Link your Kasasa Cash® or Kasasa Cash Back® checking account to this free account that pays a high rate and helps you save automatically.
Kasasa Cash and Kasasa Cash Back checking account holders have exclusive access to open this free account built to maximize Kasasa® checking rewards! Kasasa® accounts are part of a movement to reward people for banking locally. When money is reinvested in our community, it’s better for us all. Check out some of the great features and benefits Kasasa accounts offer below.
- 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
- 1.25% APY* on balances up to $50,000
- 1.25% to 0.48% APY on balances over $50,000 depending on balance in account*
- 0.05% APY* if qualifications are not met in Kasasa Cash or Kasasa Cash Back
- No minimum balance requirements or monthly maintenance fees
- $100 minimum deposit to open
It’s Simple to Qualify
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 12 debit card purchases
- At least 1 ACH direct deposit or ACH payment transaction
- Be enrolled in and agree to receive e-statements
See? Simple! Even if you don’t meet qualifications, your Kasasa® accounts are still free and you still earn the Kasasa Saver base rate! Even more, you can get right back to earning your full rewards the very next month.
How to Enroll in Kasasa Saver:
To open a Kasasa Saver Account, you must have an active Kasasa Cash or Kasasa Cash Back checking account. Visit us soon to open your Kasasa Saver account, and let’s get to building your savings!
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. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.
"Banking Day" means any day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions or for processing.
"Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website at www.ergobank.com or contact one of our bank service representatives at 920-398-2336 or 920-928-3161 for specific Statement Cycle dates.
Depending on what Kasasa account you have, you will receive the following rewards when you meet your account's qualifications during a Monthly Qualification Cycle:
Kasasa Cash: daily balances up to and including $25,000.00 receive an APY of 3.00%; and daily balances over $25,000.00 earn an interest rate of 0.30% on the portion of the daily balance over $25,000.00, resulting in a range from 0.30% to 3.00% APY depending on the account's daily balance.
Kasasa Cash Back: you will receive 3.00% cash back on up to a total of $300.00 PIN-base/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $9.00 cash back payments may be earned per Monthly Qualification Cycle.
You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash or Kasasa Cash Back account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.
Depending on your Kasasa account, when your qualifications are not met, cash back payments are not made, nationwide ATM withdrawal fees are not reimbursed and:
Kasasa Cash: the entire daily balance in the Kasasa Cash account earns 0.05% APY.
Interest will be credited to your Kasasa Cash and Kasasa Saver accounts on the last day of the current statement cycle.
The cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.
If Kasasa Cash or Kasasa Cash Back are linked to Kasasa Saver, the following also apply:
Kasasa Cash: When linked to a Kasasa Saver account, the interest earned within the Kasasa Cash account does not compound since it, along with any nationwide ATM withdrawal fee reimbursements are, 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 balance is less than the transferred amount when the transfer occurs.
Kasasa Cash Back: When linked to a Kasasa Saver account, the cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 10/10/2019.
APY calculations are based on an assumed balance of $25,000.00+ $100,000 in your Kasasa Cash account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Account Conditions Information
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
A minimum deposit of $100.00 is required to open a Kasasa Cash or Kasasa Cash Back account.
A minimum deposit of $100.00 is required to open a linked Kasasa Saver account.
Limit of one (1) account per social security number.
There are no recurring monthly maintenance charges or fees to open or close this account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account's qualifications.
This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.
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.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Monthly condition(s) of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account(s).
- At least one (1) direct deposit, ACH credit, or ACH payment transaction.
- At least twelve (12) PIN-based or signature-based debit card purchases.
- Be enrolled in and have agreed to receive e-statements rather than paper statements.
Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.
Cycle Date Information
The following dates apply to our Kasasa account(s). Monthly Qualification Cycle dates are not the same as our Statement Cycle dates. Please refer to your account's Truth In Savings disclosure for your account's specific qualification requirements. To qualify for your account's rewards, all of your account's qualifying transactions must post and settle to your specific Kasasa account within the Monthly Qualification Cycle dates stated below. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account's rewards. 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 your account's rewards.
|Monthly Qualification Cycle||Statement Cycle|
|October 2020||09/10/20 to 10/07/20||09/11/20 to 10/08/20|
|November 2020||10/08/20 to 11/11/20||10/09/20 to 11/12/20|
|December 2020||11/12/20 to 12/09/20||11/13/20 to 12/10/20|
|January 2021||12/10/20 to 01/13/21||12/11/20 to 01/14/21|
|February 2021||01/14/21 to 02/10/21||01/15/21 to 02/11/21|
|March 2021||02/11/21 to 03/10/21||02/12/21 to 03/11/21|
|April 2021||03/11/21 to 04/07/21||03/12/21 to 04/08/21|
|May 2021||04/08/21 to 05/12/21||04/09/21 to 05/13/21|
|June 2021||05/13/21 to 06/09/21||05/14/21 to 06/10/21|
|July 2021||06/10/21 to 07/07/21||06/11/21 to 07/08/21|
|August 2021||07/08/21 to 08/11/21||07/09/21 to 08/12/21|
|September 2021||08/12/21 to 09/08/21||08/13/21 to 09/09/21|
|October 2021||09/09/21 to 10/13/21||09/10/21 to 10/14/21|
|November 2021||10/14/21 to 11/10/21||10/15/21 to 11/11/21|
|December 2021||11/11/21 to 12/08/21||11/12/21 to 12/09/21|
|January 2022||12/09/21 to 01/12/22||12/10/21 to 01/13/22|