Kasasa Saver

Qualifications:
 

1) At least 10 debit card purchases post and settle each cycle.

2) Be enrolled in and log into online banking.
 

Enrollments must be in place and all of the transactions and activities listed above must post and settle to your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle. 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 First Bank of Alabama as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by our First Bank of Alabama. "Monthly Qualification Cycle" means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle.
 

Reward Information:
 

When your Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, balances up to $50,000 in your Kasasa Saver account earn 3.20% interest rate resulting in an APY of 3.25%; and balances over $50,000 earn 0.25% interest rate on the portion of balance over $50,000, resulting in a range from 3.25% to 1.25% APY depending on the account's balance. When Kasasa Cash or Kasasa Cash Back qualifications are not met, all balances in the account earn 0.05% interest rate resulting in an APY of 0.05%. Interest is compounded monthly.  APY = Annual Percentage Yield. APYs accurate as of 07/21/2023. Accrued interest will be credited to your Kasasa Saver account on the last day of the current statement cycle. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. For additional Reward Information on your linked Kasasa Cash or Kasasa Cash Back account, refer to the Kasasa Cash or Kasasa Cash Back product descriptions.
 

 

Additional Information:
 

Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. Kasasa Cash account, Kasasa Cash Back account, and Kasasa Saver account require electronic delivery of statements. $50 minimum deposit is required to open each account. Enrollment in electronic services (e.g. online banking, electronic statements, and log-ons may be required to meet some of the account's qualifications. Consumer accounts only. Limit of one account per social security number. The daily balance method is used to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). We reserve the right to at any time require not less than 7 days' notice in writing before any withdrawal from an interest bearing account. A Kasasa Cash account or Kasasa Cash Back account is required to open a Kasasa Saver account. A linked Kasasa Saver account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. If you close your account before interest is credited, you will not receive the accrued interest. A $5 fee will be charged per withdrawal in excess of two per month. Carrier data rates may apply. Contact one of our First Bank of Alabama service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC.

Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.