This free account, exclusively available to Kasasa Cash® and Kasasa Cash Back® checking account holders, makes saving and growing your Kasasa® rewards effortless! Visit Customer Service at one of our convenient locations to open and link a Kasasa Saver® account to your Kasasa Cash® or Kasasa Cash Back® account.
DETAILS
- Free account that builds your savings automatically
- Links to free Kasasa Cash® or Kasasa Cash Back® checking
- Sweeps earned Kasasa® checking rewards into this account every month
- Kasasa Saver balance earns a high rate
- 1.00% APY* on balances up to $25,000
- 1.00% to 0.32% APY on balances over $25,000 depending on balance in account*
- 0.05% APY* if qualifications are not met
- No minimum balance requirements
- No monthly maintenance fee
- Free digital banking services including:
- $10 minimum deposit to open
REQUIREMENTS TO QUALIFY ARE EASY!
Requirements to Qualify:
Qualifying for your Kasasa Cash® or Kasasa Cash Back® rewards automatically qualifies you for the highest Kasasa Saver® rate. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® or Kasasa Cash Back® account during each Monthly Qualification Cycle:
- At least 12 ATM/Debit card purchase transactions
- At least 1 payment or ACH credit transaction
- Be enrolled in and agree to receive eStatements
There’s no reason to worry if you don’t meet these qualifications. Your Kasasa® accounts are still free, and you can still earn the base rate on your Kasasa Saver® balance. Even more — you can get right back to earning your full rewards the very next cycle that you qualify.
For more information please call us at 978-283-0246 or toll free at 888-283-2272, and speak with one of our representatives today.
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 card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. 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) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.
See our website at www.capeannsavings.bank or call 978-283-0246 to speak with one of our deposit operations representatives for specific Monthly Qualification Cycle dates.
Reward Information:
Depending on what Kasasa account you have, you will receive the following rewards when you meet your account's qualifications during a Monthly Qualification Cycle:
Kasasa Cash: See Kasasa Cash Webpage
Kasasa Cash Back: See Kasasa Cash Back Webpage
Kasasa Saver: daily balances up to and including $25,000 in your Kasasa Saver account earn an interest rate of 0.99% resulting in an APY of 1.00%; and daily balances over $25,000 earn an interest rate of 0.15% on the portion of the daily balance over $25,000, resulting in a range from 1.00% to 0.32% APY depending on the account's daily balance.
When your Kasasa Cash account qualifications are not met during a Monthly Qualification Cycle:
Kasasa Cash: ATM withdrawal fees are not refunded and the entire daily balance in the account earns an interest rate of 0.05% resulting in a non-compounding annual percentage yield of 0.05%.
Kasasa Saver: the entire daily balance in the Kasasa Saver account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05%.
* Interest in Kasasa Cash does not compound because it is automatically transferred to the Kasasa Saver account within one day. Note: Automatic transfer may cause an overdraft to your Kasasa Cash account if the account's balance is less than the transferred amount when transfer occurs.
Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
Qualifications, rates, rewards, fees, account specifics and restrictions may vary by account.
$10.00 minimum deposit is required to open the account.
Monthly Direct Deposit/ACH credit, enrollment in online banking, may be a condition(s) of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account(s).
Enrollment in electronic services (e.g. online banking, e-statements) and maintaining an active email address with the bank may be required to meet some of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account's qualifications.
Limit of one Kasasa Cash or Kasasa Cash Back account per Reporting Tax ID Number.
There are no recurring monthly maintenance charges or fees to open or close this account.
A Kasasa Cash Back or Kasasa Cash account is required to have a Kasasa Saver account.
A linked Kasasa Saver account is required for automatic savings.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our deposit operations representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Member FDIC. Member DIF.
Trademarks:
Experian is a registered trademark of Experian Information Solutions, Inc.
Kasasa, Kasasa Cash Back, Kasasa Cash, Kasasa Saver and Kasasa Protect are trademarks of Kasasa, Ltd., registered in the U.S.A.