Earn a high 1.00% APY* and build your savings just by using your checking account. The interest you earn on your Kasasa Cash checking account is automatically transferred to the Kasasa Saver account, along with your ATM fee refunds*.
To earn your rewards, simply do the following activities and transactions in your Kasasa Cash checking account each monthly qualification cycle:
If you don't qualify in a given cycle, don't worry about it—you will still earn our base rate of interest for that period. And you can get the Kasasa Saver rate back the very next cycle you qualify!
*APY=Annual Percentage Yield. APYs accurate as of 1/30/2013. Rates may change after account is opened. Minimum to open is $50 for Kasasa Cash and $50 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.00%; and (3) balances over $10,000 earn 0.499% interest rate on the portion of the balance over $10,000, resulting in 2.00% - 0.63% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.10% APY. Qualifying transactions must post to and settle to Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle to account. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle (one day asynchronous – no weekend processing). 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 are met each monthly qualification cycle: (1) balances up to $25,000 in Kasasa Saver receive an APY of 1.00%; and (2) balances over $25,000 in Kasasa Saver earn 0.499% interest rate on portion of balance over $25,000, resulting in 1.00% - 0.58% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.10% APY. Transfers between accounts do not count as qualifying transactions. PIN based transactions do not count towards qualifying debit card transactions. ATM-processed transactions do not count towards qualifying debit card transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.