Qualifying for Rewards
Qualifying for rewards is easy, simply do the following activities in your Kasasa Cash account during the monthly qualification cycle:
- Be enrolled in and receive monthly e-statement
- Have at least 1 (ACH) direct deposit or auto debit post and settle
- Have at least 10 debit card purchases post and settle
That’s it! Even if you don’t qualify one month, you still have a free account and earn our base rate of interest. Plus, you can get back to earning your rewards in the very next month.
*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. “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: Rewards vary by account. When your linked Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, your Kasasa Saver account balances up to $25,000 receive an APY of 0.50%; and balances over $25,000 earn 0.25% interest rate on the portion of balance over $25,000, resulting in a range from 0.50% to 0.25% APY depending on the account’s balance. When qualifications are not met, all Kasasa Saver balances earn 0.01% APY and only the non-qualifying interest from the Kasasa Cash account is transferred to your Kasasa Saver account. Interest and ATM fee reimbursements are credited to the appropriate account on the last day of the current statement cycle and are automatically transferred to the linked Kasasa Saver account at the same time or 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 12/01/2015. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, time-frames, enrollments, log-ons and other requirements apply. $100 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit, 10 debit card purchases post and settle and receipt of electronic statements are conditions 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. Limit 1 account per social security number. A Kasasa Cash account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC.