Take your savings strategy to the next level with free Kasasa Saver®! Open this account and link it to your free Kasasa Cash® checking, so your rewards can be transferred each month for automatic savings! There's no minimum balance requirement or monthly service charge. Plus, you'll earn high dividends on your Kasasa Saver balance. Saving has never been easier.
- Free account that builds your savings effortlessly
- Links to free Kasasa Cash® checking
- Kasasa Cash rewards automatically transferred to Kasasa Saver
- 1.00% APY* on balances up to $10,000
- 1.00% to 0.41% APY on balances over $10,000, depending on balance in account*
- 0.05% APY* on all balances if qualifications are not met
- No minimum balance to earn or save
- Never a monthly service fee
- Free online banking
- Free eStatements
- Free mobile banking
- Free direct deposit
- $1 minimum deposit to open
Three Simple Qualifications
Qualifying for the Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver rate too. To earn your rewards, simply do the following activities and transactions in your Kasasa Cash account each Monthly Qualification Cycle:
- Have at least 12 debit card purchases post and settle
- Have at least 1 direct deposit or ACH payment transaction post and settle
- Be enrolled in and agree to receive eStatements
That's it! Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. And you'll still earn our base dividend rate on Kasasa Saver too. You can always get right back to earning your full rewards the very next month!
KASASA CASH/SAVER DISCLAIMER APRIL 2015
*APY = Annual Percentage Yield. Qualifications vary by account. 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 CP Federal Credit Union as ATM transactions and purchases made with non-CP Federal Credit Union issued debit cards. "Monthly Qualification Cycle" means a period beginning one (1) day prior to the first day of the current Statement Cycle through one (1) day prior to the close of the current Statement Cycle. Rewards vary by account. When Kasasa Cash qualifications are met during a Monthly Qualification Cycle, dividends and ATM fee reimbursements that were credited to the associated Kasasa Cash account are automatically transferred into the linked Kasasa Saver account within one day. When qualifications are not met only the non-qualifying dividends from the Kasasa Cash account are transferred. Dividends and ATM fee reimbursements are credited to the appropriate account on the last day of the statement cycle. Account approval, conditions, qualifications, limits, timeframes, enrollments and other requirements apply. The minimum deposit to open an account is $200.00 for Kasasa Cash and $1.00 for Kasasa Saver. Balances above $10,000 receive a dividend rate of 0.35% on the portion of the balance above $10,000 if qualifications are met each monthly qualification cycle. As a result, the APY for balances up to and above $10,000 in Kasasa Cash will range from 2.00% - 0.50% APY if qualifications are met each monthly qualification cycle, depending on the balance in the account. To qualify for Kasasa Cash and Saver each monthly qualification cycle you must have 12 debit card purchases post and clear, have at least one direct deposit/ACH credit and receive e-statements. Enrollment in electronic services such as online banking & electronic statements may be required to meet some of the account's qualifications. Should you fail to meet the qualifiers for six (6) consecutive months, your account may be transferred to a non-interest bearing account. Limit one account(s) per social security number. There are no recurring monthly service charges or fees to open or close this account. A Kasasa Cash account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. Contact a CP Federal Credit Union service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA.