Home » Personal » Savings » Kasasa Saver®
  • Linked to free Kasasa checking account
  • Automatic transfers of Kasasa checking rewards
  • .75% APY on balances up to $25,000
  • .25% APY on portion of balance over $25,000
  • .01% APY on the entire balance if qualifications are not met

Account Features:

  • Linked to free Kasasa checking account
  • Automatic transfers of Kasasa checking rewards
  • .75% APY on balances up to $25,000
  • .25% APY on portion of balance over $25,000
  • 0.01% APY* if qualifications are not met on Kasasa checking
  • No minimum deposit to open Kasasa Saver

Qualifications:

Qualifying for the Kasasa checking rewards automatically qualifies you for the highest Kasasa Cash Saver rate too. To earn these rewards, simply do the following during the monthly qualification cycle:

  • Receive either online statements or email statements
  • Have at least 12 debit card purchases during statement cycle
  • Access online or mobile banking at least 1 time per month

If you don’t qualify for the rewards in a given cycle, don’t worry. Your accounts are still free, and you still earn our base rate of interest in both Kasasa Cash or Cash Back and Kasasa Cash Saver; and you can get back to earning the rewards the very next qualification cycle. So don’t just bank, Kasasa®.

 

*Qualification Information:

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, debit and credit card purchases processed by merchants and received by Bank of St. Elizabeth as ATM transactions, PIN-based, signature based transactions, non-retail payment transactions, and purchases made with debit or credit cards not issued by Bank of St. Elizabeth. 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. “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: Rewards vary by account. Depending on what Kasasa account you open, you will receive the following rewards when you meet your account’s qualifications during a Monthly Qualification Cycle: Kasasa Cash: Balances up to $10,000] receive APY* of 2.0%; and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.25% to 2.00% APY* depending on the account’s balance. Kasasa Cash Back: 3.0%] cash back on up to a total of $300.00 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle.

 Kasasa Saver:

(if linked to a Kasasa Cash or Kasasa Cash Back account): Balances up to $25,000 in your Kasasa Saver account receive an APY of 0.75% and balances over $25,000 earn 0.25% interest rate on the portion of balance over $25,000, resulting in a range from 0.25% to 2.0% APY depending on the account’s balance. ATM Fee Refunds: you will receive reimbursements up to $25 ($5.00 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented within sixty (60) calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher. When your Kasasa account qualifications are not met all balances in a Kasasa Cash account earn 0.01%] APY*; all balances in a Kasasa Saver account earn 0.01% APY; cash back payments are not made, and ATM fees are not reimbursed. Rewards and ATM fee reimbursements will be credited to the appropriate Kasasa account on the last day of the current statement cycle. Automatic transfer from Kasasa Cash to Kasasa Saver occurs within one day and may cause an overdraft to your Kasasa Cash account if the account’s balance is less than the transferred amount when transfer occurs. When linked to the Kasasa Saver account, the interest earned within the linked Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account. Due to non-compounding, the actual interest amount transferred from the Kasasa Cash account to the Kasasa Saver account may be less than the advertised Kasasa Cash APY*, if the advertised APY* is represented without a linked Kasasa Saver account. APY = Annual Percentage Yield. APYs accurate as of 09/25/2017. 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 a Kasasa account. Monthly enrollment in online banking, receipt of electronic statements may be a condition(s) of these accounts. 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(s) per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. A Kasasa Cash or Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions.