Kasasa Saver

Kasasa Saver

Make the most of your Kasasa Cash Checking Account earnings by pairing it with Kasasa Saver. Murphy-Wall is helping the citizens of Perry and Jackson Counties by putting their money to work earning a superior rate of return.


Here's how it works: we will automatically transfer the interest and ATM fee refunds* earned in your Kasasa Cash account into this account where they earn a great rate. That means the rewards you earn through Kasasa Cash help make saving easy!


Summary
  • 0.50% APY* on balances up to $50,000 when qualifications are met
  • 0.50% - 0.25% APY* on balances over $50,000 depending on balance in account*
  • 0.05% APY* if qualifications aren't met
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free Online Banking
  • Free eStatements
  • Free Telephone Banking
  • Direct deposit available
  • FDIC insured
  • $50 to open

To qualify for the Kasasa rates on your Kasasa Saver account, you must meet your Kasasa Cash Qualification Criteria each monthly qualification cycle:

  • Have at least 12 debit card purchases post and clear
  • Have one automatic payment (ACH) or direct deposit post and clear
  • Be enrolled and receive eStatement notice
  • Access Online Banking

If you don't qualify, don't worry—your savings account is still free, with no minimum balance requirement to earn rewards, and earns our base rate of 0.05% APY*. And you can get the rewards back the very next monthly qualification cycle!


*Minimum to open account is $100 for Kasasa Cash and $50 for Kasasa Saver. Annual Percentage Yield (APY) accurate as of 03/06/2013 Kasasa Cash rate tiers are as follows: 1.00% APY applies to balances of $0.01- $10,000 and 0.25% APY applies to balances over $10,000 if qualifications are met during monthly qualification cycle. 0.05% APY applies to all balances if qualifications are not met. All balances will earn 1.00% APY – 0.25% APY if qualifications are met. The advertised Kasasa Cash APY is based on compounding interest. The interest earned in Kasasa Cash is automatically transferred to Kasasa Saver each statement cycle and does not compound. The actual interest paid may be less than the advertised APY. The Kasasa Saver APYs may be less than the Kasasa Cash APYs. Kasasa Saver rate tiers are as follows: .50% APY applies to balances of $0.01 - $50,000 and 0.25% APY applies to balances over $50,000 if qualifications are met during monthly qualification cycle on Kasasa Cash. 0.05% APY applies to all balances if qualifications are not met on Kasasa Cash. All balances will earn .50% APY – 0.25% APY if qualifications are met on Kasasa Cash. Qualifying transactions must post and clear Kasasa Cash during monthly qualification cycle. Transactions may take one or more banking days from the date the transaction occurred to post to an account. ATM-processed and internal bank transfers do not count as qualifying transactions. Rates may change after account is opened. Fees may reduce earnings. ATM Fee refunds (Kasasa Cash account only) up to $25.00 provided only if qualifications are met within monthly qualification cycle.