Kasasa Saver

Save more of everything — money, time, and energy — automatically. Innovative, free Kasasa Saver® works with your equally free Kasasa Cash® or Kasasa Cash Back® checking account. Every month, the rewards earned in Cash or Cash Back are automatically transferred to Saver— where they receive big-time returns! Saving is easy — that is, when you have an account that does the heavy lifting for you. Do you Kasasa?®

How Does Kasasa saver Work?

Simple things like using your debit card and receiving eStatements save you time and make life easier. Those small changes also help save us some money. We can then pump that money back into the community — and to pay you rewards!

  • Linked to free Kasasa Cash® or Kasasa Cash Back checking account
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back rewards
  • 3.00% APY* on balances up to $50,000
  • 3.00% to 1.09% APY* on balances over $50,000 depending on balance in account*
  • 0.01% 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 eStatements
  • No minimum deposit to open

Rewards will be deposited into your account on the first of every month. If you do not qualify this month, it's ok. Just try again next month, there is no penalty

Kasasa

Q: What does the word “Kasasa” mean? A: Kasasa is a nationwide reward checking product that is offered by many credit union’s and community banks across the county.

Q: Can I have a Kasasa Saver but not have a Kasasa checking? A: No, you must have a Kasasa Cash, Kasasa Cash Back, Kasasa Eats or Kasasa Play checking to take advantage of a Kasasa Saver account.

Q: What is the Qualification Cycle for Kasasa each month? A: It is the last day of the prior month through the second to the last day of the current month. So for example: the qualification cycle for April runs from March 31 – April 29. Rewards will be deposited into your account on the first of every month. If you do not qualify this month, it’s ok. Just try again next month, there is no penalty

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 to qualify for the account’s rewards. To earn your account’s rewards, the following enrollments must be in place and all transactions and activities must post and settle to your selected Kasasa Checking account during each Monthly Qualification Cycle:

Qualifications
• At least one [1] ACH payment transaction*
• At least fifteen [15] debit card purchases, each of $5.00 or more
• Be enrolled and receive e-statements
*ACH Transaction not required for Kasasa Eats or Kasasa Play

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 Frankenmuth 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. The “Statement Cycle” is the first day of the month to the last day of the month. Contact one of our service representatives for specific Monthly Qualification Cycle dates.

Reward Information:

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.

Cash Back & Refund Reward Accounts: The following accounts are free, variable reward checking account with no minimum balance that reward accountholders with nationwide ATM withdrawal fee refunds and provide “cash back” or “refund” rewards if Monthly Qualifications are met during Monthly Qualification Cycle:
Kasasa Cash Back: you will receive 5.00% cash back on up to a total of $200 debit card purchases that post and settle to the account during that cycle period. A maximum of $10.00 cash back payments may be earned per Monthly Qualification Cycle.
Kasasa Eats: earns cash back of 5.00% monthly on the first $200 in select grocery and food delivery debit cards purchases that post and settle to the account during that cycle person. A maximum of $10 a month earned per Monthly Qualification Cycle.
Kasasa Play: earns a refund of up to $10 a month on music, video, gaming, and other select monthly services each month members qualify. A maximum of $10 a month earned per Monthly Qualification Cycle. The cash back or reward payments will be credited to your Kasasa check

Dividend Reward Accounts: The following accounts are free, variable reward checking account with no minimum balance that rewards accountholders with nationwide ATM withdrawal fee refunds and provide “dividend” rewards if Monthly Qualifications are met during Monthly Qualification Cycle:
Kasasa Cash: daily balances up to and including $15,000 earn a dividend rate of 4.95% resulting in an APY of 5.05% and daily balances over $15,000 earn a dividend rate of .13991% on the portion of the daily balance over $15,000 resulting in a range from 5.05% to .78% APY depending on the account’s daily balance.
Kasasa Saver: daily balances up to and including $50,000 in your Kasasa Saver account earn a dividend rate of 2.96% resulting in an APY of 3.00% and daily balances over $50,000 earn a dividend rate of .13991% on the portion of the daily balance over $50,000 resulting in a range from 3.00% to 1.09% APY depending on the account’s daily balance.
Dividends will be credited to your Kasasa Cash and Kasasa Saver accounts on the first processing/business day of the following statement cycle.

