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 3.00%APY* you make on your checking and ATM fee refunds are automatically deposited into your free Kasasa Saver account every month. But that's not all. Your Saver account also piles 1.51%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 necessary to earn rewards
- Nationwide ATM fee refunds** (automatically deposited into your Saver account)
To easily grow your savings with 3.00%APY* from Kasasa Cash & 1.51%APY* from Kasasa Saver do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle to your Kasasa Cash account per monthly qualification cycle
- Have one Automatic Payment or Direct Deposit post and settle to your Kasasa Cash account per monthly qualification cycle
- Receive e-statements once per monthly qualification cycle
If you miss a month, 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 Kasasa Cash checking account, which will be automatically deposited into your Kasasa Saver account that will also still earn a base rate of 0.05%APY*. You can get right back to making 3.00%APY* on your free Kasasa Cash checking account, 1.51%APY* on your free Kasasa Saver account and enjoy ATM fee refunds the next monthly qualification cycle that you qualify.
*APY=Annual Percentage Yield. APYs accurate as of 01/15/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $0 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 $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 3.00%; and (3) balances over $25,000 earn 0.75% dividend rate on the portion of the balance over $25,000, resulting in 3.00% - 1.20% 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 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 dividends. Dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and do 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 $25,000 in Kasasa Saver receive an APY of 1.51%; and (2) balances over $25,000 in Kasasa Saver earn 0.50% dividend rate on portion of balance over $25,000, resulting in 1.51% - 0.70% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver 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.