Save the easy way. Every month, your Kasasa® checking rewards are automatically transferred into Kasasa Saver®.

Key Features

  • Automatic Savings
  • Cash Rewards
  • Online Banking
  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash®  and Kasasa Cash Back®checking
  • Automatic transfers of Kasasa Cash earnings
  • 0.35% APY* on balances up to $50,000
  • 0.35% to 0.25% APY on balances over $50,000 depending on balance in account*
  • 0.01% APY* if qualifications are not met in Kasasa Cash® or Kasasa Cash Back®
  • No minimum balance to earn rewards
  • No monthly maintenance fees
  • Includes a wide range of digital banking services:
    • Free mobile banking
    • Free online banking
    • Free eStatements
  • $25 minimum deposit to open

It’s Easy to Qualify

Qualifying for your Kasasa Cash and 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 account during each Monthly Qualification Cycle: 

  • At least 1 direct deposit, ACH credit, or ACH payment transaction(s)
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive e-Statements

That's it. 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 Information: Account transactions and activities may take one (1) or more Business Days from the date of the transaction or activity occurred 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 cards not issued by our Bank. 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) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. "Banking Day" means any business day on which an office of the Bank is open to the public for the purpose of carrying out substantially all of its banking functions. "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 Bank provides a summary of the financial activities and transactions that post and settle to the Kasasa Saver account. Reward Information: When your linked Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000 in your Kasasa Saver account earn an APY of 0.35% and daily balances over $50,000 earn an interest rate of 0.20 % on the portion of the daily balance over $50,000, resulting in a range from 0.35% to 0.25% APY depending on the account's daily balance. When your linked Kasasa Cash or Kasasa Cash Back account qualifications are not met, the entire daily balance in the Kasasa Saver account earns an interest rate of 0.01% resulting in an annual percentage yield of 0.01% APY. Interest will be credited to your Kasasa Saver account on the last day of the current Statement Cycle. APY = Annual Percentage Yield. APYs accurate as of 01/13/2021. APY calculations are based on an assumed balance of $50,000 + $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 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. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $25.00 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit or debit, 12 debit card purchases, and receipt of electronic statements are qualifications of this account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications. Limit of one (1) account per social security number/individual taxpayer identification number. There are no recurring monthly maintenance charges or fees to open or close this account, unless the account is closed within sixty (60) days of opening. 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. Contact a PennCrest BANK® customer service representative for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC.