Kasasa Saver
Put your savings to work earning 1.76% APY* each monthly qualification cycle with no monthly fees—ever!
For over 100 years, Farmers Citizen has worked to improve the quality of life here in Ohio. Now we've got a new way—improve your life, starting with your savings account. We don't see why your money should go to anyone but you. Kasasa Saver turns your savings into a moneymaking machine.
This high interest savings account is unlike anything you've ever seen before. It works in conjunction with your Kasasa Cash Account to earn a monster interest rate. Each monthly qualification cycle you qualify, your Kasasa Cash rewards (interest earned and ATM fee refunds) are automatically transferred to your Saver account where they can earn ANOTHER massive rate!
- Summary
- 1.76% APY* on your balance up to $100,000 when qualifications are met
- 1.16% APY* on your balance over $100,000 when qualifications are met
- 0.10% APY* if qualifications aren't met
- ATM fee refunds nationwide**
- Pair with a Kasasa Cash account
- No minimum balance to earn rewards
- No monthly fee
- Free ATM Card
- Free Online Banking
- Free eStatements
- Phone Access Banking
- Direct deposit available
- $50 deposit to open
- FDIC insured up to $250,000
Qualifications:
The qualifications are exactly the same as Kasasa Cash. In order to qualify for the Saver rate and ATM fee refunds, simply do the following each monthly qualification cycle:
- Have at least 12 signature-based debit card purchases post and clear
- Have 1 Automatic Payment or Direct Deposit post and clear
- Receive your account statement electronically
It couldn't be easier! Chances are you're doing these already.
Kasasa Cash and Kasasa Saver are relationship accounts, and are therefore intended to be your primary checking and savings accounts, with debit card transactions for everyday expenses.
And remember, if you don't qualify one month, you still receive the base rate of interest, and can get the rewards back the following monthly qualification cycle.
Disclaimer:
*Annual Percentage Yield (APY) accurate as of 11/29/11. Minimum to open account is $50. Kasasa Cash Rate tiers are as follows: If your daily balance is $25,000 or less, the interest rate paid on the entire balance will be 2.20% with an annual percentage yield of 2.22%. An interest rate of 0.75% will be paid only for that portion of your daily balance that is greater than $25,000. The annual percentage yield for this tier will range from 2.22% to 1.12% depending on the balance in the account. These rates apply where qualifications are met within the qualification cycle. If qualifications are not met, 0.15% APY will be earned on all balances. The advertised Kasasa Cash APY is based on compounding interest. The interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. The actual interest paid may be less than the advertised APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs. Kasasa Saver Rate tiers are as follows: For balances up to $100,000, the interest rate paid on the entire balance will be 1.75% with an annual percentage yield of 1.76% when you qualify. An interest rate of 1.15% with a 1.16% APY will be paid for that portion of your daily balance that is greater than $100,000 when you qualify. The annual percentage yield for all Kasasa Saver account balances will range from 1.76% to 1.46% when qualifications are met within the qualification cycle on the Kasasa Cash Account. If qualifications are not met, 0.10% APY will be earned on all balances. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the Kasasa Cash Account during the qualification cycle. ATM transactions do not qualify. A direct deposit or electronic payment must be recurring, third-party initiated, and post and clear the Kasasa Cash Account within the monthly qualification cycle to qualify. Transactions may take one or more business days to post from the transaction date. Intrabank transfers do not count as qualifying ACH transaction. Other bank ATM fees will be calculated to the best of the bank's knowledge based on the incoming data received from the bank's EFT processor for fee refunds. ATM fee refunds up to $25 with a maximum of 5 ATM transactions per statement cycle provided only if qualifications are met within the qualification cycle. Rates may change after the account is opened. Fees may reduce earnings. Available to personal accounts only.
If you are a current Farmers Citizens Bank customer wishing to switch your current account to a Kasasa account, please email: customerservice@farmerscitizensbank.com or speak with a Personal Banker at your nearest FCB location.
