Kasasa Saver - Free Savings Account

Kasasa Saver®

Save time, energy, and most importantly, money, with a free Kasasa Saver® account. Innovative Kasasa Saver does the heavy lifting for you. Every month the rewards earned in your free Kasasa Cash® checking account are automatically transferred to your Kasasa Saver account.

There, they make even more money via high dividend rates. No need to jump through hoops to keep up with your savings. Save money automatically, with an account that makes it easy!


View our current rates.

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Summary
  • Linked to free Kasasa Cash® account
  • Automatic transfers of Kasasa Cash rewards
  • 0.50% APY* on balances up to $10,000
  • 0.50% to 0.27% APY on balances over $10,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Kasasa Cash
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free eStatements
  • $5 minimum deposit to open

How Does Kasasa® Work?

Simple things like using your debit card and receiving eStatements save you time and make life easier. Those small changes also help save us some money. We can then pump that money back into the community — and to pay you rewards!

Qualifications

It's so easy to qualify, you're probably already doing it! To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each monthly qualification cycle:

  • Have at least 10 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Have at least 1 automatic payment (ACH) or bill pay transaction post and settle
  • Be enrolled and log into online banking

Qualifying for the Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate too. Even if you don't qualify, there's still no monthly service fee and you still earn dividends at the base rate. Plus you can get back to earning the huge rewards the very next monthly qualification cycle!

*APY=Annual Percentage Yield. APYs accurate as of 05/09/2017. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash and $5 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 ($4.99 per transaction) and credited to account 
on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.50%; and (3)
balances over $10,000 earn 0.25% dividend rate on the portion of the balance over $10,000, resulting in 2.50% to 0.45% 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-processed transactions and transfers between accounts 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 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 0.50%; and (2) balances over $10,000 in Kasasa Saver earn 0.25% dividend rate on portion of balance over $10,000, resulting in 0.50% to 0.27% 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 fee of $5.00 or higher.