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Primary Savings (Share) Account
The Primary Savings Account establishes your membership with the credit union, representing one share of ownership. As a member, you have access to the many benefits and services we offer. Dividends are paid to you monthly.
- Opening deposit of $25 and $25 balance minimum balance required
- Daily dividends compounded monthly
- Can withdraw funds at any time
- All member shares are federally insured by NCUA up to $250,000
Exclusively available to Kasasa Cash® and Kasasa Cash Back® checking accountholders, Kasasa Saver is designed to help maximize your earned cash rewards.
Earn dividends on your balance as you grow your savings automatically.
How It Works
- Free account that builds your savings effortlessly
- Links to free Kasasa Cash®or Kasasa Cash Back® checking
- Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
- 1.00% APY* on balances up to $10,000
- 0.25% APY* on balances over $10,000
- 0.05% APY* if qualifications are not met in Kasasa Cash or Kasasa Cash Back account
- No minimum balance to earn rewards
- No monthly maintenance fees
- $25 minimum deposit to open
Qualifying to Earn Rewards is Easy
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 payment or bill pay transaction
- Be enrolled in and agree to receive e-statements
See below for full account disclosures
A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA.
Kasasa Saver Account Disclosures
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 credit union as ATM transactions, PIN-based, signature based transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. 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 banking day of the current statement cycle through one (1) banking day prior to the last banking day of the current statement cycle.
When your linked Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $10,000 in your Kasasa Saver account earn an APY of 1.00% and daily balances over $10,000 earn a dividend rate of 0.25% on the portion of the daily balance over $10,000, resulting in a range from 0.25% to 1.00% APY depending on the account’s daily balance.
When your linked Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account qualifications are not met, the entire daily balance in the Kasasa Saver account earns a dividend rate of 0.05% resulting in an annual percentage yield of 0.05% APY.
Dividends will be credited to your Kasasa Saver account on the first processing day of the following statement cycle.
If Kasasa Cash or Kasasa Cash Back are linked to Kasasa Saver, the following also apply:
Kasasa Cash: When linked to a Kasasa Saver account, the dividends earned within the Kasasa Cash account do not compound since it, along with any nationwide ATM withdrawal fee reimbursements are, 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 balance is less than the transferred amount when the transfer occurs.
Kasasa Cash Back: When linked to a Kasasa Saver account, the cash back payments and nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back account will be credited to your Kasasa Saver account on the last processing day of the following statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of September 1, 2023
APY calculations are based on an assumed balance of $10,000 + $100,000 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 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.
Membership restrictions may apply.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
No minimum deposit is required to open the account.
Enrollment in on-line banking and monthly log in, enrollment in E-Statements, and at least 12 debit card PIN-based/signature based purchases that have posted and settled to the Kasasa Cash account are conditions of 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 or fees to open or close this account.
A Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account is required to have a Kasasa Saver account.
A linked Kasasa Saver account is required for automatic savings.
Contact one of our credit union service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.
Daniels Sheridan Federal Credit Union is federally insured by NCUA up to $250,000 Per Account.
Kasasa, Kasasa Cash, Kasasa Cash Back, Kasasa Tunes and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.