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Kasasa Saver

Free Kasasa Saver®

 

Make saving simple — just add a free Kasasa Saver® account to your free Kasasa Cash® or Kasasa Cash Back® checking.

 

When you earn cash rewards in your Kasasa® checking, those earnings transfer into your Kasasa Saver. Plus, Kasasa Saver pays up to 0.75% APY* on your balance up to $10,000 when you qualify! That’s Kasasa at Security Federal Bank — free accounts with rewards that matter. 

 

Visit any of our convenient locations today to open your account.

 

Need More Info?

 

Benefits

  • 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
  • 0.75% APY* on balances up to $10,000
  • 0.25% to 0.41% on balances over $10,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free e-statements
  • Free mobile banking
  • $100 minimum deposit to open

 

Here’s how easy it is to earn a higher rate:

 

Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

 

  • Have at least 1 ACH credit or ACH payment transaction post and settle;
  • Have at least 12 check card purchases post and settle; and
  • Be enrolled in and agree to receive e-statements.


And if you don’t meet these qualifications, don’t worry — your accounts are still free.

You’ll still earn our base rate on Kasasa Saver and you can get right back to earning your full rewards the very next cycle that you qualify.

 

 

Kasasa Cash Back w/ Saver

 

*Qualification Information: 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, purchases made with debit cards not issued by our bank, and bill payments made through Security Federal Bank’s online banking. 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) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. 

 

Reward Information: When your 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 current statement cycle: Kasasa Saver: Balances up to $10,000 receive APY of 0.75%; and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.25% to 0.30% APY depending on the account’s balance. Kasasa Cash Back: 2.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash Back qualifications are not met all balances in Kasasa Saver will earn 0.02% APY. Kasasa Cash Back: No cash back payments are made if qualifications are not met.

 

APY = Annual Percentage Yield. APYs accurate as of 03/01/2017. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, and other requirements apply. A $50.00 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements) may be required to meet some of the account’s qualifications. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.

 

Kasasa Cash w/ Saver

 

*Qualification Information: 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, purchases made with debit cards not issued by our bank, and bill payments made through Security Federal Bank’s online banking. 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) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. 

 

Reward Information: When your Kasasa Cash 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 current statement cycle: Kasasa Saver: Balances less than $10,000 receive an APY of 0.75%; and balances greater than or equal to $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a range from 0.25% to 0.30% APY depending on the account’s balance. Kasasa Cash: Balances up to $10,000 receive a non-compounding APY1 of 2.00%; and balances over $10,000 earn 0.25% interest rate on the portion of balance over $10,000, resulting in a non-compounding range from 0.25% to 0.41% APY1.

 

1Depending on the account’s balance. When Kasasa Cash qualifications are not met, Kasasa Saver: All balances earn 0.02% APY. Kasasa Cash: All balances earn a non-compounding APY2 of 0.02%.

 

2When linked to the Kasasa Saver account, the interest earned within the Kasasa Cash account does 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’s balance is less than the transferred amount when transfer occurs.

 

APY = Annual Percentage Yield. APYs accurate as of 03/01/2017. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: Account approval, conditions, qualifications, limits, timeframes, and other requirements apply. A $50 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements) may be required to meet some of the account’s qualifications. Limit 1 account per social security number. A Kasasa Cash 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. Contact one of our bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

Kasasa ® Free Checking

I have questions or would like more information about opening a Kasasa Checking Account.

Insurance, Investment and Trust Products are: Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not Insured by any Government Agency, Not a Bank Deposit