This free account builds your balance with dividends and links with Cash/Cash Back Rewards to auto-transfer rewards. It’s saving at its simplest.
- Automatic Savings
- High Dividends
- No Monthly Maintenance Fee
- No Minimum Balance Requrements
- Kasasa Saver Free account that builds your savings effortlessly
- Links to free Cash Rewards and Cash Back Rewards checking to auto-transfer rewards
- 3.000% APY‡ on balances up to $15,000
- 3.000% - 0.826% APY on balances over $15,000 depending on balance in account‡
- 0.01% APY‡ if qualifications are not met in Cash Rewards or Cash Back Rewards
- No monthly maintenance fee
- No minimum balance requirement to earn rewards
- Free digital solutions, including:
- Free online services & bill pay
- Free mobile services with mobile deposit
- Free eStatements
- Free MAFCU Visa® debit card
- Access to over 75,000 free ATMs nationwide via shared branching and surcharge-free ATMs
Earning Your Rewards is Simple
There are no extra qualifications to get the Cash/Cash Back Saver rate. Qualifying for your Cash Rewards or Cash Back Rewards automatically qualifies you for the highest Cash/Cash Back Saver rate too. To earn your rewards, simply complete the following transactions and activities in your Cash/Cash Back Rewards account each monthly qualification cycle:
- At least 12 debit card purchases
- At least one direct deposit or ACH credit transaction
- Be enrolled in and agree to receive eStatements
If you don't meet the qualifications, don't worry! There's no penalty and both accounts are still free and earn our base rate. Plus, you can get back to earning the full rewards the very next month.
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 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) day prior to the first banking day of the current statement cycle through one (1) day prior to the last banking day of the current statement cycle.
See our website or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.
"Banking Day" means any day on which an office of the credit union is open to the public for the purpose of carrying out substantially all of its banking functions or for processing.
"Business Day" means a calendar day other than a Saturday or a Sunday, January 1, the third Monday in January, the third Monday in February, the last Monday in May, July 4, the first Monday in September, the second Monday in October, November 11, the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
"Statement Cycle" means the period of time for which our credit union provides a summary of the financial activities and transactions that post and settle to the accountholder's account. See our website or contact one of our branch service representatives for specific Statement Cycle dates.
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 $15,000 in your Kasasa Saver account earn an APY of 3.000% and daily balances over $15,000 earn a dividend rate of 0.499% on the portion of the daily balance over $15,000, resulting in a range from 3.000% to 0.826% APY depending on the account's daily balance.
Depending on your Kasasa account, when your qualifications are not met, cash back payments are not made and:
Kasasa Saver: the entire daily balance in the Kasasa Saver account earns 0.01% APY.
Dividends will be credited to your Kasasa Cash and Kasasa Saver accounts on the first processing/business day of the following statement cycle.
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 first processing/business day of the following statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 09/15/2023.
APY calculations are based on an assumed balance of $15,000 + $100,000 in your Kasasa Saver account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, 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.
Membership restrictions may apply.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$25 minimum deposit is required to open the Kasasa Cash or Kasasa Cash Back account.
No minimum deposit is required to open the Kasasa Saver account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account's qualifications.
Limit of 1 account(s) per Social Security Number.
There are no recurring monthly maintenance charges or fees to open or close this account.
This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.
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.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Federally insured by NCUA
Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.