Earn high interest with no minimum balance requirement or monthly service charge. Link your free Kasasa® checking account and have your checking rewards transferred to Kasasa Saver® for savings you don’t have to think twice about. It’s easy to Kasasa!
- Savings that pays high interest
- Earn 0.50% APY* on balances up to $10,000
- Earn 0.50 - 0.27% APY on balances over $10,000, depending on balance in account*
- Earn 0.05% APY if qualifications aren’t met*
- No monthly service charge
- No minimum balance requirement
- Linked to your free Kasasa Cash®, or free Kasasa Cash Back® checking account
- Have Kasasa Checking rewards transferred to Kasasa Saver for automatic savings
- Free account management services include:
- $25 minimum deposit to open
How to Earn Our Highest Rate
When you meet your reward qualifications for your linked Kasasa Cash or Kasasa Cash Back checking account, your Kasasa Saver will automatically reward you. There are no additional requirements.
To earn your rewards, simply do the following on your Kasasa Cash or Kasasa Cash Back account each monthly qualification cycle:
- Have at least 12 debit card purchases post and settle
- Be enrolled in and log in to online banking or mobile banking
- Be enrolled in and agree to receive paperless statements
That’s it! And if for some reason you don’t earn your rewards one month, don’t worry. There is no monthly maintenance fee and you'll still earn our base interest rate. You can get back to earning your full rewards the very next month you qualify.
For more information:
- Personal Deposit Accounts Fees & Information (PDF)
- Your Deposit Account Agreement & Disclosure (PDF)
*APY = Annual Percentage Yield. Information and APYs are accurate as of 4/1/2015. Minimum deposit to open Kasasa Saver is $25 and minimum deposit to open either linked Kasasa Cash or linked Kasasa Cash Back account is $100. Rates and rewards are variable, at any time and at the discretion of BAC Community Bank rates, qualifications, and rewards may change after account is opened. Fees may reduce earnings. APY calculations are based on an assumed total account balance of $10,000 plus $100,000.
Qualifications Information: Account transactions and activities may take one or more Business 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 BAC as ATM transactions and purchases made with any debit card issued by someone other than BAC.
Business Day means any day Monday through Friday, provided that the weekday is not on a federal holiday. When a federal holiday falls on a Sunday, the next Monday is not a Business Day.
Statement Cycle means the period of time for which BAC provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. The Statement Cycle ends on the last business day of the month. The Statement Cycle begins on the first calendar day following the last business day of the month.
Monthly Qualification Cycle is a period ending one (1) business day prior to the close of the current Statement Cycle with a new Monthly Qualification Cycle beginning the next calendar day.
Automatic Qualifications and Bonuses: A new customer who opens a Kasasa checking account for the first time may receive the standard rewards (Kasasa Cash or Kasasa Cash Back) or a bonus reward (Kasasa Tunes) once without meeting any of the requirements during the initial Monthly Qualification Cycle. This feature is only available to new Kasasa accountholders one time, one pay out, and will not be honored for accounts that convert between deposit products. The automatic qualifications and/or bonuses feature may be discontinued by BAC at any time.
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 statement cycle:
- Kasasa Saver: Balances up to $10,000 receive APY of 0.50% (based on an interest rate of 0.50%); and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.50% to 0.27% APY depending on the account’s balance.
When Kasasa Cash or Cash Back qualifications are not met,
- Kasasa Saver: All balances earn 0.05% APY (based on an interest rate of 0.05%).
Balance Computation Method: We use the daily balance method to calculate the interest on your account. This method applies a periodic rate to the principal in the account each day for the period. The period we use is the Statement Cycle.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.Enrollment in electronic services (e.g. online banking, mobile banking, paperless statements) and log-ons are required to meet some of the account’s qualifications. Limit one (1) account per taxpayer identification number. 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 service charges or fees to open or close this account. See our Personal Deposit Accounts Fees & Information Schedule for fees that may apply to this account. Contact a BAC service representative 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.