Kasasa Saver

Kasasa Saver

Constantly work toward your goals without upping your workload. Free Kasasa Saver® does the heavy lifting for you. This innovative account is linked to your equally free Kasasa Cash® account. Every month, the rewards earned in Kasasa Cash checking are automatically transferred to Kasasa Saver.

There, they are put to work thanks to high interest payouts. Something that can seem so complicated — saving money — instantly becomes a piece of cake. Make your money work for you. Save automatically by signing up for Kasasa Saver today.

Easily convert your existing F & M accounts to Kasasa! Simply contact us, visit us, or call 1-800-950-4745.

Summary
  • Linked to free Kasasa Cash® account
  • Automatic transfers of Kasasa Cash rewards
  • 1.00% APY* on balances up to $20,000
  • 1.00 to 0.33% APY on balances over $20,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Kasasa Cash
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free eStatements
  • $100 minimum deposit to open

How Does Kasasa® Work?

Simple things like using your debit card and receiving eStatements save you time and make life easier. Those small changes also help save us some money. We can then pump that money back into the community — and to pay you rewards!

Qualifications

There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash® checking rewards, you automatically get the Kasasa Saver rate too! To earn your rewards, simply do the following activities in your Kasasa Cash checking account during the monthly qualification cycle.

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive eStatement notice
  • Be enrolled and log into online banking
  • Have at least 1 automatic payment (ACH) or bill pay post and settle

If you don't meet the qualifications one month, don't worry. There's no penalty and both accounts are still free and earn our base interest rate. Plus, you can get back to earning the full rewards the very next month.

*APY=Annual Percentage Yield. APYs accurate as of 01/13/2014. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $100 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 $20,000 receive APY of 2.00%; and (3) balances over $20,000 earn 0.20% interest rate on the portion of the balance over $20,000, resulting in 2.00% - 0.50% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.03% APY. Qualifying transactions must post to and settle 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 account. ATM-processed transactions do not count towards qualifying debit card transactions. "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. 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 $20,000 in Kasasa Saver receive an APY of 1.00%; and (2) balances over $20,000 in Kasasa Saver earn 0.19% interest rate on portion of balance over $20,000, resulting in 1.00% - 0.33% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 of higher.