Kasasa Saver

Link to your Kasasa® checking and start racking up the savings!

This free, high-yield savings account is a game changer. It not only earns an impressive interest rate, but it comes with a built-in savings tool. So your nest egg grows even if you don't make a single deposit.

Here's how: Kasasa Saver® is linked to your Kasasa Cash® or Kasasa Cash Back® checking account so your rewards are automatically transferred over every month you qualify. You’ll be raking in the interest just for doing banking basics like signing up for e-Statements!

Summary
  • Links to free Kasasa Cash or Kasasa Cash Back checking
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
  • 1.01% APY* on balances up to $25,000
  • 1.01% to 0.52% APY on balances over $25,000 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 deposit
  • Free telephone banking
  • No minimum deposit to open 

Earning Your Rewards is a Breeze!

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 one direct deposit or ACH payment transaction post and settle
  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive e-Statements

That’s all! Even if you don’t meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you’ll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!

Qualification Dates

Qualification Cycle Dates for 2016 

January 2016: 12/31/2015 through 1/30/2016

February 2016: 1/31/2016 through 2/28/2016

March 2016: 2/29/2016 through 3/30/2016

April 2016: 3/31/2016 through 4/29/2016

May 2016: 4/30/2016 through 5/30/2016

June 2016: 5/31/2016 through 6/29/2016

July 2016: 6/30/2016 through 7/30/2016

August 2016: 7/31/2016 through 8/30/2016

September 2016: 8/31/2016 through 9/29/2016

October 2016: 9/30/2016 through 10/30/2016 

November 2016: 10/31/2016 through 11/29/2016

December 2016: 11/30/2016 through 12/30/2016

Kasasa Saver

It just takes a few quick clicks to start!

*Qualifications Information: Account transactions and activities may take one or more banking 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 and purchases made with non-Ocean Communities issued debit cards. "Monthly Qualification Cycle" means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. 

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 $25,000 receive APY of 1.01%; and balances over $25,000 earn 0.40% interest rate on the portion of balance over $25,000, resulting in a range from 0.52% to 1.01% APY depending on the account's balance.
  • Kasasa Cash: Balances up to $10,000 receive APY* of 2.51%; and balances over $10,000 earn 0.40% interest rate on the portion of balance over $10,000, resulting in a range from 0.59% to 2.51% APY depending on the account's balance.
  • Kasasa Cash Back: 1.00% cash back on debit card purchases that post and settle to the account during that cycle period up to a $900 spend. A maximum of $9.00 cash back may be earned per Monthly Qualification Cycle.

When Kasasa Cash or Kasasa Cash Back qualifications are not met, 

  • Kasasa Saver: All balances earn 0.05% APY.
  • Kasasa Cash: All balances earn 0.05% APY*.
  • Kasasa Cash Back: No cash back payments are made.

When 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 the day after being credited to your Kasasa Cash account. Consequently, when linked to Kasasa Saver, and your Kasasa Cash qualifications are met, balances up to $10,000 in your Kasasa Cash account receive a non-compounding APY of 2.51%; and balances over $10,000 earn 0.40% interest rate on the portion of the balance over $10,000, resulting in a non-compounding range from 0.59% to 2.51% APY depending on the account's balance. The Kasasa Saver APYs may be less than the Kasasa Cash APYs. APY = Annual Percentage Yield. APYs accurate as of 07/01/2016. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. You must first fund a Share account with Ocean Communities FCU ($25) to open any free Kasasa account. Monthly Direct Deposit/ACH credit, enrollment in online banking, receipt of electronic statements are conditions of these accounts. Enrollment in electronic services (e.g. online banking, electronic statements) and log-ons may be required to meet some of the account's qualifications. Limit 1 account per social security 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. Contact an Ocean Communities service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.

Overdraft Protection: Ocean Communities offers optional overdraft protection plans to protect you from overdrafts and declined transactions. The following fees are applicable: Overdraft Fee ($30) for each item we pay; Nonsufficient Funds Fee ($30) for each item we do not pay; Account Overdrawn Fee ($5/day) is charged commencing on the second day an account is overdrawn; and Overdraft Transfer Fee ($5), if you are enrolled, for each item we pay through the transfer of available funds. The fee may be imposed for covering overdrafts created by check, in-person withdrawal, ATM withdrawal, or by other electronic means. Ocean Communities reserves the right to require the account holder to pay an overdraft immediately or on demand. We typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or if you have too many overdrafts.