Kasasa Saver
Save money and effort with free Kasasa Saver®. Kasasa Saver builds your savings automatically by linking directly to your Kasasa Cash® account. Each month, the rewards earned in Kasasa Cash are automatically transferred to Kasasa Saver.
And with no monthly service charge and a hefty dividend rate, your savings go nowhere but up. Build your savings effortlessly with Kasasa Saver.
- Summary
- Linked to free Kasasa Cash checking account
- Automatic transfers of Kasasa Cash earnings
- Automatic transfers of ATM fee refunds from Kasasa Cash*
- 0.50% APY* on Kasasa Saver balances up to $5,000
- 0.24% dividend rate* on amount of Kasasa Saver balance over $5,000 (resulting in a 0.50%–0.26% APY depending on balance)
- 0.05% APY* if qualifications are not met on Kasasa Cash
- No monthly service charge
- Direct deposit required to maintain account
- Free online banking
- Free eStatements
- No minimum deposit to open
Qualifications
There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash checking rewards, you automatically get the Kasasa Saver rate too! Simply do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and clear
- Receive free eStatements
- Access online banking
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 dividends. Plus, you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 1/4/2012. Rates may change after account is opened. New members must pay the $5 membership fee and meet the $5 qualifying share requirement at the time of account opening. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $5 per single transaction and credited to account on the last day of monthly statement cycle; (2) balances up to $5,000 receive APY of 2.51%; and (3) balances over $5,000 earn 0.50% dividends on the portion of the balance over $5,000, resulting in 2.51%-0.60% APY depending on the balance in the account. If qualifications are not met on Kasasa Cash, all balances earn 0.05% APY. Qualifying transactions must post to and clear 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 clear account. "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 dividends. Dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual dividend 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 $5,000 in Kasasa Saver receive an APY of 0.50%; and (2) balances over $5,000 in Kasasa Saver earn 0.24% dividend on portion of balance over $5,000, resulting in 0.50%-0.26% APY depending on the balance in the account. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Limit one account per Social Security Number. Must be 18 or older to open this account. Monthly direct deposit required to have these accounts.
