Kasasa Saver
- Summary
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). So the 1.51% APY* you make on your checking and ATM fee refunds** are automatically deposited into your free Kasasa Saver account every monthly qualification cycle. But that's not all. Your Saver account also piles 0.90% APY* on top of that; so you can sit back, relax and watch your savings grow. Kasasa Saver. Do you Kasasa?
Kasasa Saver is perfect for you if you:
- Choose Kasasa Cash as your free checking account (whether you already have it or want to open both today)
- Want two high-interest accounts (Kasasa Cash and Kasasa Saver) both working hard to help you save
- No minimum balance to earn rewards
- Nationwide ATM fee refunds**(automatically deposited into your Saver account)
To easily grow your savings with 1.51% APY* from Kasasa Cash & 0.90% APY* from Kasasa Saver do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and clear
- Have at least 1 automatic payment or direct deposit post and clear
- Receive electronic statements
If you miss a monthly qualification cycle, don't worry!
There's no penalty for not qualifying in a given monthly qualification cycle and the accounts are still free. Plus you'll still earn a base rate of 0.05% APY* on your checking which will be automatically deposited into your Saver account which will still earn a base 0.05% APY*. You can get right back to making 1.51% APY* on your free checking account, 0.90% APY* on your free saver account and enjoying ATM fee refunds** the next cycle you qualify.
*Annual Percentage Yield (APY) accurate as of 12/27/11. Minimum to open account Kasasa Cash account is $100 and $50 for Kasasa Saver. Kasasa Cash is intended to serve as a primary individual or joint checking account. As such, an individual can act as the primary account holder for only one Kasasa Cash account. Rate tiers are as follows: 1.51% APY applies to balances of $0.01 ‐ $25,000.00 and 0.50% APY applies to balances over $25,000 if qualifications are met each monthly qualification cycle. 0.05% APY applies to all balances if qualifications are not met. Accounts with balances over $25,000.00 will earn between 1.51% APY and 0.50% APY if qualifications are met. Kasasa Saver rate tiers are as follows: 0.90% APY applies to balances of $0.01 ‐ $25,000.00 and 0.50% APY applies to balances over $25,000 if qualifications are met each monthly qualification cycle on Kasasa Cash account. 0.05% APY applies to all balances if qualifications are not met on Kasasa Cash. Accounts with balances over $25,000.00 will earn between 0.90% APY – 0.50% APY if qualifications are met on Kasasa Cash. Rates may change after the account is opened. Fees may reduce earnings. ATM withdrawals do not count towards qualifying debit card transactions. All qualification transactions must be posted to the account during the qualification cycle. Transactions may take one or more business days to post to an account from the date the transaction is made.
Kasasa Saver accounts are limited to 6 withdrawals per month by Federal Regulation. (In Person withdrawals are unlimited and do nit count toward the 6 withdrawal limit).
