Kasasa Cash

Kasasa Cash account requirements per qualification cycle:

• Have a least 10 debit card purchases post and settle
• Have at least 1 automatic payment or direct deposit post and settle
• Access internet banking at least once
• Enroll in online statements

Minimum to open: $25.00

*Each cycle the minimum requirements are met, 1.50% Annual Percentage Yield (APY) will be paid on balances between $0.01 and $15,000.00 and for balances of $15,000.01 or more, the APY will range from 1.50% to 0.15%. If the requirements are not met per monthly cycle, the account will function as a free checking account earning 0.01% APY; however, it will not receive ATM refunds for that qualification cycle. ATM transactions do not count towards qualifying debit card transactions. Qualifying transactions must post to and settle to the account during the monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. Rates as of May 23rd, 2022. We may change the interest rate and APY at any time after the account is opened. No minimum balance is required; however, a minimum deposit of $25 is required to open this account. Any fees charged on this account will reduce earnings. Available to personal accounts only. No monthly service charge. Kasasa Cash earned interest will be credited to your account on the last day of the monthly statement cycle. **Domestic ATM refunds up to $25 per cycle and $4.99 per item if minimum requirements are met. Only Minnesota and Iowa residents are eligible to open a Kasasa Cash account.

Kasasa Saver

Minimum to open $25.00

Kasasa Saver is only allowed when you have an open Kasasa Cash or Cash Back checking account. Kasasa products are available to Minnesota and Iowa residents only.

*Each cycle the minimum requirements are met on the Kasasa Cash or Cash Back account, 0.20% Annual Percentage Yield (APY) will be paid on the Kasasa Saver account for balances between $0.01 and $15,000.00 and balances of $15,000.01 or more the APY will range from 0.20% to 0.05%. If the minimum requirements are not met per cycle the saver account will earn 0.01% APY. Rates as of May 23rd, 2022. We may change the interest rate and APY at any time after the account is opened. Available to personal accounts only. No monthly service charge.

Growth Checking

Minimum to open: $1,000.00

Classic Checking

Minimum to open: $500.00

Available to customers age 55 and over.

Community Development Checking

Minimum to open: $500

Eligible for 501(c)3 organizations and similar.

Simple Savings

Minimum to open: $25.00

Prime Savings

Minimum to open: $5,000.00

Certificate of Deposit (CDs)

Minimum to open: $500.00

Important Disclosure: Early withdrawal penalties apply when a CD is cashed prior to maturity date.  For a CD with a term less than 18 months the early withdrawal penalty is six months of interest.  For a CD with a term of 18 months or more, the early withdrawal penalty is twelve months of interest.

Individual Retirement Accounts (IRAs)

Minimum to open: $100.00

The interest rate and APY on IRAs matches the interest rate and APY offered on the CD with the highest interest rate and APY.

Health Savings Accounts (HSAs)

Minimum to open: $100.00

Business Savings

Minimum to open: $1,000.00

Businesses must maintain a Corporate Business Checking Account to qualify for the Business Savings Account.

*Important Disclosure: Fees can reduce earnings on checking and savings accounts.  Interest rates and annual percentage yields on checking and savings accounts may change after the account is opened.