WHY A KASASA SAVER ACCOUNT?
A Kasasa Saver® is a free savings account that can be paired with a Kasasa Cash® or Kasasa Cash Back® checking account that receives a higher interest rate, as long as you qualify for the rewards that month. Earn up to 0.50% APY if reward qualifications are met on balances up to $10,000 (0.50% - 0.15% APY on balances over $10,000), and 0.03% APY if reward qualifications are not met. When rewards are met, they are deposited into the Kasasa Saver account, making saving easy!
HOW TO OPEN
If you are an existing member, Kasasa accounts can be added to your current account at any of our branch locations, or online.
If you are a non-member, and wish to open a Kasasa Saver Account, you must become a member by opening a Member Savings Account of at least $25.00. This can be done at any branch, or online. Then, you will choose which reward checking account you want to open: Kasasa Cash® or Kasasa Cash Back®.
REQUIRED ITEMS FOR MEMBERSHIP
- An unexpired government issued photo ID
- Another form of ID [Debit/Credit Card, Utility Bill, etc.]
- Social Security Number or Individual Taxpayer Identification Number
- Proof of physical address [if the address on your ID is not current]
- $25.00 for member savings account deposit
EARNING REWARDS IS EASY!
In order to qualify for the account rewards, simply do these three things:
- Sign up for and log in to online banking at least once per month
- Sign up for and receive e-statements
- Use your debit card at least 12 times throughout the monthly qualification cycle
If qualifications are not met during the monthly qualification cycle, then you won't receive the rewards for the month. Otherwise, it acts as a FREE account!
*See below for Account Disclosures.
*Account transactions and activities may take one or more days to post and settle to the account and all must do so 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 credit union as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our credit union. “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.
Reward Information: When your Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the statement cycle: Kasasa Saver: Balances up to $10,000 receive APY of .50%; and balances over $10,000 earn .15% interest rate on the portion of balance over $10,000, resulting in a range from .15% to .50% APY depending on the account’s balance. Kasasa Cash: Balances up to $10,000 receive a non-compounding APY* of 2.00%; and balances over $10,000 earn .15% interest rate on the portion of balance over $10,000, resulting in a non-compounding range from .15% to 2.00% APY* depending on the account’s balance. Kasasa Cash Back: 2.00% cash back on up to a total of $500 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $10 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash Cash Back qualifications are not met, Kasasa Saver: All balances earn .05% APY. Kasasa Cash: All balances earn a non-compounding APY* of .05%. Kasasa Cash Back: No cash back payments are made. *When linked to the Kasasa Saver account, the dividends 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 10/1/2015. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Monthly enrollment in online banking, receipt of electronic statements are conditions of this account. Enrollment in electronic services (e.g. online banking, electronic statements, and log-ons may be required to meet some of the account’s qualifications. Limit 1 account per social security number. An account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact one of our credit union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member Federally insured by NCUA. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.