Kasasa Saver®

Do you currently have an account with Sunstate Bank?

Build savings automatically while earning a high rate of return.

Wouldn’t it be great if saving was easier? With free Kasasa Saver®, it is! This account links to your free Kasasa Cash® or Kasasa Cash Back® checking to help you save effortlessly. When you earn cash rewards in your Kasasa® checking, those earnings transfer into Kasasa Saver. Plus, Kasasa Saver pays up to 1.00% APY* on your daily collected balance!

Details

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
  • 1.00% APY* on daily collected balances up to $25,000
  • 1.00% to 0.20% 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 mobile banking with mobile check deposit
  • Free e-statements
  • $25 minimum deposit to open

Here’s how easy it is to earn your rewards:

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 1 direct deposit, ACH credit, or ACH debit transaction
  • At least 12 debit card purchases
  • 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.

Plus, 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.

Do you currently have an account with Sunstate Bank?

*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, non-retail payment transactions, and purchases made with debit or credit cards not issued by our bank. “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 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 current statement cycle: Kasasa Saver: Daily collected balances up to $25,000 receive APY of 1.00%; and daily collected balances greater than $25,000 will earn an interest rate of 0.1998%  on the portion of daily collected balance greater than  $25,000, resulting in a range from 1.00% to 0.20% APY depending on the account’s balance. Kasasa Cash: Daily collected balances up to $10,000 receive a non-compounding APY* of 2.00%; and daily collected balances greater than $10,000 earn an interest rate of 0.1998%  on the portion of daily collected balance over $10,000, resulting in a non-compounding range from 2.00% to 0.20% APY* depending on the account’s balance. Kasasa Cash Back: 2.00% cash back on up to a total of $300.00 for PIN-based/signature-based 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 linked to the Kasasa Saver account, the rewards are automatically transferred to your Kasasa Saver account the next processing day. The interest earned within the Kasasa Cash account does not compound since it is automatically transferred to the Kasasa Saver account within one day. The automatic transfer of rewards may cause an overdraft to your Kasasa Cash or Kasasa Cash Back account if the account’s balance is less than the transferred amount when transfer occurs. When account qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. Kasasa Cash Back: No cash back payments are made. APY = Annual Percentage Yield. APYs are accurate as of 07/10/2017.  Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $25 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit or ACH debit transaction and receipt of electronic statements is a condition of this account, 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 one (1) account per social security number. An account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of our bank customer service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.

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