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This innovative, free account works side-by-side with your Kasasa Cash® to put your savings on autopilot.

Key Features

  • Automatic Savings
  • High Interest
  • No Monthly Maintenance Fees
  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash® checking
  • Automatic transfers of Kasasa Cash earnings
    • 0.35% APY* on balances up to $15,000
    • 0.35% to 0.15% APY on balances over $15,000 depending on balance in account*
    • 0.05% APY* if qualifications are not met in Kasasa Cash
  • No minimum balance to earn rewards
  • No monthly maintenance fees
  • Includes digital banking services:
    • Free online banking
    • Free mobile banking
    • Free eStatements
  • $25 minimum deposit to open

It's Easy to Earn Your Rewards!

Qualifying for your Kasasa Cash 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 account during each Monthly Qualification Cycle:

  • At least 1 direct deposit, ACH credit, or ACH payment transaction
  • At least 10 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month!

Kasasa Saver for Cash:

Cash® with Kasasa Saver® This disclosure contains the rules that govern your deposit account as of March 19, 2020. Account Overview • Kasasa Cash® is a free variable rate checking account with no minimum balance that rewards accountholders with interest and nationwide ATM fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycle. • Kasasa Saver® is a free variable rate deposit account with no minimum balance that rewards accountholders with interest when they meet the minimum qualifications associated with their linked Kasasa Cash checking account during each Monthly Qualification Cycle. Purpose & Use Expectations The Kasasa Cash account that is linked to Kasasa Saver account is intended to be the accountholder’s primary checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-today spending behavior. These types of transactions appear to be conducted with the sole purpose of qualifying for the account’s rewards and thus will be deemed inappropriate transactions and will not count toward earning the account’s rewards. MCS Bank reserves the right to determine if the Kasasa Cash account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card and 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. The Kasasa Saver account will also be closed if the Kasasa Cash account is converted or closed. We have the right to close this account at any time, with proper notice. Our decision to close the account will not affect your existing obligations to us including any obligation to pay fees or charges incurred prior to termination. No deposits will be accepted and no checks will be paid after the account is closed. If the account is closed, you will forfeit any rewards that have not been credited to your account. A MCS Bank check for the remaining balance, if applicable, will be mailed to accountholder at the address indicated on our current records. Upon termination of your Kasasa Cash, your Kasasa Saver account and any optional add-on products / services associated with this account will also be terminated at the same time. Interest Rate and Annual Percentage Yield (APY*) Kasasa Cash Compounding & Crediting: Interest is not compounded on a monthly basis. If you close your account before the interest is credited, you will not receive the accrued interest. Interest begins to accrue on the Business Day you deposit noncash items (for example, checks). Balance Computation Method We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Kasasa Saver Compounding & Crediting: Interest will be compounded on a monthly basis. Interest will be credited to your account on the last day of the current Statement Cycle. Interest begins to accrue on the Business Day you deposit noncash items (for example, checks). Member FDIC. Kasasa Cash and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A. Balance Computation Method We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day. Qualifications To earn your rewards all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle: • At least one (1) direct deposit / ACH credit transactions • At least ten (10) debit card purchases • Be enrolled in and agree to receive e-Statement notiications Transactions and activities may take one (1) or more business days from the date of the transaction or activity occurred to post and settle the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit-card transactions processed by merchants and received by MCS Bank as ATM transactions. "Monthly Qualification Cycle" means a period beginning one (1) day prior to the first day of the current Statement Cycle through one (1) day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which MCS Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account. Rewards When Kasasa Cash qualifications are met during a Monthly Qualification Cycle: Kasasa Cash - (1) daily balances up to $15,000 will receive APY* of 1.75%; and balances over $15,000.00 earn 0.35% on the portion of the balance over $15,000.00, resulting in range from 1.75% to 0.53% APY depending on the balance. (2) You will receive reimbursements for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. If you believe you have not been reimbursed the correct amount of ATM fees you must contact us within thirty (30) calendar days after the Statement Cycle where the reimbursement was applicable in order to receive a refund. Kasasa Saver - daily balances up to $15,000 will receive APY* of 0.85%; and balances over $15,000.00 earn 0.35% on the portion of the balance over $15,000.00, resulting in range from 0.85% to 0.42% APY depending on the balance. When Kasasa Cash qualifications are not met, all balances in your Kasasa Cash and Kasasa Saver earn 0.05% APY and ATM fees are not refunded. Rates and rewards may change at any time after account is opened. Fees may reduce earnings. Rewards Distribution and Crediting Kasasa Cash – Interest and ATM fee reimbursements will be credited to your Kasasa Cash account on the last day of the current statement cycle. Interest and ATM fee reimbursements from your Kasasa Cash account will be transferred to your Kasasa Saver account automatically on the business day following the day they were credited to your Kasasa Cash account. Kasasa Saver – Interest on your Kasasa Saver will be credited to your Kasasa Saver account on the last day of the current statement cycle. Additional Information A $25 minimum deposit is required to open the account and no minimum balance is required to obtain the account’s rewards. You must have a Kasasa Cash account in order to open a Kasasa Saver account, and the Kasasa Cash must remain open throughout the period that you hold the Kasasa Saver account. Monthly direct deposit or automatic ACH withdrawal and enrollment in and agreement to receive e-Statements are a condition of the Kasasa Cash account. This account is not to be used for commercial purposes and there is a limit of one (1) account per social security number. There are no fees to open or close this account. There are no recurring Member FDIC. Kasasa Cash and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A. monthly service charges associated with this account. See accompanying Fee Schedule for fees that may apply to this account. Enrollment in electronic services (e.g. online banking and electronic statements) may be required to meet some of this account’s qualifications. Contact a MCS Bank service representative for additional information, details and enrollment instructions. *APY = Annual Percentage Yield

Kasasa Saver for Cash Back:

*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. 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 MCS Bank as ATM transactions and purchases made with non-MCS Bank issued cards. 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) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle. Reward Information: When your Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the current statement cycle: Kasasa Saver: Balances up to $15,000.00 receive APY of 0.85% and balances over $15,000.00 earn 0.35% interest rate on the portion of balance over $15,000.00, resulting in a range from 0.85% to 0.42% APY depending on the account's balance. Kasasa Cash Back: 2.00% cash back on up to a total of $300.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. When Kasasa Cash Back qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash Back: No cash back payments are made and ATM withdrawal fees are not refunded. APY = Annual Percentage Yield. APYs accurate as of 03/19/20. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. Additional Information: : Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $25.00 minimum deposit is required to open the account. Monthly Direct Deposit or ACH debit/credit and agreement to receive e-Statement notifications are conditions of this account. Enrollment in electronic services (e.g. online banking, electronic statements and log-ons) may be required to meet some of the account's qualifications. Limit one (1) account per social security number. A Kasasa Cash Back account is required to have a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly service charges or fees to open or close this account. Contact a MCS Bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.