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Kasasa Saver® Savings

Link this free account to your Kasasa® Checking —and build savings automatically while earning high interest. Only available with Kasasa Cash® Checking or Kasasa Cash Back® Checking account.

What You Can Expect

Automatic Savings

No Monthly Maintenance Fees

No Minimum Balance to Earn Rewards

Benefits you'll enjoy

  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash® or free Kasasa Cash Back® checking
  • Automatic crediting of Kasasa Cash® or Kasasa Cash Back® earnings
  • 2.25% APY* on balances as much as $100,000 when your Kasasa Cash® or Kasasa Cash Back®® qualifications are met
  • 0.05% APY* on all balances when qualifications are not met in Kasasa Cash® or Kasasa Cash Back®
  • No monthly maintenance fee
  • No minimum balance to earn rewards
  • $100 minimum deposit to open

Qualifications to Earn the Higher Rate

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 12 debit card purchases
  • At least 1 direct deposit or ACH transaction(s)
  • Be enrolled in and agree to receive eStatements
  • Be enrolled in and log into online banking and mobile banking
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.

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 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. Visit our website www.hanoverbank.com or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.

*Reward Information: When your linked Kasasa Cash or Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your Kasasa Saver account earn an interest rate of 2.22% resulting in an APY of 2.25%; and daily balances over $100,000 earn an interest rate of 0.19% on the portion of the daily balance over $100,000, resulting in a range from 2.25% to 1.23% APY depending on the account’s daily balance. You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. 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.

When your Kasasa Cash or Kasasa Cash Back qualifications are not met, the interest rate earned on the entire daily balance in the Kasasa Saver account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05%.

APY = Annual Percentage Yield. APYs accurate as of 10/01/2023. APY calculations are based on an assumed balance of $200,000 in your Kasasa Saver 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; 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, log-ons and other requirements apply. $100 minimum deposit is required to open the Kasasa Cash account. $25 minimum deposit is required to open the Kasasa Cash Back account. $100 minimum deposit is required to open the Kasasa Saver account. See our Schedule of fees that may apply to this account. 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 1 account(s) per social security number. There are no recurring monthly maintenance charges nor any fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. 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. Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.