Link this free account to your Kasasa® checking — and build savings automatically while earning high interest.
- Free account that builds your savings effortlessly
- Links to free Kasasa® checking
- Automatic transfers of Kasasa Cash®, Kasasa Cash Back®, Kasasa Eats®, or Kasasa Play® earnings
- 3.00% APY* on balances up to and including $75,000
- 3.00% to 1.57% APY on balances over $75,000 depending on balance in account*
- 0.05% APY* on all balances if qualifications are not met in Kasasa checking
- No monthly maintenance fee
- No minimum balance to earn rewards
- No minimum deposit to open
Qualifications to Earn the Higher Rate
Qualifying for your Kasasa® rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa® checking account during each Monthly Qualification Cycle:
- At least 15 debit card purchases
- At least 1 direct deposit or ACH payment or bill pay transaction
- Be enrolled in and agree to receive eStatements
And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.
You must have a linked Kasasa Cash, a linked Kasasa Cash Back, a linked Kasasa Eats or a linked Kasasa Play account in order to open a Kasasa Saver account. The linked Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account must remain open throughout the period that you hold the Kasasa Saver account. Kasasa Saver account is a free, variable rate deposit account with no minimum balance that rewards account holders with interest when they meet the minimum qualifications associated with their linked account during that account’s Monthly Qualification Cycle. The interest/rewards earned through the linked checking account are transferred into the Kasasa Saver account at the end of the cycle period to help the consumer save.
Interest will be compounded on a monthly basis. Interest will be credited to your Kasasa Saver account on the last day of the current statement cycle.
We will use the daily balance method to calculate the interest in your Kasasa Saver account.
This is a variable rate account. The interest rate and annual percentage yield may change. The interest rate is determined at our discretion and we may change the interest rate on your account at any time, without any limitations, and without notice to you.
When your linked Kasasa account qualifications are met during a Monthly Qualification Cycle daily balances up to and including $75,000.00 in your Kasasa Saver account earn an interest rate of 2.96% resulting in an APY of 3.00%; and daily balances over $75,000.00 earn an interest rate of .50% on the portion of the daily balance over $75,000.00, resulting in a range from 3.00% to 1.57% APY depending on the Kasasa Saver account’s daily balance.
When your linked Kasasa account qualifications are not met during a Monthly Qualification Cycle, the interest rate earned on the account’s entire daily balance will be .05% resulting in a non-compounding annual percentage yield of .05%.
Transfers or withdrawals from a Kasasa Saver account to (a) another account of the same depositor at our institution or to (b) a third party or an account of the same depositor at another bank, if made by preauthorized transfer, automatic transfer, telephone, fax or internet banking service and (c) transfers or withdrawals to a third party or to an account of the depositor to another account at another bank made by check, draft, debit card are limited to an aggregate total of six (6) per calendar month. There is no limit to the number of transfers or withdrawals from your Kasasa Saver account to repay loans at our institution or are made in person, by mail, by messenger or at an ATM. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Qualifications and rewards may vary by account. No minimum deposit is required to open the account. Monthly ACH Debit or Credit, fifteen (15) debit card purchases and e-Statements are a condition of Monthly Kasasa Saver's linked to Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account(s). See fee schedule for fees that may apply to this account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of Kasasa Saver accounts linked to Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account(s). Limit of one account per person. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. If the Kasasa checking account is closed, the linked Kasasa Saver account will be changed to a Regular Savings Account. If, for whatever reason the Kasasa Saver portion of your account is closed, your account will automatically be converted to the associated standalone Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play account and that account's terms and conditions articulated within their specific disclosure will apply.
Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, Kasasa Cash Back, Kasasa Eats, Kasasa Play and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.