This free, high-interest account is designed to help you grow your savings faster. To start with, the interest rate is way above the national average. A Kasasa Cash Back account is required at the time of opening a Kasasa Saver. If you have not opened your Kasasa Cash Back account, today is the day. (Please refer to our checking products, choose Kasasa Cash Back, and apply now!)
The ATM fee refunds from Kasasa Cash Back are automatically transferred to Kasasa Saver. It helps you build your savings without even thinking about it.
Do you Kasasa?
- Earn 0.50% APY* on balances up to $20,000
- Earn 0.50% - 0.29% APY on balances over $20,000 depending on balance in account*
- Earn 0.10% APY* if qualifications are not met
- Linked to free Kasasa Cash Back checking account
- Automatic transfer of ATM fee refunds from Kasasa Cash Back
- 5 free withdrawals per month
- Free online banking
- Free eStatements
When you qualify for the Kasasa Cash Back rewards, you automatically qualify for the high-interest reward rate of Kasasa Saver. Simply do the following each monthly qualification cycle:
- Have at least 12 debit card purchases of at least $5 that post and settle
- Have at least 1 direct deposit or automatic payment (ACH) post and settle
- Be enrolled and receive eStatement notice
That's it! If you don't qualify one month, don't worry. Both accounts are still free, and you can get back to earning the full rewards the very next month.
*APY=Annual Percentage Yield. APYs accurate as of 06/18/2013. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash Back and $50 for Kasasa Saver. When monthly qualifications are met, you will receive 5% cash back on debit card purchases that post to and settle account during monthly qualification cycle up to a total cash back of $5 per monthly qualification cycle. Domestic ATM fees incurred using Kasasa Cash Back debit card during qualification cycle will be reimbursed up to $25 ($5.00 per single transaction) if qualifications are met within monthly qualification cycle. Qualifying transactions must post to and settle account during the monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an 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. Kasasa Cash Back rewards will be credited to your Kasasa Saver account on the last day of the monthly statement cycle. If qualifications in Kasasa Cash Back are met each monthly qualification cycle: (1) balances up to $20,000 in Kasasa Saver receive an APY of 0.50%; and (2) balances over $20,000 in Kasasa Saver earn 0.25% interest rate on the portion of the balance over $20,000, resulting in 0.50% - 0.29% APY depending on the balance. If qualifications are not met on Kasasa Cash Back, all balances in the Kasasa Saver earn 0.10% APY. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN.