A better account to spend your retirement the way you want
It’s never too early to start planning out financials. Especially the ones that’ll make preparing for retirement less taxing.
Benefits You’ll Love
- Tax-advantage retirement savings***
- Option to choose Traditional or Roth IRA
- Earn interest above standard savings rates
- No set up or maintenance fees
- Tax-advantaged retirement savings***
- Competitive interest above standard savings rates
- Traditional and Roth IRA options
- No setup fees
- No monthly or annual maintenance fees
- $5,500 contribution limit per year
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
- $1,000 minimum deposit to open
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax*
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59 ½
- Early withdrawals subject to penalty**
- Mandatory withdrawals at age 72
Roth IRA
- Income limits to be eligible to open Roth IRA***
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal*
- Principal contributions can be withdrawn without penalty*
- Withdrawals on interest can begin at age 59 ½
- Early withdrawals on interest subject to penalty**
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Consult a tax advisor.
Don't let the financial stress of paying for school keep you or your child from pursuing higher education goals. A Coverdell Education Savings Account (ESA) provides a way to save for college while earning interest.
- Set aside funds for your child's education
- Interest grows tax-free
- Withdrawals are tax-free and penalty-free when used for qualified education expenses
- Designated beneficiary must be under 18 when contributions are made
- Contributions are not tax deductible
***Consult a tax advisor.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Certificates of Deposit
Please call your local branch to get a list of our current offerings and rates.
Individual Retirement Account (IRA): Same as Above. All rates and Annual Percentage Yields (APYs) are accurate as of the effective date. You may request additional information concerning the fees and terms applicable to the advertised accounts. Penalty for early withdrawal.
A penalty applies for early withdrawal.
Checking & Savings Accounts
| Account | Minimum Required balance to open and obtain APY | Interest Rate | APY |
|---|---|---|---|
| Regular Savings | $1 | 0.25% | 0.25% |
| NOW Accounts | $500 | 0.25% | 0.25% |
Christmas Club Account
| Minimum Required balance to open | Interest Rate | APY |
|---|---|---|
| $1 | 0.25% | 0.25% |
Kasasa Cash*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $25,000 | 3.93% | 4.00% |
| $25,000+ | 0.25% | 4.00% - 1.00% |
| All balances if qualifications aren't met | 0.05% | 0.05% |
Qualifications
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- At least 1 ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.
Kasasa Saver*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $25,000 | 1.98% | 2.00% |
| $25,000+ | 0.25% | 2.00% - 0.60% |
| All balances if qualifications aren't met | 0.05% | 0.05% |
Qualifications
Qualifying for your Kasasa Cash 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 account during each Monthly Qualification Cycle:
- At least 1 ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
It's no problem if you miss a qualification cycle. You can get back to earning rewards the very next month you qualify.
Money Market Account
| Tier | Interest Rate | APY |
|---|---|---|
| $1,000 - $9,999.99 | 0.25% | 0.25% |
| $10,000+ | 0.25% | 0.25% |