Rates

If you already have the best rewards checking account in South Dakota, complement it with a free savings account that earns up to 0.75% APY!* Kasasa Cash® and Kasasa Saver® work together, so the rewards you earn each month on Kasasa Cash are automatically transferred to Kasasa Saver.

All you have to do to earn these rewards is meet the easy monthly qualifications for Kasasa Cash. That's the power of community-powered banking at Quoin Financial Bank!

Summary
  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash checking
  • Automatic transfers of Kasasa Cash earnings
  • 0.75% APY* on balances up to $15,000
  • 0.75% to 0.23% APY*, on balances over $15,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met on Kasasa Cash
  • No monthly maintenance fee
  • No minimum balance required to earn rewards
  • Free online banking
  • Free mobile banking
  • Free eStatements
  • Limit of 6 transfers per month
  • $50 minimum deposit to open

Earning Your Rewards is Easy!

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 account during each Monthly Qualification Cycle:

  • At least 1 bill pay or ACH payment transaction
  • At least 10 debit card purchases
  • Be enrolled in and agree to receive eStatements

That's all. It's no problem if you miss a qualification cycle. Both accounts are still free and earn our base interest rate. And you can get back to earning rewards the very next month 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 Quoin Financial Bank as ATM transactions and purchases made with debit cards not issued by Quoin Financial Bank. "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 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 receive APY of 0.75%; and balances over $15,000 earn 0.1520% interest rate on the portion of balance over $15,000, resulting in a range from 0.75% to 0.23% APY depending on the account's balance. Kasasa Cash: Balances up to $15,000 receive a non-compounding APY* of 2.51%; and balances over $15,000 earn 0.1525% interest rate on the portion of balance over $15,000, resulting in a non-compounding range from 2.51% to 0.46% APY* depending on the account's balance. When Kasasa Cash qualifications are not met, Kasasa Saver: All balances earn 0.05% APY. Kasasa Cash: All balances earn a non-compounding APY* of 0.05%. *When linked to the Kasasa Saver account, the interest earned within the Kasasa Cash account does not compound since it is 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's balance is less than the transferred amount when transfer occurs. APY = Annual Percentage Yield. APYs accurate as of 06/01/2017. 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, and other requirements apply. $50 minimum deposit is required to open the account. Enrollment in online banking is a condition of this account. Enrollment in electronic services (e.g. online banking, electronic statements, may be required to meet some of the account's qualifications. Limit one account per social security number. A Kasasa Cash 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 Quoin Financial Bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.