Free Kasasa Saver

Build Your Savings Automatically with Monthly Reward Transfers and High Dividends

It can be easy to forget to save. It can be hard to find money to spare. But with free Kasasa Saver®, you can save money every month — without pinching pennies.

Easily set money aside with automatic rewards transfers. That’s right. Just link free Kasasa Cash® to Kasasa Saver. The rewards you earn there are transferred here, where they earn high interest to boost your balance. We even made it easy to open an account — open yours today!

Summary:

Free account that builds your savings effortlessly

Link to free Kasasa Cash®* checking or Kasasa Cash Back®** checking

Automatic Transfers of Kasasa Cash earnings

0.50% APY* on balances up to $10,000, 0.25% on balances over $10,000

0.05% APY* if qualifications are not met on Kasasa Cash

No minimum balance to earn rewards

No monthly service fee, even if you don’t meet the monthly qualifications

Free online banking

Free eStatements

Free mobile banking with mobile deposit

$100 minimum deposit to open

It’s Easy to Earn Rewards

Qualifying for your Kasasa Cash or Kasasa Cash Back automatically qualifies you for the highest Kasasa Saver rate.  To earn your rewards, just do the following transactions and activities in your Kasasa Cash account during each Monthly Qualification Cycle:

  • Have at least one direct deposit or ACH payment transaction post and settle
  • Have at least 12 signature-based debit card purchases post and settle
  • Be enrolled in and agree to receive eStatements

That’s it. Even if you don’t meet your qualifications during the cycle, your Kasasa Cash saver account is still free and you can get right back to earning your full rewards the very next month!

Current Rewards customers wishing to upgrade to Kasasa, please contact your local Banking Center

Return to Saved Application

*Interest Rates and APY The interest rate and APY that apply to your KASASA Saver account will be determined based on whether you have met the qualification criteria for your KASASA Checking account. When the KASASA Checking qualifications are not met, the interest rate on your KASASA Saver account will be 0.05% and the annual percentage yield will be 0.05%. When the KASASA Checking qualifications are met, the interest rate on your KASASA Saver account and corresponding annual percentage yield will be tiered. If your daily balance is $10,000.00 or less, the interest rate paid on the entire balance will be 0.4999% with an annual percentage yield of 0.50%. An interest rate on 0.25% will be paid only for the portion of your daily balance that is greater than $10,000.01. The annual percentage yield for this tier will range from 0.50%-0.25% depending on the balance in the account. Rates as of 01/13/17. The KASASA Checking APY is based on compounding interest. Please be aware that the interest earned in KASASA Checking is automatically transferred to KASASA Saver each statement cycle and does not compound. As a result, the actual interest amount paid for KASASA Checking may be less than the APY disclosed for that account. The KASASA Saver APY’s may be less than the KASASA Checking APY’s The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest are on your account at any time. Interest will be compounded on your KASASA Saver account on a monthly basis. Interest will be credited to your account of the last day of the statement cycle. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Qualifications To qualify for preferred rates on your “KASASA Saver” account, your KASASA Checking account must meet the following qualifications during the monthly qualification cycle: Have at least 12 debit card purchases post and clear Have at least 1 ACH transaction or direct deposit post and clear Receive eStatements Please note that transactions MUST post and clear to your KASASA Checking account during the monthly qualification cycle in order to receive the preferred rate on both the KASASA Checking and KASASA Saver accounts, and to receive ATM fee reimbursements in the KASASA Checking account. Transactions may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and clear an account. The following transactions do not count toward account rewards: ATM-processed transactions, transfers between accounts, non-retail payment transactions, and purchases made with debit cards not issued by our Bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. As indicated in the Trust in Savings disclosure for your KASASA Checking account, we will reimburse you for domestic ATM fees incurred in your KASASA Checking account if you have met your qualifications for the month. ATM fee reimbursements credited to your KASASA Checking account will be transferred to your KASASA Saver account automatically on the first business day following the day they were credited to your KASASA Checking account. Monthly Qualification Cycle and Monthly Statement Cycle Explanation “Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the fighter preferred rate. Other Account Information You must deposit $100.00 to open this account. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. You must have a KASASA Checking account in order to open a KASASA Saver account, and the KASASA checking account must remain open throughout the period that you hold the KASASA Saver account. In the event that you close your KASASA Checking account, we reserve the right to close your KASASA Saver account. The number of withdrawals or transfers from KASASA Saver that you make in-person, by mail or at an ATM are unlimited. During your statement cycle, you may also make up to six transfers or payments in the aggregate via pre-authorized withdrawals, telephone banking and online banking service, automatic transfers or at point of sale terminals using your ATM or debit card. These transactions are considered made on the date the transaction posts and clears your account, not the date the withdrawal request was initiated. See Fee Schedule for fees that apply to this account. Other Contract Terms To receive your monthly statement electronically, the following minimum computer hardware and software requirements must be met: One of the following operating systems: Windows XP, 2000 or Macintosh OSX. A secure session is established by using Secure Socket Layer (SSL) encryption and a compatible browser, such as; Internet Explorer 7.0, Netscape 7.2, Mozilla Firefox 1.0 or Safari 1.2.

