Kasasa Saver^®

You must have a linked Kasasa Cash or a linked Kasasa Cash Back account in order to open a Kasasa Saver account, and the linked Kasasa Cash or Kasasa Cash Back account must remain open throughout the period that you hold the Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Interest will be credited to your Kasasa Saver account on the last day of the current statement cycle.

APY = Annual Percentage Yield. APY calculations are based on an assumed balance of $110,000 in your Kasasa Cash account and $120,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.

Rewards Information:

When your linked Kasasa Cash or Kasasa Cash Back qualifications are not met during a Monthly Qualification Cycle, the entire daily balance in your Kasasa Saver account earns an interest rate of 0.0499% resulting in an annual percentage yield of 0.05% APY.

 

When your linked Kasasa Cash or Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle:

• Daily balances up to and including $20,000 in your Kasasa Saver account earn an interest rate of 1.243% resulting in an APY of 1.25%; and
• Daily balances over $20,000 earn an interest rate of 0.747% on the portion of the daily balance over $20,000, resulting in a range from 1.25% to 0.83% APY depending on the account’s daily balance.

When qualifications are met during a Monthly Qualification Cycle, Kasasa Cash account rewards are as follows:

Kasasa Cash – Level 1 Rewards:

• Daily balances up to and including $10,000 in your Kasasa Cash account earn an interest rate of 1.982% resulting in an APY of 2.00%; and
• Daily balances over $10,000 earn an interest rate of 0.499% on the portion of the daily balance over $10,000, resulting in a range from 2.00% to 0.64% APY depending on the account’s daily balance.
• Kasasa Cash – Level 2 Rewards:
• Daily balances up to and including $10,000 in your Kasasa Cash account earn an interest rate of 3.9280% resulting in an APY of 4.00%; and
• Daily balances over $10,000 earn an interest rate of 0.499% on the portion of the daily balance over $10,000, resulting in a range from 4.00% to 0.82% APY depending on the account’s daily balance.

When your linked Kasasa Cash account’s qualifications are not met during a Monthly Qualification Cycle:

• ATM withdrawal fees are not refunded and the entire daily balance in the account earns an interest rate of 0.0499% resulting in a non-compounding APY of 0.05%.

Interest in Kasasa Cash does not compound because it is automatically transferred to the Kasasa Saver account within one day. Note: automatic transfer may cause an overdraft to your Kasasa Cash or Cash Back account if the account’s balance is less than the transferred amount when transfer occurs.

When qualifications are met during a Monthly Qualification Cycle, Kasasa Cash Back account rewards are as follows:

• Kasasa Cash Back – Level 1 Rewards:
  • 3.00% cash back on up to a total of $200 debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back payments may be earned per Monthly Qualification Cycle.

• Kasasa Cash Back – Level 2 Rewards:
  • 4.00% cash back on up to a total of $200 card purchases that post and settle to the account during that cycle period. A maximum of $8.00 cash back payments may be earned per Monthly Qualification Cycle.

When your Kasasa Cash Back account qualifications are not met, no cash back payments are made, and ATM withdrawal fees are not refunded.

ATM Rewards: When Cash or Cash Back account qualifications are met, you will also receive reimbursements up to the aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash or Cash Back account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.

Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You will automatically qualify for the account’s rewards during your account’s first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.

Additional Information:

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Qualifications and rewards may vary by account. $50 minimum deposit is required to open the Kasasa Cash account. $50 minimum deposit is required to open the Kasasa Saver account. Monthly Direct Deposit/ACH credit, enrollment in online banking, eStatements, are condition(s) of Monthly Kasasa Saver’s linked Kasasa Cash or Kasasa Cash Back account(s). See Fee Schedule for fees that may apply to this account. Being enrolled in and having agreed to receive eStatements rather than paper statements is a condition of opening and maintaining these accounts. 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, for whatever reason the Kasasa Saver portion of your account is closed, your account will automatically be converted to a standalone Kasasa Cash or Kasasa Cash Back account, as applicable, and only the Kasasa Cash or Kasasa Cash Back terms and conditions articulated within this disclosure will apply. If, for whatever reason, Kasasa Cash or Kasasa Cash Back portion of your account is closed, your Kasasa Saver account will automatically be converted to a standalone savings account, and its associated terms and conditions will apply. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. A Global Item Fee of $3 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of the Kasasa Saver in excess of six during a monthly period.

Rates accurate as of August 1, 2024.