Build savings automatically while earning high interest.
Saving just got a lot easier. Add free Kasasa Saver® to your free Kasasa Cash® or Kasasa Cash Back® checking and watch your savings grow effortlessly.
When you earn cash rewards in your Kasasa® checking, those earnings transfer into Kasasa Saver. Plus, Kasasa Saver pays up to 0.75% APY* on your balance! That’s Kasasa here at Connection Bank — free accounts that say “thanks for banking locally with us.” Open your Kasasa accounts today at any of our locations >
Benefits
- Free account that builds your savings effortlessly
- Links to free Kasasa Cash or Kasasa Cash Back checking
- Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
- 0.75% APY* on balances up to $50,000
- An interest rate of .250% will be paid only for that portion of your daily balance that is greater than $50,000. Depending on the balance in the account, the annual percentage yield (APY) for this tier will range from .75% to .42%, assuming a maximum account balance of $150,000.
- 0.05% APY* on all balances, even if qualifications are not met
- No monthly maintenance fee
- No minimum balance to earn rewards
- Free Mobile Banking
- Free Online Banking
- Free eStatements
- $1 minimum deposit to open
It’s so easy to earn your rewards — you’re probably already doing it.
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. 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 14 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your accounts are still free.
Plus, you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.
Interested in our Kasasa Saver® account but still need to make the switch to Connection Bank? We've made it easy! Check out our Switch Kit 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, and purchases made with debit cards not issued by our bank. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.
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 day of the current statement cycle: Kasasa Saver: Balances up to $50,000 receive APY of 0.75%; and balances over $50,000 earn 0.250% interest rate on the portion of balance over $50,000, resulting in a range from 0.75% to 0.42% APY assuming a maximum account balance of $150,000. Kasasa Cash: Balances up to $25,000 receive a non-compounding APY* of 5.00%; and balances over $25,000 earn 0.250% interest rate on the portion of balance over $25,000, resulting in a non-compounding range from 5.00% to 1.20% APY* depending on the account’s balance. Kasasa Cash Back: 5.00% cash back on up to a total of $200.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $10.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash and/or Cash Back qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. 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 within one day. This 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. APY = Annual Percentage Yield. APYs accurate as of 12/13/23. 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. $1 minimum deposit is required to open the account. Monthly receipt of electronic statements is a condition of this account. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account’s qualifications. 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 maintenance charges or fees to open or close this account, unless closing occurs within 60 days of account opening which incurs a $15 fee. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC.
Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.
