Make the most of your Kasasa Cash earnings and ATM fee refunds* with this free high interest savings account. With the Saver account, your rewards are transferred here each monthly qualification cycle, where they earn interest.
There are no additional criteria. When you qualify for the Kasasa Cash rewards, you automatically get the Saver rate, building your savings—without even having to think about it!
- 1.05% APY* on balances up to $5,000
- 1.05 to 0.24% APY on balances over $5,000 depending on balance in account*
- 0.01% APY* on entire balance if qualifications are not met
- Automatic transfers from Kasasa Cash account
- No monthly service fees or minimum balance required to earn rewards
- Free online banking with bill pay
- Free eStatements
- Free debit card with nationwide ATM network
- Free TeleBanc phone banking at 800.462.6694
- Free mobile banking
- $50 minimum deposit to open Kasasa Cash
- $1 minimum deposit to open Kasasa Saver
In order to earn the Kasasa Saver reward, simply meet the Kasasa Cash qualifications each monthly qualification cycle:
- Have at least 10 posted debit card purchases post and settle
- Have at least one direct deposit, ACH automatic payment, or bill pay post and settle
- Be enrolled and receive free paperless eStatements
If you don't qualify, you will still receive our base rate, and can get the Saver rate back the very next cycle.
*APY=Annual Percentage Yield. APYs accurate as of 06/14/2013. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash and $1.00 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM surcharge fees imposed from other U.S. Financial Institutions incurred during qualification cycle will be reimbursed (checking account only) and credited to account on the last day of monthly statement cycle. ATM transaction fees imposed from First National Bank for using a non-First National Bank ATM incurred during qualification cycle will be reimbursed (checking account only) and credited to account on the last day of the next monthly statement cycle. All ATM fee reimbursements limited up to $20 per monthly statement cycle (2) balances up to $10,000 receive APY of 2.05%; and (3) balances over $10,000 earn 0.20% interest rate on the portion of the balance over $10,000, resulting in a range of 2.05% - 0.37% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.01% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash account are met each monthly qualification cycle: (1) balances up to $5,000 in Kasasa Saver account receive an APY of 1.05%; and (2) balances over $5,000 in Kasasa Saver account earn 0.20% interest rate on portion of balance over $5,000, resulting in a range of 1.05% - 0.24% APY depending on the balance. If qualifications are not met in Kasasa Cash, all balances in Kasasa Saver account earn 0.01% APY. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. Transfers between accounts do not count as qualifying transactions. Limit one account per Social Security Number.