Kasasa Saver
Building your savings has never been so easy or so rewarding! Make the most of your Kasasa Cash rewards by earning 1.01% APY* each month with no monthly fees.
- Summary
With Kasasa Saver, your Kasasa Cash rewards are automatically deposited here where they can earn a second great interest rate—that's more than most other banks' money market accounts!
- Attaches to your Kasasa Cash account
- Earn 1.01% APY*
- No minimum balance
- No monthly fee
- Free online banking
- Free e-Statements
- Direct deposit available
- FDIC insured
- For Illinois residents only
Qualifications:
To easily grow your savings with 0.89% APY* from Kasasa Cash & 1.01% APY* from Kasasa Saver do the following each monthly qualification cycle:
- Have at least 10 debit card purchases post and clear
- Have at least 1 automatic payment or direct deposit post and clear
- Receive e-Statements
There's no penalty for not qualifying in a given monthly qualification cycle and the accounts are still free. Plus you'll still earn a base rate of 0.05%APY* on your Kasasa Cash account which will be automatically deposited into your Kasasa Saver account which will also earn earn a base rate of 0.05%APY*. You can get right back to making 0.89% APY* on your free Kasasa Cash checking account and earning 1.01%APY* on your free Kasasa Saver account plus enjoy ATM fee refunds** the next cycle you qualify.
Disclaimer:
*Minimum to open the Kasasa Cash account is $1 and $1 for Kasasa Saver. Kasasa Cash rate tiers are as follows: 0.89% APY applies all balances if qualifications are met each monthly qualification cycle. 0.05% APY applies to all balances if monthly qualifications are not met. All balances will earn 0.89% APY if monthly qualifications are met. All balances will earn 0.89%APY – 0.05% APY if monthly qualifications are met.
The APY assumes that Kasasa Cash account interest is not compounded when linked to Kasasa Saver, because the interest is automatically transferred to the Kasasa Saver account at the end of the monthly qualification cycle. The interest from the Kasasa Cash account transfers to the Kasasa Saver account, whether the qualifications are met or not.
Qualifying transactions must post and clear to the Kasasa Cash account during the monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra‐bank transfers do not count as qualifying transactions. Kasasa Saver rate tiers are as follows:1.01% APY applies to all balances if qualifications are met during the monthly qualification cycle on the Kasasa Cash account. 0.05% APY applies to all balances if qualifications are not met on the Kasasa Cash account. All balances will earn 1.01% if qualifications are met on the Kasasa Cash account.