**Interest Rates, APY and Rewards The interest rate and APY that apply to your KASASA SAVER account will be determined based on whether you have met the qualification criteria for your KASASA CASH BACK checking account. When the KASASA CASH BACK Checking qualifications are not met, the interest rate on your KASASA SAVER account will be 0.05% and the annual percentage yield will be 0.05%. When the KASASA CASH BACK Checking qualifications are met, the interest rate on your KASASA SAVER account and corresponding annual percentage yield will be tired. If your daily balance is $10,000.00 or less, the interest rate paid on the entire balance will be 0.4999% with an annual percentage yield of 0.50%. An interest rate of 0.25% will be paid only for that portion of your daily balance that is greater than $10,000.01. The annual percentage yield for this tier will range from 0.50% to 0.25% depending on the balance in the account. Rates as of 01/03/2017. When KASASA CASH BACK Checking qualifications are met during a monthly Qualification Cycle, you will receive 3.00% cash back on up to a total of $300.00 in PIN-based/signature-based debit card purchases that post and settle to the account during the qualification cycle period. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle. KASASA CASH BACK checking payments will be credited directly to your KASASA SAVER on the last day of the current statement cycle. When KASASA CASH BACK checking qualifications are not met, no cash back payments are made. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest on your account at any time. Interest will be compounded on your KASASA SAVER account on a monthly basis. Interest will be credited to your account on the last day of the statement cycle. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. Qualifications To qualify for preferred rates on your “KASASA SAVER” account, your KASASA CASH BACK checking account must meet the following qualifications during the monthly qualification cycle: Have at least 12 debit card purchases post and clear Have at least 1 ACH transaction or direct deposit post and clear Receive eStatements Please note that transactions MUST post and clear to your KASASA CASH BACK Checking account during the monthly qualification cycle in order to receive your KASASA CASH BACK checking rewards and the preferred rate on your KASASA SAVER account, and to receive ATM fee reimbursements for your KASASA CASH BACK checking account. Transactions may not be in a pending state to qualify as one of the qulaifications. Transactions may take one or more banking days from the date the transaction was made to post and clear an account. The following transactions do not count toward account rewards: ATM-processed transactions, transfers between accounts, non-retail payment transactions, and purchases made with debit cards not issued by our Bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. As indicated in the Truth in Savings disclsure for your KASASA CASH BACK checking account , we will reimburse you for domestic ATM fees incurred in your KASASA CASH BACK checking account if you have met your qualifications for the month. ATM fee reimbursement will be transfered to your KASASA SAVER account automatically on the last day of your statment cycle. If you have met your qualifications for the specified qualification cycle, we will reimburse you for all domestic ATM fees. ATM fee reimbursements will be credited to your account on the last day of your statement cycle. If an individual ATM fee is $5.00 or higher, you must contact us for reimbursement, with your receipt within sixty (60) calendar days of the withdrawal transaction. Monthly Qualification Cycle and Monthly Statement Cycle Explanation “Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate. The qualification cycle is the 21st of the month through the 20th of the next month. The qualification cycle may end earlier if the 20th falls on a weekend or holiday. Other Account Information You must deposit $100 to open this account. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. You must have a KASASA CASH BACK checking account in order to open a KASASA SAVER account, and the KASASA CASH BACK checking account must remain open throughout the period that you hold the KASASA SAVER account. In the event that you close your KASASA CASH BACK checking account, we reserve the right to close your KASASA SAVER account. The number of withdrawals or transfers from KASASA SAVER that you make in-person, by mail or at an ATM are unlimited. During your statement cycle, you may also make up to six transfers or payments in the aggregate via per-authorized withdrawals, telephone banking and online banking services, automatic transfers or at point of sale terminals using your ATM or debit card. The transactions are considered made on the date he transaction posts and clears your account, not the date the withdrawal request was initiated. See Fee Schedule for fees that apply to this account. Other Contract Terms To receive your monthly statement electronically, the following minimum computer hardware and software requirements must be met: One of the following operating systems: Windows XP, 2000 or Macintosh OSX. A secure session is established by using Secure Socket Layer (SSL) encryption and a compatible browser, such as; Internet Explorer 7.0, Netscape 7.2, Mozilla Firefox 1.0 or Safari 1.2.