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Kasasa Saver

Free Kasasa Saver® makes it easy to save! 

Add free Kasasa Saver to your free Kasasa Cash® checking or your Kasasa Cash Back®, then sit back and watch your savings grow. We’ll transfer the interest and refunds on ATM fees from your Kasasa® checking account to your Kasasa Saver each month, where you can earn up to a really high 0.50% APY*!

And because your savings goes into a separate account from your checking, you can forget about it until you really need it. That’s low-effort savings the Kasasa way.

Open your Kasasa accounts online now — simply click the "Open in Minutes" button at the bottom of the page!

Summary

Free Kasasa Saver benefits: 

  • Linked to free Kasasa Cash or Kasasa Cash Back account
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back rewards
  • 0.50% APY* on Average Daily Balances (ADB) up to $10,000
  • 0.50% to 0.27% APY on portion of ADB over $10,000 depending on balance in account*
  • 0.01% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No monthly service fees
  • No minimum balance to earn rewards
  • Free online banking
  • Free mobile banking
  • Free e-Statements
  • $25 minimum deposit to open

Earning Rewards Is Easy:

To earn your rewards, simply do the following activities and transactions in your Kasasa Cash or Kasasa Cash Back checking account each Monthly Qualification Cycle:

  • For Kasasa Cash:
    • Have at least 12 debit card purchase transactions of at least $5.00 each post and settle to your account during the Monthly Qualification Cycle
  • For Kasasa Cash Back:
    • Have at least 12 debit card purchase transactions post and settle to your account during the Monthly Qualification Cycle
  • Be enrolled in and agree to receive e-Statements, electronic account notices and disclosures
  • Be enrolled in and log in to Online Banking 

That’s all there is to it. Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. There’s no penalty fee if you miss your monthly qualifications. You can get back to earning your full rewards the very next cycle. And best of all, both Kasasa checking and Kasasa Saver accounts are always free.

*Qualifications Information:  Account transactions and activities may take one or more Business 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 card purchase transactions processed by merchants and received by ONE AMERICAN BANK as ATM transactions and purchases made with non-ONE AMERICAN BANK issued debit cards.  “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current Statement Period through one (1) day prior to the close of the current Statement Period.

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 Business Day of the Statement Period:

§  Kasasa Saver: Average Daily Balances (ADB) up to $10,000 receive APY of 0.50%; and ADB over $10,000 earn 0.25% interest rate on the portion of ADB over $10,000, resulting in a range from 0.50% to 0.27% Annual Percentage Yield (APY)  depending on the account’s ADB (calculation is based on a $110,000 average daily balance).

§  Kasasa Cash: Average Daily Balances (ADB) up to $10,000 receive APY of 3.50%; and ADB over $10,000 earn 0.25% interest rate on the portion of ADB over $10,000, resulting in a range from 3.50% to 0.55% APY depending on the account’s ADB (calculation is based on a $110,000 average daily balance).

§  Kasasa Cash Back:  3.50% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that Monthly Qualification Cycle.  A maximum of $10.50 cash back may be earned per Monthly Qualification Cycle.

When Kasasa Cash or Cash Back qualifications are not met,

§  Kasasa Saver:  All ADB earn 0.01% APY.

§  Kasasa Cash:  All ADB earn 0.01% APY.

§  Kasasa Cash Back:  No cash back payments are made.

When linked to the Kasasa Saver account, the interest earned within the Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account the business day after being credited to your Kasasa Cash account.  The advertised Kasasa Cash APY is based on compounding interest. Interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each Statement Period and does not compound.  Cash back payments and ATM fee refunds from your linked Kasasa Cash Back account will be credited to your Kasasa Saver Account on the last Business Day of the Statement Period.

APYs are accurate as of 12/18/2015.  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. $25 minimum deposit is required to open the Kasasa Saver account. Enrollment in Online Banking and receipt of e-Statements, electronic account notices and disclosures are conditions of this account. Enrollment in electronic services (e.g. Online Banking, e-Statements and log-ons) are required to meet some of the account’s qualifications.  This account is not to be used for commercial purposes and there is a limit of one (1) Kasasa Cash or Cash Back account and one (1) Kasasa Saver account per social security number.  A Kasasa Cash or Kasasa Cash Back 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. Limit of six (6) transfers each calendar month.  Contact a ONE AMERICAN BANK service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC.

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.

**Subject to approval