Personal Savings

Kasasa Saver Accounts
Regular Savings Accounts
Money Market Daily Savingss Accounts
Christmas Club
Vacation Club
Certificate of Deposit Accounts
Individual Retirement Plan  

 

Kasasa Saver Account

Kasasa Saver is a free account that is an add-on to Kasasa Cash or Cash Back!

The money you earn in:

  • Kasasa Cash, including the high APY* & ATM fee refunds, will sweep into Kasasa Saver to help you save more!

OR

  • Kasasa Cash Back, including the cash back rewards & ATM fee refunds, will sweep into Kasasa Saver to help you save more!
  • And there are no monthly service fees

This account also earns some great rewards:

  • 0.75% APY* up to a balance cap of $15,000
  • The portion of the balance above $15,000 will earn 0.25 interest rate resulting in a range from 0.75% to 0.32% APY* depending on the account's balance

Qualifications

  • When you qualify in Kasasa Cash or Kasasa Cash Bank, you qualify for Kasasa Saver
  • $100 minimum deposit to open

NO Penalties

Even if yo don't qualify during a given cycle:

  • there are still no penalties; AND
  • The account still earns a base rate of 0.01% APY*

*APY=Annual Percentage Yield.  APY's accurate as of 11/24/2015.  Rates are variable & may change after account is opened without notice.  Overdraft & NSF fees may reduce earnings on the account.

 

Regular Savings Accounts

  • $100.00 initial deposit
  • Pays competitive interest
  • Interest compunded daily and paid quartely
  • Three withdrawals per quarter; $7.50 charge per additional withdrawal
  • Quarterly statement for active accounts
  • Tiered interest rates with no interest paid under $10.00

*Transfers or withdrawals from a savings account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per month.  

 

Money Market Daily Savings Acounts (MMDA)

  • $2,500.00 initial deposit
  • Competitive simple interest compounded daily and paid monthly 
  • Three withdrawals per month; $7.50 charge per additional withdrawal
  • Monthly statement
  • Tiered interest rates with no interest paid under $2,500.00 

*Transfers or withdrawals from a money market account to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party, are limited to 6 per month.

 

Christmas Club

  • $10.00 initial deposit
  • Interest compounded daily and paid at maturity
  • Customer receives check in early November - just in time for Christmas
  • Maximum Balance of $5,000.00
  • Consumers 18 years or older

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Vacation Club

  • $10.00 initial deposit
  • Interest compounded daily and paid annually
  • Two (2) withdrawals per year
  • Maximum Balance of $5,000.00
  • Consumers 18 years or older

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Certificate of Deposit Account 

  • $500.00 initial deposit
  • Certificates may be structured from 7 days to 60 months to fit individual needs
  • Competitive rates
  • Simple interest paid monthly, quarterly, semi-annually or at maturity
  • Certificates can be automatically renewed
  • Federal regulations require penalty for early withdrawal
  • Jumbo certificate of deposit rates quoted daily by savings department

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Individual Retirement Plan  (IRA)

  • $100.00 initial deposit
  • No annual fee
  • Simple interest compunded quarterly & credited to account quarterly
  • Withdrawals permitted at age 59 1/2 (prior to 59 1/2 1 month penalty)
  • Age 70 1/2 withdrawals are required 

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