Give your savings a major boost with the automatic savings generator — Kasasa Saver®. Your Kasasa Saver free savings account is linked to your equally free Kasasa Cash® Checking Account. Every month, the rewards earned in your checking are automatically transferred to your savings.
On top of an easier way to build savings, you earn an impressive interest rate too. Saving money can be hard enough — even without obstacles in your way. Kasasa Saver does all the work for you, so you can just sit back, relax, and save away.
- Linked to free Kasasa Cash account
- Automatic transfers of Kasasa Cash rewards
- 0.75% APY* on balances up to $10,000
- 0.75 – 0.25% APY on balances over $10,000 depending on balance in account*
- 0.01% APY* if qualifications are not met on Kasasa Cash
- No monthly service fee
- No minimum balance to maintain account or earn rewards
- Free online banking
- Free eStatements
- $25 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! To earn these rewards, simply do the following during the monthly qualification cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Be enrolled and log into online banking
- Have at least 1 direct deposit or automatic payment (ACH) 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 09/26/2016. Rates may change after account is opened. Minimum to open is $25 for Kasasa Cash and $25 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 $10,000 receive APY of 2.53%; and (3) balances over $10,000 earn 0.15% interest rate on the portion of the balance over $10,000, resulting in 2.53% - 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. 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 are met each monthly qualification cycle: (1) balances up to $10,000 in Kasasa Saver receive an APY of 0.75%; and (2) balances over $10,000 in Kasasa Saver earn 0.20% interest rate on portion of balance over $10,000, resulting in 0.75% - 0.25% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.01% 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.