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Kasasa Cash®:

*Rate Information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

This is a tiered rate account that, based on the balance in the account, pays a high rate of interest, as well as a second tier rate of interest, if you meet the qualification criteria, and pays a lower rate of interest if you do not meet the qualification criteria. Please refer to our Deposit Account Rate Sheet for current rate information. The Annual Percentage Yield (APY) disclosed on the Kasasa Cash account assumes that the interest earned in Kasasa Cash compounds; however, by choosing to have Kasasa Saver link to Kasasa Cash, you understand that the interest earned in your Kasasa Cash account is automatically transferred into your Kasasa Saver account at the end of the statement cycle and therefore does not remain in your Kasasa Cash account and does not compound. Additionally, you understand that the interest amount earned in the Kasasa Saver account may be less than the interest amount earned in the Kasasa Cash account.

Qualifications - To qualify for the Kasasa Cash Preferred Rate and the ATM fees refund, you must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchases (excluding ATM transactions) must post and clear your account.
  • Electronic Statements: Receive your monthly account statement electronically.
  • Online Banking: Access Online Banking at least 1 time each month.

You will qualify automatically for the first qualification cycle.

Compounding and crediting frequency - Interest will compound every month and be credited to your account every month unless you also have Kasasa Saver. Then interest will not be compounded. Interest will be credited to your Kasasa Cash account every month and immediately transferred to your Kasasa Saver account.

Minimum balance to open the account - You must deposit $25.00 to open this account. Only one Kasasa Cash, Kasasa Cash Back, or Kasasa Tunes account per tax identification number/person may be opened.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits - Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.

ATM fees refund - If you have met your qualifications for the monthly qualification cycle, we will refund ATM fees imposed by our institution and other U.S. financial institutions, up to an aggregate amount of $25.00 per monthly qualification cycle and deposit them into your account on the last day of your statement cycle. However, if you have a Kasasa Saver account linked to your Kasasa Cash account, any fee refunds will be deposited into your Kasasa Cash account and immediately transferred to your Kasasa Saver account on the first day of the following statement cycle.

Effect of closing account - If the account is closed, you will forfeit any rewards that have not been credited.

Rate Information:

When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle:

  • Tier 1 - An interest rate of 1.9819% will be paid on the portion of your daily balance that is less than or equal to $10,000.00. The annual percentage yield for this tier is 2.00%
  • Tier 2 - An interest rate of 0.3993% will be paid on the portion of your daily balance that is greater than $10,000.00. The annual percentage yield for this tier will range from 2.00% to 0.55%, depending on the balance in the account.
  • When your Kasasa Cash account qualifications are not met, the interest rate paid on the entire balance will be 0.01% with an annual percentage yield of 0.01%.

Kasasa Cash Back®:

*Minimum balance to open the account - You must deposit $25.00 to open this account. Only one Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account per tax identification number/person may be opened.

Qualifications - To qualify for cash back on debit card purchases and the ATM fees refund, you must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchases (excluding ATM transactions) must post and clear your account.
  • Electronic Statements: Receive your monthly account statement electronically.
  • Online Banking: Access Online Banking at least 1 time each month.

You will qualify automatically for the first qualification cycle.

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.

Cash back rewards - If you have met your qualifications for the monthly qualification cycle, you will receive 2% cash back, up to an aggregate amount of $6.00 per monthly qualification cycle, on everyday debit card purchases of $300 or less that post and clear your account during the monthly qualification cycle. The cash back rewards will be credited to your account on the last day of your statement cycle.

ATM fees refund - If you have met your qualifications for the monthly qualification cycle, we will refund ATM fees imposed by our institution and other U.S. financial institutions, up to an aggregate amount of $25.00 per monthly qualification cycle and deposit them into your account on the last day of your statement cycle. However, if you have a Kasasa Saver account linked to your Kasasa Cash Back account, any fee refunds will be deposited into your Kasasa Saver account.

Effect of closing account - If the account is closed before the rewards are credited to it, you will forfeit the final cash back reward.

Kasasa Tunes®:

*Minimum balance to open the account - You must deposit $25.00 to open this account. Only one Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account per tax identification number/person may be opened.

Qualifications - To qualify for iTunes, Amazon.com or Google Play monthly refunds and the ATM fees refund, you must meet the following requirements per monthly qualification cycle:

  • Debit Cards: 12 debit card purchases (excluding ATM transactions) must post and clear your account.
  • Electronic Statements: Receive your monthly account statement electronically.
  • Online Banking: Access Online Banking at least 1 time each month.

You will qualify automatically for the first qualification cycle.

Monthly qualification cycle - Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.

Sign-up grant - Upon account opening, you will receive a $20.00 grant to use toward iTunes, Amazon.com or Google Play purchases. We will refund online purchases made at either the iTunes Store, Amazon.com or the Google Play store made during the first 60 days after you open the account, up to an aggregate amount of $20.00 (which includes any applicable sales tax). In order to be refunded, purchases must be made using the Claremont Savings Bank debit card(s) associated with the account and must post and clear the account within the 60 day period. The refund will be credited to your account on the last day of the statement cycle. Qualifying purchases that post and clear your account on the last day of your statement cycle will be refunded on the last day of the following statement cycle. Any portion of the sign-up grant that is not used within that time period will be forfeited. One sign-up grant per Kasasa Tunes account number.

Monthly refunds - Each month in which you meet the monthly qualifications, you will receive a $7.00 grant to use toward iTunes, Amazon.com or Google Play purchases. If you have met your qualifications for the monthly qualification cycle, we will refund purchases made at either the iTunes Store, Amazon.com or the Google Play store up to an aggregate amount of $7.00 (which includes any applicable sales tax), that are made during the cycle following the monthly qualification cycle in which you met the qualification requirements. In order to be refunded, purchases must be made using the Claremont Savings Bank debit card(s) associated with the account and must post and clear the account during the monthly qualification cycle.

You will have 30 days from the beginning of the statement cycle to use the grant amount from the previous qualification cycle. The refund will be credited on the banking day after the end of the cycle in which the purchases posted to and cleared your account. Qualifying purchases that post and clear your account on the last day of your statement cycle, if within 30 days of the grant, will be refunded on the last day of the following statement cycle. Any portion of the grant amount that is not used within that time period will be forfeited.

ATM fees refund - If you have met your qualifications for the monthly qualification cycle, we will refund ATM fees imposed by our institution and other U.S. financial institutions, up to an aggregate amount of $25.00 per monthly qualification cycle and deposit them into your account on the last day of your statement cycle.

Effect of closing account - If the account is closed, you will forfeit any refunds that have not been credited.