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Kasasa Account Disclosures

All Kasasa Truth-in-Savings Disclosures


Rates effective as of 10/18/2019.
Rates subject to change at the bank's discretion.

Qualification Cycle

For Kasasa Cash Checking a “monthly qualification cycle” starts on the last business day of a month and ends on the second to last business day of the next month.  All requirements must post and settle your account during the monthly qualification cycle to be considered a qualifying account and receive the preferred rate for that month.  They may not be in a pending state to qualify as one of the transactions.  Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made.  Intra-bank transfers do not account as qualifying ACH transactions.  Interest is calculated and paid through the last calendar day of the month.

If you have met your qualifications for the specified qualification cycle, we will reimburse you for domestic ATM fees up to $20 per qualification cycle.  ATM fee reimbursements will be credited to your account on the last day of your statement cycle.  ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction.  ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches.  If you believe that you have not been reimbursed the correct amount, please contact us.  We must hear from you no later than 30 days after the statement cycle when the reimbursement was applicable.  Note: ATM withdrawals do not count as qualifying debit card transactions for purposes of earning rewards within this account.

Qualification Cycle Dates Fee Schedule

Kasasa Cash® Truth-in-Savings Disclosure

Eligibility Requirements

To qualify for Kasasa Cash checking rates, you must:

  • Have at least 15 debit card point-of-sale transactions per “monthly qualification cycle” post and settle
  • Have at least two direct deposits or auto debits monthly (transaction must be over $1.00) post and settle
  • Be enrolled and receive e-statements electronically

If monthly requirements are not met, we will pay not less than the minimum rate on your account.

  • When the Kasasa Cash Checking requirements are not met, the interest rate on your account and corresponding annual percentage yield (APY) is described in the chart below:
Balance Tier Interest Rate Annual Percentage Yield (APY)
All Balances 0.01% 0.01%
 
  • When the Kasasa Cash Checking  requirements are met, the interest rate on your account and corresponding annual percentage yield (APY) is described in the chart below:
Balance Tier Interest Rate Annual Percentage Yield (APY)
$0-$15,000 2.62% 2.65%
$15,000.01 and Above 0.10% 2.65%-0.43%
 
  • At our discretion, your interest rate and APY may change at any time.
  • For accounts without a Kasasa Saver attached, interest is compounded monthly.  Interest will be credited to your account on the last day of each statement cycle.  If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue no later than the business day we receive credit for the non-cash items (for example, checks).
  • For accounts with a Kasasa Saver attached, the interest is not compounded.  Interest will be automatically transferred to your Kasasa Saver account on next day following the day interest was credited to your Kasasa Cash account.
  • We use the daily balance method to calculate the interest in your account.  This method applies a daily periodic rate to the principal in the account each day.
  • You must deposit $50 to open this account.
  • You must receive e-statements to open this account
  • One account per Social Security Number
  • We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal.  A $25 fee will apply for any account that is closed within 6 months after opening.

Should you overdraw your account, we may assess an overdraft/Bounce fee.  Our current overdraft fee is $32.  We will also assess a $3 continuous overdraft fee.  A continuous overdraft fee is a daily fee for an outstanding overdraft status.  Typically, we will charge this continuous overdraft fee after the 2nd business day and for each business day that your account is overdrawn and continues to have a negative (overdraft) balance.  Fees for overdrawing your account may be imposed on each check, ATM transaction and one-time debit transaction (if customer has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.

Kasasa Cash® Back Truth-in-Savings Disclosure

Eligibility Requirements

 
To qualify for Kasasa Cash Back rewards, you must:
 
  • Have at least 10 debit card point-of-sale transactions per “monthly qualification cycle” post and settle
  • Be enrolled and receive your monthly statement electronically
  • Have at least one direct deposit or one auto debit monthly (transaction must be over $1.00) post and settle
  • Be enrolled and log in to your Online Banking at least once a month
  • You must deposit $50 to open this account.
  • One account per Social Security Number
  • For accounts with a Kasasa Cash Back Saver attached, the cash back rewards are automatically transferred to your Kasasa Cash Saver account on the next day following the day the rewards were credited to your Kasasa Cash Back account.
  • We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal.  A $25 fee will apply for any account that is closed within 6 months after opening.
Should you overdraw your account, we may asses an overdraft fee.  Our current overdraft fee is $32.  We will also assess a $3 continuous overdraft fee.  A continuous overdraft fee is a daily fee for an outstanding overdraft status.  Typically, we will charge this continuous overdraft fee after the 2nd business day and for each business day that your account is overdrawn and continues to have a negative (overdraft) balance. Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit transaction (if customer has consented to overdraft protection plan for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.
 

