| Note: Annual Percentage Yield (APY) accurate as of 1/1/19. Rates and rewards are variable and may change without notice. Fees may reduce earnings.
General.
Minimum $5 deposit required to open the account. No minimum balance required to earn or receive rewards. A Kasasa Cash or Kasasa CashBack account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. In the event that your Kasasa Cash or Kasasa CashBack account is closed, your Kasasa Saver account will be closed as well.
Rewards vary by account. When your linked Kasasa Cash or Kasasa CashBack account qualifications are met during a Monthly Qualification Cycle, your Kasasa Saver account balances up to $25,000 earn 0.50% APY and balances over $25,000 earn 0.10% dividend rate on the portion of balance over $25,000, resulting in a range from 0.50% to 0.18% APY depending on the account’s balance. “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.
Dividends and ATM fee reimbursements are credited to the appropriate account on the last day of the current statement cycle.
Kasasa Cash rewards are automatically transferred to the linked Kasasa Saver account within one day. This automatic transfer may cause an overdraft to your linked Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs.
When your linked Kasasa Cash or Kasasa CashBack account qualifications are not met, the account will still function as a free account with no monthly fee; however, all Kasasa Saver balances earn 0.05% APY.
Kasasa, Kasasa Cash, Kasasa CashBack and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.
Please refer to our separate Schedule of Fees and Truth in Savings disclosures for complete details of fees and conditions. |