Kasasa Saver

Account Qualification Information: Enrollments must be in place, and all of the following transactions and activities must post and settle to your Kasasa Cash Checking or Kasasa Cash Back Checking account during each Monthly Qualification Cycle:

• At least 10 debit card purchases⁺
• Be enrolled in and agree to receive e-statements
• Be enrolled in and log in to online banking

⁺See Purpose and Expected Use of Account and Reward section below for further details and limitations. 

Account transactions and activities may take one or more days to post and settle to the account, and all must do during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, credit card purchases processed by merchants and received by our bank, debit and credit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions, and purchases made with debit or credit cards not issued by our bank. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.  “Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Contact one of our branch service representatives for a calendar of the Monthly Qualification and Statement Cycles.

*Kasasa Cash Checking Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account on the last day of the current statement cycle: Kasasa Saver:  Balances up to $50,000.00 receive an APY of 1.50%; and balances over $50,000.00 earn an APY of 1.50% on the portion of balance over $50,000.00, resulting in a range from 1.50% to 1.50% APY, depending on the account’s balance (calculated on a balance up to $150,000). Kasasa Cash: Balances up to $25,000.00 receive a non-compounding APY* of 6.00%; and balances over $25,000.00 earn an APY* of 0.50% on the portion of balance over $25,000.00, resulting in a non-compounding range from 6.00% to 1.60% APY*, depending on the account’s balance (calculated on balances up to $125,000.00). 

When Kasasa Cash qualifications are not met, Kasasa Saver All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. *When linked to the Kasasa Saver account, the interest earned within the Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 06/14/2023. Rates and rewards are variable and may change after an account is opened. Fees may reduce earnings.

*Kasasa Cash Back Checking Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your accounts on the last day of the current statement cycle: Kasasa Saver: Balances up to $50,000.00 receive an APY of 1.50%; and balances over $50,000.00 earn an APY of 1.50% on the portion of balance over $50,000.00, resulting in a range from 1.50%  to 1.50% APY, depending on the accounts balance (calculated on a balance up to $150,000). Kasasa Cash Back Checking: Receive 6% cash back on 30 or more debit card purchases that post and settle to the account during that monthly qualification cycle, up to a total of $200.00 spend (i.e., maximum earnings of $12.00 cash back per Monthly Qualification Cycle). Receive 5% cash back on less than 30 debit card purchases that post and settle to the account during that monthly qualification cycle, up to a total of $200.00 spend (i.e., maximum earnings of $10.00 cash back per Monthly Qualification Cycle). 

When Kasasa Cash Back qualifications are met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash Back: No cash back payments are made. APY = Annual Percentage Yield. APYs accurate as of 06/14/2023. Rates and rewards are variable and may change after an account is opened. Fees may reduce earnings.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Minimum deposit of $100.00 is required to open the account. Enrollment in electronic services (e.g., online banking, electronic statements) and log-ons are required to meet some of the account’s qualifications. Limit 1 per primary Social Security number / individual taxpayer identification number. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of our bank financial representatives for additional information, details, restrictions, processing limitations and enrollment instructions.

Fees and Charges: Please refer to the separate Fee Schedule for information about fees and charges associated with this account. A Fee Schedule will be provided to you at the time you open an account, periodically when fees or charges change, and upon request.

You may make 6 limited withdrawals per calendar month; each additional withdrawal is $1.00. Account is subject to closure and or suspension of transaction capability for excessive limited withdrawals. 

Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.