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Rewards Savings

Free Rewards Savings

Link this free account to your High Yield or Cash Back Rewards checking — and build savings automatically while earning a high dividend rate.

  • Free account that builds your savings effortlessly
  • Links to free High Yield Rewards Checking or Cash Back Rewards Checking
  • Automatic transfers of High Yield Rewards or Cash Back Rewards earnings 
  • 4.500% APY* on balances up to $250,000 
  • 1.000% APR on balances over $250,000, resulting in an annual percentage yield of 4.500% to 1.092% depending on balance in account.
  • 0.05% APY* on all balances if qualifications are not met in High Yield Rewards or Cash Back Rewards
  • No monthly maintenance fee 
  • No minimum balance to earn rewards
  • Free online suite of services 
  • $25 minimum deposit to open 

Qualifications to Earn the Higher Rate

Qualifying for your High Yield Rewards Checking or Cash Back Rewards Checking automatically qualifies you for the highest Rewards Savings rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your High Yield Rewards or Cash Back Rewards account during each Monthly Qualification Cycle: 

  • At least 1 direct deposit, ACH payment, or bill pay transaction
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive e-statements

And if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate on Rewards Savings And you can get right back to earning your full rewards the very next cycle that you qualify.


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*Rewards Savings Disclaimer:

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, credit card purchases or transactions, debit card purchases processed by merchants and received by our credit union as ATM transactions, Person-to-Person (P2P) transactions processed by providers such as Venmo or CashApp, 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) 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.

Contact one of our branch service representatives for specific Monthly Qualification Cycle dates.

When your linked High Yield Rewards or Cash Back Rewards account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $250,000.00 in your Rewards Savings account earn an APY of 4.500% and average daily balances over $250,000.00 earn a dividend rate of 1.000% on the portion of the average daily balance over $250,000.00, resulting in a range from 4.500% to 1.092% APY depending on the account's average daily balance.

When your linked High Yield Rewards or Cash Back Rewards account qualifications are not met, the entire average daily balance in the Rewards Savings account earns a dividend rate of 0.050% resulting in an annual percentage yield of 0.050% APY.

Dividends will be credited to your Rewards Savings account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APY is accurate as of December1, 2023.

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. $5.00 minimum deposit is required to open the account. Monthly ACH credit or debit and enrollment in e-statements are conditions of these accounts. 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(s) per member. 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 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.

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


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