Kasasa Saver

^‡APY = Annual Percentage Yield. APYs accurate as of March 1, 2024. Daily balances up to and including $50,000.00 in your Kasasa Saver account earn an APY of 4.50% with a dividend rate of 4.41% and daily balances over $50,000.00 earn 0.25% APY a dividend rate of 0.25% on the portion of the daily balance over $50,000.00, resulting in a range from 4.50% to 1.67% APY depending on the account's daily balance.

Qualification Information:

Qualifying transactions and activities must post and settle to the account during each Monthly Qualification Cycle and may take one (1) or more business days from the date of the transaction or activity to post and settle to the account. The following do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, credit card purchases, debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. 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.

"Business Day" means Monday through Friday and excludes Saturday, Sunday, and federal holidays.

"Statement Cycle" is a summary of financial activities that begins one (1) day after the last business day of the previous month and ends on the last business day of the month.

Contact our Member Solutions Center at 1-866-585-7628 for specific Monthly Qualification Cycle or Statement Cycle dates, account details, restrictions, reward calculations, processing limitations and enrollment instructions.

Qualification:

For Kasasa Cash, Kasasa Cash Back or Kasasa Saver accounts you will need monthly: One (1) Direct Deposit/ACH Debit/ACH credit, Twelve (12) St. Mary’s CU debit card purchases, and eStatement enrollment.

If the account qualifications are not met, cash back payments will not be made, nationwide ATM withdrawal fees will not be reimbursed and the entire daily balance in the Kasasa Cash or Kasasa Saver account(s) will earn 0.05% APY.

Reward Information:

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 Saver: Daily balances up to and including $50,000.00 in your Kasasa Saver account earn an APY of 4.50% with a dividend rate of 4.41% and daily balances over $50,000.00 earn 0.25% APY a dividend rate of 0.25% on the portion of the daily balance over $50,000.00, resulting in a range from 4.50% to 1.67% APY depending on the account's daily balance.

Dividends 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 either your Kasasa Cash or Kasasa Cash Back account, if you do not have a Kasasa Saver account, or to your Kasasa Saver account on the last day of the current statement cycle. If the account is closed, you will forfeit any interest/dividends and any rewards that have not been credited to your account. 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 dividends earned within the Kasasa Cash account do not compound since it is 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 earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last day of the current statement cycle.

To have a Kasasa Saver account you must have either a Kasasa Cash or Kasasa Cash Back account. A combined statement is required if you have either a Kasasa Cash or Kasasa Cash Back account and a Kasasa Saver account. ATM fee reimbursements only apply to Kasasa Cash transactions via ATM; any Kasasa Saver product ATM transaction fees are not reimbursed nor refunded.

APY calculations are based on an assumed balance of $50,000.00 + $100,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.

Advertised information, rates, rewards, bonuses, if any, are based on all account qualifications being met during each Monthly Qualification Cycle, are variable and may change after account is opened; rates may change 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.

Additional Information:

A $10.00 minimum deposit is required to open the account. Limit of one account per Social Security/ITIN. There are no recurring monthly maintenance charges or fees to open or close this account. Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. For Consumers Only. Kasasa accounts not to be used for commercial purposes.

Trademarks:

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.