First Bank of the Lake: FAQs About the Free Kasasa® Saver

Here at our community bank at the Lake of the Ozarks, we truly understand how important it is to save every cent you can these days. Doing that means having savings options that work for you! That's where our bank in Osage Beach comes in. Our Lake of the Ozarks bank specializes in providing savings accounts that help you build your savings automatically. The savings account we are featuring in this week's blog is called the Free Kasasa Saver®. This is a very popular product with our customers. Keep reading for a few frequently asked questions about the Free Kasasa Saver® and our answers.

FAQs About the Free Kasasa® Saver

Q: What makes saving money with the Kasasa® Saver so easy?

A: Free Kasasa Saver® is saving simplified. You can connect it to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings effortlessly. When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver.

Q: What are some of the benefits of choosing the Free Kasasa® Saver over other savings accounts?

A: Some of the benefits of having the Free Kasasa Saver® include:

Links to free Kasasa Cash or Kasasa Cash Back checking
Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
0.75% APY* on balances up to $25,000
0.75% to 0.35% APY* on balances over $25,000 depending on balance in account**
0.05% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
No minimum balance to earn rewards
No monthly service fee
Free online banking
Free e-statements
Free debit card
$25 minimum deposit to open

Q: What do you mean when you say "earn rewards"?

A: We also have Kasasa® checking accounts here. You can learn more about those HERE. Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

Have at least 12 debit card purchases post and settle
Be enrolled in and log into online banking

That’s really it! Even if you don’t meet these qualifications, there are no penalties — your accounts are still free. Plus, you’ll still earn our base rate on your Kasasa Saver balance. And you can get right back to earning your full rewards the very next cycle that you qualify.

**Please Click Here For Our Kasasa Cash with Saver Disclaimer
**Please Click Here For Our Kasasa Cash Back with Saver Disclaimer
**Please Click Here For Kasasa Qualification Cycle & Statement Cycle Dates
*APY=Annual Percentage Yield

All of us here at our friendly bank at the Lake of the Ozarks hope you found these frequently asked questions and answers helpful in understanding the Free Kasasa® Saver more. If you have any questions or would like to learn more about this phenomenal savings account at the Lake of the Ozarks, please do not hesitate to give us a call. The great staff at First Bank of the Lake can be reached at (573) 348-2265. You can also visit our website at www.FirstBankLake.com for more information on all our wonderful banking products.

Want More Awesome Finance Tips? Sign Up For Our Newsletter!

First Bank of the Lake - Striving For Excellence

Member FDIC. Equal Housing Lender.