- Free checking that pays a really high rate
- 2.00% APY* on balances up to $10,000
- 2.00% to 0.32% APY on balances over $10,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- Link to free Kasasa Saver® to build savings automatically
- Both earned interest rewards and ATM refunds can be swept to a Kasasa Saver account
- No minimum balance requirements
- No monthly maintenance fee
- Free digital banking services including:
- Free ATM/Debit card
- $10 minimum deposit to open
QUALIFYING IS EASY
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 12 ATM/Debit card purchase transactions
- At least 1 payment or ACH credit transaction
- Be enrolled in and agree to receive eStatements
If for some reason you don’t meet these qualifications, don’t worry. Your account is still free, and you can still earn the base rate. Plus, you can get right back to earning your full rewards the very next cycle that you qualify.
For more information please call us at 978-283-0246 or toll free at 888-283-2272, and speak with one of our representatives today.
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, 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.
See our website at www.capeannsavings.bank or call 978-283-0246 to speak with one of our deposit operations representatives for specific Monthly Qualification Cycle dates.
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:
Kasasa Cash: daily balances up to and including $10,000.00 receive an APY of 2.00%; and daily balances over $10,000.00 earn an interest rate of 0.15% on the portion of the daily balance over $10,000.00, resulting in a range from 2.00% to 0.32% APY depending on the account's daily balance.
Kasasa Cash Back: you will receive 3% cash back on up to a total of $200.00 PIN-based/signature-based debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back payments may be earned per Monthly Qualification Cycle.
You will receive reimbursements up to $25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash Back or Kasasa Cash account during the Monthly Qualification Cycle in which you qualified.
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:
Kasasa Cash: the entire daily balance in the Kasasa Cash account earns 0.05% APY.
Interest will be credited to your Kasasa Cash and Kasasa Saver 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 cycleIf Kasasa Cash or Kasasa Cash Back are linked to Kasasa Saver, the following also apply:
Kasasa Cash: When linked to a Kasasa Saver account, the interest earned within the Kasasa Cash account does 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: When linked to a Kasasa Saver account, 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 08/15/2022
APY calculations are based on an assumed balance of $10,000.00 + $100,000 in your Kasasa Cash 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.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
Qualifications, rates, rewards, fees, account specifics and restrictions may vary by account.
$10.00 minimum deposit is required to open the account.
Monthly Direct Deposit/ACH credit, enrollment in online banking, may be a condition(s) of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account(s).
Enrollment in electronic services (e.g. online banking, e-statements) and maintaining an active email address with the bank may be required to meet some of Kasasa Saver's linked Kasasa Cash or Kasasa Cash Back account's qualifications.
Limit of one Kasasa Cash or Kasasa Cash Back account per Reporting Tax ID Number.
There are no recurring monthly maintenance charges or fees to open or close this account.
A Kasasa Cash Back or Kasasa Cash account is required to have a Kasasa Saver account.
A linked Kasasa Saver account is required for automatic savings.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our deposit operations representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
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Kasasa, Kasasa Cash Back, Kasasa Cash, Kasasa Saver and Kasasa Protect are trademarks of Kasasa, Ltd., registered in the U.S.A.