Saving money doesn't have to be hard — at least not when you have free Kasasa Saver®. This innovative account generates savings automatically. Kasasa Saver is linked to your equally free Kasasa Cash® checking account. Every month, the rewards earned in Kasasa Cash are automatically transferred to Kasasa Saver — without any work on your part.
Why settle for an account in which you're doing all the heavy lifting? Kasasa Saver puts in the work for you. So sit back, relax, and rack up big-time savings.
- Linked to free Kasasa Cash® checking account
- Automatic transfers of Kasasa Cash rewards
- 0.30% APY* on entire balance
- 0.05% APY* if qualifications are not met on Kasasa Cash
- No monthly service fee
- No minimum balance to maintain account
- Free online banking
- Free eStatements
- $1 minimum deposit to open
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 settle
- Be enrolled and receive eStatement notice
- Have at least 1 automatic payment (ACH auto debit only) post and settle
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 interest. Plus, you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 05/20/2013. Rates may change after account is opened. Minimum to open is $25 for Kasasa Cash and $1 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 2.50%; and (3) balances over $25,000 earn 0.25% interest rate on the portion of the balance over $25,000, resulting in 2.50% - 0.70% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% APY. Qualifying transactions must post to and settle 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 settle account. 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. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest 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 account are met each monthly qualification cycle, all balances in Kasasa Saver account receive an APY of 0.30%. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver account earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.