How cool is Kasasa? It actually builds your savings for you. That's because your Kasasa Cash or Kasasa Cash Back rewards are automatically transferred to Kasasa Saver—a free savings account that earns interest way above the national average. Savings that builds itself...now that's Kasasa!
- 0.72% APY* on balances up to $10,000
- 0.72% to 0.27% APY* on amount of balance over $10,000
- 0.02% APY* if qualifications are not met
- No monthly service fee
- No minimum balance to earn rewards
- Linked to Kasasa Cash or Kasasa Cash Back checking account
- Free online banking
- Free paperless eStatements
- $25 minimum deposit to open, no minimum thereafter
You qualify for the high Kasasa Saver rate automatically when you meet the qualifications for your Kasasa Cash or Kasasa Cash Back checking account:
- Have at least 12 debit card purchases post and settle
- Be enrolled and receive free monthly eStatement notice
- Have at least one direct deposit or automatic payment (ACH) post and settle
That's it. Simple things that make your life easier. But if you don't qualify one month, don't worry. Your Kasasa accounts are still free. And you can get back to earning the full rewards the very next month!
*Kasasa Saver must be linked to a Kasasa Cash or Kasasa Cash Back account. APY = Annual Percentage Yield. APYs accurate as of 12/03/14. Rates may change after account is opened. Minimum to open Kasasa Cash or Kasasa Cash Back is $100 and $25 for Kasasa Saver. Fees may reduce earnings. Qualifying transactions must post to and settle linked Kasasa Cash or Kasasa Cash Back 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. "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. If qualifications in linked Kasasa Cash or Kasasa Cash Back account are met each monthly qualification cycle: (1) balances up to $10,000 in Kasasa Saver receive an APY of 0.72%; and (2) balances over $10,000 in Kasasa Saver earn 0.22% interest rate on portion of balance over $10,000, resulting in 0.72% - 0.27% APY depending on the balance. If qualifications are not met on linked Kasasa Cash or Kasasa Cash Back account, all balances in Kasasa Saver earn 0.02% APY. Transfers between accounts and ATM transactions do not count as qualifying transactions. The advertised Kasasa Cash APY is based on compounding interest. By linking Kasasa Saver to your Kasasa Cash account, interest earned on Kasasa Cash account will be automatically transferred to Kasasa Saver each statement cycle and does not compound. Therefore, the actual interest amount paid may be less than the advertised Kasasa Cash APY.