Kasasa Saver
A savings account is a savings account, right? Not at the Uncommon Bank. Kasasa Saver can actually build your savings all on its own. Here's how it works:
Get a free Kasasa Cash checking account that earns really high interest and nationwide ATM fee refunds* each monthly qualification. This free money is automatically deposited in Kasasa Saver, where it earns interest. That's not just uncommon...that's unbelievable! Do you Kasasa?
Please note: To open an account at First National Bank, you must be a resident of Louisiana.
- Summary
- Earn 1.25% APY* on balances up to $15,000
- Earn 1.25 – 0.64% APY on balances over $15,000 depending on balance in account*
- Earn 0.05% APY* on all balances if easy qualifications are not met
- Linked to free Kasasa Cash primary checking account
- Earnings from Kasasa Cash automatically deposited to Kasasa Saver
- Free online banking
- Free mobile banking available
- Free E-Statements
- $1 minimum deposit to open in branch
- $500 minimum deposit to open online
- FDIC insured
Qualifications
There are no extra qualifications for Kasasa Saver. You automatically receive the highest rate when you qualify for Kasasa Cash, which is very simple. Simply do the following each monthly qualification cycle:
- Be enrolled and receive eStatement notice
- Have at least 1 direct deposit or automatic payment (ACH) post and settle
- Have at least 15 debit card purchases post and settle
Even if you don't qualify in a cycle, there's nothing to worry about. Your Kasasa accounts are always free and earn our base rate of interest. You can get back to earning the higher interest and ATM fee refunds the very next cycle!
*APY=Annual Percentage Yield. APYs accurate as of 2/13/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $1 for Kasasa Saver. Minimum to open either account online is $500. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25.00 and credited to account on the last day of monthly statement cycle; (2) balances up to $15,000 receive APY of 2.55%; and (3) balances over $15,000 earn 0.55% interest rate on the portion of the balance over $15,000, resulting in 2.55% - 0.81% APY depending on the balance. If qualifications are not met on Kasasa Cash all balances earn 0.05% 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 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. 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 $15,000 in Kasasa Saver receive an APY of 1.25%; and (2) balances over $15,000 in Kasasa Saver earn 0.55% interest rate on portion of balance over $15,000, resulting in 1.25% - 0.64% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Withdrawals from Savings accounts are restricted by federal banking regulations. Please refer to First National Bank's Depositor's Contract for additional information. Kasasa Saver Savings must be tied to a Kasasa Cash Checking account. If the Kasasa Cash Checking account is closed and the Kasasa Saver Savings remains open, the Kasasa Saver Savings will be converted to a First Savings. Refer to the First Savings for more account information. Account may be subject to 1099-MISC or 1099-INT IRS reporting.
