Our Reward Saver+ Savings is a free savings account that pays 3.00% APY.*
Build your savings with less work. Calculate your earning potential with our calculator tool.
REWARD YOURSELF with KASASA® SAVER SAVINGS ACCOUNT
Daily balances over $250,000 earn an interest rate of 0.50% on the portion of the daily balance over $250,000, resulting in a range from 3.00% to 2.29% APY* depending on the account's daily balance. 
- Links to free Kasasa Cash® or Kasasa Cash Back® checking
- Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
- 0.05% APY* on all balances if qualifications are not met in Kasasa Cash or Kasasa Cash Back
- No monthly maintenance fee
- No minimum balance to earn rewards
- $50 minimum deposit to open
Qualifications to Earn the Higher Rate with a Kasasa Saver Account:
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 15 debit card purchases
- At least 1 direct deposit or ACH credit transaction
- 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.
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Kasasa Saver FAQs
What is the Kasasa Saver Savings Account?
The Kasasa Saver Savings Account is a savings account designed to complement the Kasasa Cash Checking or Kasasa Cash Back Checking Account. It allows you to earn higher interest rates on your savings by meeting certain requirements.
Do I need to have a Kasasa Cash or Kasasa Cash Back checking account to open a Kasasa Saver account?
The rewards you earn from the Kasasa Cash or Kasasa Cash Back account will be credited to the Kasasa Saver account on the last day of the statement cycle.
Is there a fee for the Kasasa Saver account?
The Kasasa Saver is a rewards savings account that has no fees for a monthly service charge and no minimum balance fees.
What if I don't hit all the requirements for Kasasa Cash Back or Kasasa Cash Checking?
If you don't meet the monthly qualifications on your Kasasa Cash or Kasasa Cash Back account, your Kasasa Saver account will still earn 0.05% APY and remain a free account. You can resume earning the higher interest rate if you meet the requirements during the next Monthly Qualification Cycle.
Is the interest earned in the Kasasa Saver account taxable?
Yes, the interest you earn with a Kasasa Saver Savings Account is generally considered taxable income, so you may need to report it on your tax return.
Learn about some other great Kasasa account options:
Kasasa Cash Checking
A free checking account that pay high interest --
plus refunds on ATM withdrawal fees.
Kasasa Cash Back Checking
A free checking account that pays cash back on debit card purchases -- plus refunds on ATM withdrawal fees.
*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.
*APY = Annual Percentage Yield. APYs accurate as of 02/20/2025. When qualifications are met, nationwide ATM fees are reimbursed up to $25.00 and daily balances up to and including $25,000.00 in your Kasasa Cash account earn a non-compounding APY of 5.00%; and daily balances over $25,000.00 earn an interest rate of 0.499% on the portion of the daily balance over $25,000.00, resulting in a non-compounding range from 5.00% to 1.40% APY depending on the account’s daily balance. In addition, daily balances up to and including $250,000.00 in your Kasasa Saver account earn an APY of 3.00%; and daily balances over $250,000.00 earn an interest rate of 0.499% on the portion of the daily balance over $250,000.00, resulting in a range from 3.00% to 2.29% APY depending on the Kasasa Saver account’s daily balance. When your Kasasa Cash qualifications are not met, the non-compounding APY is 0.05% and ATM withdrawal fees are not refunded. In addition, the entire daily balance in the Kasasa Saver account earns an APY of 0.05%. 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. Fees may reduce earnings. A Kasasa Cash account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. $50.00 minimum deposit is required to open both the Kasasa Cash and Kasasa Saver accounts. These accounts are not to be used for commercial purposes. Contact Falcon National Bank for additional information and details. Member FDIC. Kasasa, Kasasa Cash and Kasasa Saver are trademarks of Kasasa, Ltd. registered in the U.S.A.
*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. "Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first banking day of the current statement cycle through one (1) banking 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.
Reward Information: Depending on what Kasasa account you have, you will receive the following rewards when you meet your linked Kasasa Cash or Kasasa Cash Back account's qualifications during a Monthly Qualification Cycle: daily balances up to and including $250,000.00 in your Kasasa Saver account earn an APY of 3.00% and daily balances over $250,000.00 earn an interest rate of 0.499% on the portion of the daily balance over $250,000.00, resulting in a range from 3.00% to 2.29% APY depending on the account's daily balance. You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash or Kasasa Cash Back account during that Monthly Qualification Cycle. NOTE: ATM fee reimbursements only apply to Kasasa Cash or Kasasa Cash Back transactions via ATM; Kasasa Saver ATM transaction fees are not reimbursed nor refunded. Depending on your Kasasa account, when your qualifications are not met, cash back payments are not made, nationwide ATM withdrawal fees are not reimbursed and the entire daily balance in the Kasasa Saver and Kasasa Cash accounts earn 0.05% APY. Interest will be credited to your Kasasa Saver and Kasasa Cash accounts on the last day of the current statement cycle. The cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back 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 02/20/2025. 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: Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. $50.00 minimum deposit is required to open each of the Kasasa Saver, Kasasa Cash, and Kasasa Cash Back accounts. There are no recurring monthly maintenance charges or fees to open or close this account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact a bank representative for additional information and details.