You will receive reimbursements up to $20.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play account during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented for reimbursements of individual ATM withdrawal fees of $5.00 or higher. FCU reimburses ATM withdrawal fees based on estimates when the withdrawal information FCU receives does not identify the ATM fee. NOTE: ATM fee reimbursements only apply to Kasasa Cash, Kasasa Cash Back, Kasasa Eats and Kasasa Play transactions via ATM; Kasasa Saver ATM transaction fees are not reimbursed nor refunded.

When Qualifications are Not Met in a Month: Depending on your Kasasa account, when your qualifications are not met, cash back and reward payments are not made. Music, video, gaming or other select service purchases are not reimbursed. Nationwide ATM withdrawal fees are not reimbursed. Kasasa Cash: the entire daily balance in the Kasasa Cash account earns .01% APY. Kasasa Saver: the entire daily balance in the Kasasa Saver account earns .01% APY.

If Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play 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, along with any nationwide ATM withdrawal fee reimbursements are, 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, Kasasa Eats, or Kasasa Play: When linked to a Kasasa Saver account, the cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back, Kasasa Eats, or Kasasa Play account 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 April 1, 2024. APY calculations are based on an assumed balance of $115,000 in your Kasasa Cash account and $150,000 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.

Additional Information:

Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $15.00 minimum deposit is required to open the Kasasa checking account. No minimum deposit is required to open the Kasasa Saver account. Limit of one (1) account(s) per Social Security Number. There are no recurring monthly maintenance charges or fees to open or close this account. A Kasasa Cash, Kasasa Cash Back, Kasasa Eats, or Kasasa Play account is required to have a Kasasa Saver account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Frankenmuth Credit Union reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over 120 days consecutive Statement Cycles. 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. Your Savings Insured To $250,000 Per Account, American Share Insurance.

Bonus Information:
$15.00 minimum deposit is required to open the account. Limit one account(s) per social security number. Annual Percentage Yield (APY) varies by account, account balance and if qualifications are met. See Reward Information Section below for account APY information.

Trademarks:
Kasasa, Kasasa Cash, Kasasa Cash Back, Kasasa Saver, Kasasa Eats, and Kasasa Play are trademarks of Kasasa, Ltd., registered in the U.S.A.

There are no extra qualifications to get the Kasasa Saver reward rate. If you qualify for Kasasa Cash®, Kasasa Cash Back checking rewards, Kasasa Eats or Kasasa Play you automatically get the Kasasa Saver rate too! Simply do the following during the monthly qualification cycle:

  • Have at least 15 debit card purchases of $5 or more post and settle
  • Have at least 1 ACH debit withdrawal post and settle
  • Be enrolled and receive eStatement notice

ACH debit is not required for Kasasa Eats or Kasasa Play. If you don’t meet the qualifications, don’t worry. There’s no penalty and both accounts are still free and earn our base interest rate. Plus, you can get back to earning the full rewards the very next month.

Kasasa Saver

APY**Div RateMax.Details
Dollar AmountDescription
3.00%2.96%$50,000Non-qualified accounts earn .01%APY
3.00% - 1.09%0.14%Balances over $50,000Non-qualifying accounts earn .01%APY
Qualifying accounts are accounts that receive e-statements, do a minimum of 15 debit card purchases and a minimum of one ACH debit/bill pay during the qualifying cycle. **APY=Annual Percentage Yield. Rates may change at any time. Contact us for more information. Only members with a Kasasa Cash or Kasasa Cash Back checking can also take advantage of a Kasasa Saver savings account. When you qualify each month with your Kasasa Cash and Kasasa Cash Back you automatically qualify with your Saver account too. Members will forfeit dividends if accounts closed before accrued dividends are posted. Federally insured by NCUA.

Effective Date: June 13, 2024
EARN
Earn out-of-this world benefits. 
Get
Get rewards every month for doing what you already do!
save
Save money, time and energy with Kasasa!