Kasasa Saver

Save money and some serious effort with an account that does the heavy lifting for you. Free, innovative Kasasa Saver® links to your equally free Kasasa Cash® checking account. Every month, the rewards earned in Kasasa Cash are automatically transferred to Kasasa Saver.

Managing savings can seem tough — that is, when you don't have Kasasa®. Sign up today, then sit back and enjoy some sweet southern tea, as the savings roll in.

Summary
  • Linked to free Kasasa Cash account
  • Automatic transfers of Kasasa Cash rewards
  • 1.00% APY* on balances up to $10,000
  • 1.00 – 0.31% 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 maintain account
  • Free online banking
  • Free eStatements
  • No minimum deposit to open

Qualifications

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! Simply do the following each monthly qualification cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Have at least 2 automatic payments (ACH auto debit only) 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 05/13/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $9.99 per transaction and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.25%; and (3) balances over $15,000 earn 0.25% interest rate on the portion of the balance over $15,000, resulting in 2.25% - 0.51% 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 do not count towards qualifying check 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 1.00%; and (2) balances over $10,000 in Kasasa Saver earn 0.25% interest rate on portion of balance over $10,000, resulting in 1.00% - 0.31% 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 ATM fee of $10.00 or higher.

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