Snowball your savings with Kasasa Saver™ — linked automatically to your Kasasa Cash Back™ checking account. Start with Kasasa Cash Back rewards* and ATM fee refunds** compacted securely in your Kasasa Saver account. Then sit back and watch as 0.75% APY** grows your savings bigger and bigger with downhill, hands-free ease.
Build savings in steady fashion, undeterred by the highs and lows of constant checking activity. And keep worries away with a soon-to-be avalanche of cash.
- 0.75% APY** on balances up to $5,000
- 0.05% APY** if qualifications aren't met
- Build savings automatically
- Kasasa Cash Back rewards instantly transfer to Kasasa Saver
- No monthly service fee
- No minimum balance requirement
- Free online banking
- Free eStatements
- Funds are FDIC insured
- No minimum deposit to open
Kasasa Saver and Kasasa Cash Back work together with no additional qualifications and at no cost. Open a Kasasa Cash Back account and you're eligible for Kasasa Saver. Then qualify for Kasasa Cash Back rewards and earn full Kasasa Saver interest — it's that simple. Just do the following each monthly qualification cycle:
- Have at least 12 check card purchases post and clear
- Receive free eStatements
- Log in to ParkLine (online banking)
And even if you don't qualify one month, there's no penalty fee. In fact, you still earn some interest. Plus, you're eligible for rewards in full the very next cycle!
*APY=Annual Percentage Yield. APYs accurate as of 01/02/2013. Rates may change after account is opened. When monthly qualifications are met, you will receive 4% cash back on debit card purchases that post to and clear account during monthly qualification cycle up to a total cash back of $4 per monthly qualification cycle. Domestic ATM fees incurred using Kasasa Cash Back debit card during qualification cycle will be reimbursed if qualifications are met within monthly qualification cycle. Qualifying transactions must post to and clear account during the monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and clear an account. "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 from Kasasa Cash Back account are automatically transferred to Kasasa Saver at the beginning of the following statement cycle. If qualifications in Kasasa Cash Back are met each monthly qualification cycle: (1) balances up to $5,000 in Kasasa Saver receive an APY of 0.75%; and (2) balances over $5,000 in Kasasa Saver earn 0.35% interest rate on the portion of the balance over $5,000, resulting in 0.75% - 0.37% APY depending on the balance. If qualifications are not met on Kasasa Cash Back, all balances in the Kasasa Saver earn 0.05% APY. Monthly direct deposit required to have this account. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.