Kasasa Saver® Truth-in-Savings Disclosure

Eligibility Requirements


To qualify for Kasasa Saver rates, your Kasasa Cash Back account must meet the following qualifications during the monthly qualification cycle:
 
  • Have at least 10 debit card point-of-sale transactions per “monthly qualification cycle” post and settle
  • Have at least 1 direct deposit or auto debit monthly (transaction must be over $1.00) post and settle
To qualify for Kasasa Saver rates, your Kasasa Cash account must meet the following qualifications during the monthly qualification cycle:
 
  • Have at least 15 debit card point-of-sale transactions per “monthly qualification cycle” post and settle
  • Have at least two direct deposits or auto debits monthly (transaction must be over $1.00) post and settle
 
  • When the Kasasa Saver requirements are not met, the interest rate on your account and corresponding annual percentage yield (APY) is described in the chart below:
        Balance Tier       Interest Rate   Annual Percentage Yield (APY)
All Balances 0.01% 0.01%
 
  • When the Kasasa Saver requirements are met, the interest rate on your account and corresponding annual percentage yield (APY) is described in the chart below:
 
        Balance Tier       Interest Rate   Annual Percentage Yield (APY)
$0-$50,000 0.55% .55%
$50,000.01 and Above 0.10% 0.55%-0.16%
   
  • At our discretion, your interest rate and APY may change at any time.
  • Interest begins to accrue no later than the business day we receive credit for the non-cash items (for example, checks).
  • Interest is compounded monthly.  Interest will be credited to your account on the last day of each statement cycle.  If you close your account before interest is credited, you will not receive the accrued interest.
  • We use the daily balance method to calculate the interest in your account.  This method applies a daily periodic rate to the principal in the account each day.
  • The Kasasa Cash APY is based on compounding interest.  Please be aware that the interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound.  As a result, the actual interest amount paid for Kasasa Cash may be less than the APY disclosed for that account.  The Kasasa Saver APYs may be less than the Kasasa Cash APYs.
  • You must deposit $50 to open this account.
  • You must receive your monthly statement electronically to open this account.
  • One account per Social Security Number
  • We reserve the right to at any time require not less than 7 days notice in writing before any withdrawal.  A $25 fee will apply for any account that is closed within 6 months after opening.
  • Transactions in this account are limited to six per statement cycle.  Types of transactions include checks, debit card transactions, preauthorized transfers, automatic transfers, telephone or fax transactions, and internet banking transactions.
  • You must deposit $50 to open this account.
Should you overdraw your account, we may asses an overdraft fee.  Our current overdraft/Bounce fee is $32.  We will also assess a $3 continuous overdraft fee.  A continuous overdraft fee is a daily fee for an outstanding overdraft status.  Typically, we will charge this continuous overdraft fee after the 2nd business day and for each business day that your account is overdrawn and continues to have a negative (overdraft) balance.  Fees for overdrawing your account may be imposed on each check, draft, item, ATM transaction and one-time debit transaction (if customer has opted in to be charged for ATM and one-time debit card transactions), preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.

Kasasa Tunes Truth-in-Savings Disclosure

Eligibility Requirements

To qualify for Kasasa Tunes rewards, you must:
 
  • Have at least 10 debit card point-of-sale transactions per “monthly qualification cycle” post and settle
  • Be enrolled and receive your monthly statement electronically
  • Be enrolled and log in to your Online Banking at least once a month
 
For Kasasa Tunes a “monthly qualification cycle” starts on the last business day of a month and ends on the second to last business day of the next month.  All requirements must post and settle your account during the monthly qualification cycle to be considered a qualifying account and receive the refund for that month.  They may not be in a pending state to qualify as one of the transactions.  Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made.  Intra-bank transfers do not account as qualifying ACH transactions.     
 
You will be refunded up to $20.00 for iTunes® and/or Amazon.com® purchases that post to and settle your account during the first 30 days after you open the account.  Refunds will be credited to the account on the last day of the statement cycle in which refundable purchases were made.  In addition, each qualification cycle, earn up to $5.00 in refunds of iTunes® and Amazon.com® purchases if qualifications are met during the previous monthly qualification cycle.  Purchases must be made with the debit card associated with your Kasasa Tunes account.  We will also reimburse you for domestic ATM fees up to $20 per qualification cycle.  ATM fee reimbursements will be credited to your account on the last day of your statement cycle.  ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction.  ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches.  If you believe that you have not been reimbursed the correct amount, please contact us.  We must hear from you no later than 30 days after the statement cycle when the reimbursement was applicable.  ATM processed transactions do not count as qualifying debit card transactions for purposes of earning rewards within this account.  iTunes® is a registered trademark of Apple, Inc. and Amazon.com® is a registered trademark of Amazon, Inc.  Apple, Inc. and Amazon, Inc. are not participants in or sponsors of this program.