesday of the next month.
The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for earning account rewards.
WHEN KASASA CASH BACK QUALIFICATIONS ARE NOT MET, NO CASH BACK PAYMENTS ARE MADE, ALL BALANCES IN YOU KASASA SAVER ACCOUNT EARNED AN INTEREST RATE OF 0.05% WITH AN ANNUAL PERCENTAGE YIELD OF 0.05% AND ATM FEES ARE NOT REFUNDED.
Bank’s Expectations:
Kasasa Cash Back is intended to be the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account’s rewards and thus will be deemed inappropriate transactions and will not count toward earning the account’s rewards. Continuation of this behavior may result in your account being closed.
Additional Information:
Rates effective August 1, 2017. You must have a Kasasa Cash Back account to open a linked Kasasa Saver account. If you or we close your Kasasa Cash Back account, your Kasasa Saver account will be closed as well. There are no fees to open or close these accounts. There are no recurring monthly charges associated with these accounts. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. For instance, these accounts cannot not be used for commercial purposes, there is a limit of one (1) account per tax reporting owner, $25.00 minimum deposit is required to open a Kasasa Cash Back account and is also required to open a linked Kasasa Saver account and enrollment in some electronic services (e.g. online banking, electronic statements) and log-ons are required to meet some of the account’s qualifications. Transfers or withdrawals from a Kasasa Saver account to another account or to third parties by check or by preauthorized, automatic or telephone transfers are limited to six (6) per month. Contact a bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Saver, and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.
