A penny saved is a penny earned. We get this, which is why we offer free Kasasa Saver®. This account makes it really easy to grow your balance quickly by paying interest that's much higher than the national average.
And to make saving even easier, your Kasasa Saver must be linked to your free Kasasa Cash® checking account. Have your Kasasa Cash checking rewards transferred to your free Kasasa Saver® automatically — for savings you don't have to think twice about!
- Free savings that yields high interest
- Earn 0.21% APY* on all balances
- Earn 0.01% APY* if qualifications aren't met
- Must be linked to your free Kasasa Cash checking account for easy savings
- Have Kasasa Cash rewards transferred to Kasasa Saver
- No monthly service fee
- No minimum balance requirement
- Free debit card
- Free online services include:
- Free online banking with bill pay
- Free mobile banking
- Free eStatements
- Free telephone banking
- $50 minimum deposit to open
How to Earn Our Highest Rate
We've made earning your rewards super simple. In fact, you're probably doing most of these things already. To earn your rewards, simply do the following activities on your Kasasa Cash account each monthly qualification cycle:
- Have at least 15 debit card purchases post and settle (ATM withdrawals do not count)
- Have at least 1 direct deposit, ACH transaction, or bill payment transaction post and settle
- Be enrolled and receive eStatement notice
That's it! And if for some reason you don't qualify one month, your account is still free and you'll still earn our base interest rate. You can get back to earning your full rewards the very next monthly qualification cycle.
For more clarification, please see our Qualifications Calendar.
*APY=Annual Percentage Yield. APYs accurate as of 10/16/2014. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash and $50 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) 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 $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.21% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.37% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.01% 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. Transfers between accounts do not count as qualifying transactions. ATM-processed transactions do not count toward qualifying debit card transactions. Monthly qualification cycle is not the same as monthly 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: (1)balances up to $25,000 in Kasasa Saver account receive an APY of 0.31%; and (2)balances over $25,000 in Kasasa Saver account earn 0.21% interest rate on portion of balance over $25,000, resulting in 0.31% - 0.23% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver account earn 0.01% APY. Available on personal accounts only, one per client. ATM fee refunds (checking account only) up to $25 provided only if qualifications are met within the monthly qualification cycle and will be credited to the account on the last day of the monthly statement cycle.