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Link this free, high-interest account to your free Kasasa Cash® checking account to receive automatic deposits of your rewards. The APY* and ATM fee refunds* you earn are automatically transferred to your free Kasasa Saver account every month for care-free saving.
But that's not all. Your Kasasa Saver earns a high 0.70% APY* — so you can sit back, relax, and watch your savings grow!
If you miss a monthly qualification cycle, don't worry! There's no penalty for not qualifying in a given monthly qualification cycle, and both of your Kasasa® accounts are still free. Plus you'll still earn our base rate of 0.05% APY* on your Kasasa Saver, and 0.05% APY* on your Kasasa Cash checking. And you can get right back to earning rewards on both accounts the very next cycle that you qualify.
*Qualifications Information: Account transactions and activities may take one or more banking 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 First Bank as ATM or transactions and purchases made with non-First Bank issued debit or credit 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.
Reward Information: When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the statement cycle:
When Kasasa Cash qualifications are not met,
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 day after being credited to your Kasasa Cash account. Consequently, when linked to Kasasa Saver, and your Kasasa Cash qualifications are met, balances up to $25,000 in your Kasasa Cash account receive a non-compounding APY of 0.76%; and balances over $25,000 earn 0.50% interest rate on the portion of the balance over $25,000, resulting in a non-compounding range from 0.76% to 0.50% APY depending on the account's balance.
The Kasasa Saver APYs may be less than the Kasasa Cash APYs. APY = Annual Percentage Yield. APYs accurate as of 01/07/2015. 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. $50 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit, Bill Pay or ACH debit, and receipt of electronic statements are condition of these accounts. Enrollment in electronic services (e.g. online banking, electronic statements, Kasasa 360) and log-ons may be required to meet some of the account's qualifications. Limit 1 account per social security number as the primary account holder. There are no recurring monthly service charges or fees to open or close this account. Contact a First Bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa & Kasasa Cash are trademarks of BancVue, Ltd., registered in the U.S.A.