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LINK YOUR KASASA® CHECKING TO THIS FREE ACCOUNT THAT PAYS A HIGH RATE AND HELPS YOU SAVE AUTOMATICALLY!

Key Features

  • Automatic Savings
  • Earn High Rate
  • No Monthly Maintenance Fees**
  • 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
  • 1.51% APY* on balances up to $100,000
  • 1.51% to 0.88% APY on balances over $100,000 depending on balance in account*
  • 0.05% APY* if qualifications are not met
  • No monthly maintenance fees
  • No minimum balance to earn rewards
  • Free digital banking, including:
  • No minimum deposit to open

Qualifying for the higher Kasasa Saver rate is easy

To earn the highest Kasasa Saver rate your Kasasa Cash or Kasasa Cash Back account must qualify.

To earn your rewards, all of the following must be in place and all transactions and activities must post and settle to your linked Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least 12 debit card purchases
  • Be enrolled in eStatements
  • At least 1 direct deposit, ACH credit, or ACH payment transaction

If for some reason you don’t meet these qualifications, don’t worry — your Kasasa accounts are still free.

You’ll still earn our base rate on Kasasa Saver and can get right back to earning full rewards the very next month!

Qualification Information:

To earn your rewards, all of the following must be in place and all transactions and activities must post and settle to your linked Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • At least one (1) direct deposit or ACH payment
  • At least twelve (12) debit card purchases using your Farmers and Merchants Bank issued debit card
  • Be enrolled in and have agreed to receive e-statements rather than paper statements

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 “Monthly Qualification Cycle” ends one business day prior to your statement cycle end date.  The next Qualification Cycle start date begins the following calendar day.  A chart of specific Monthly Qualification Cycle dates can be found on our website at www.fmbmilligan.com, or can be obtained by contacting one of our bank service representatives.

“Statement Cycle” means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to your account.

Reward Information:

When your linked Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your Kasasa Saver account earn an interest rate of 1.50% resulting in an APY of 1.51%; and daily balances over $100,000 earn an interest rate of .25% on the portion of the daily balance over $100,000.  This will result in a range from 1.51% to .88% APY depending on the account’s daily balance (when using an assumed balance of $150,000 and an assumed statement cycle of thirty-one (31) days.)

When your linked Kasasa Cash or Kasasa Cash Back account qualifications are not met, the interest rate earned on the account’s entire daily balance will be .05% resulting in an APY of .05%.

Interest will be credited to your Kasasa Saver account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APYs accurate as of 6/18/19.

Rates and rewards 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.

Additional Information:

Account approval, qualifications, limits, timeframes, enrollments and other requirements apply.

No minimum deposit is required to open the account.

There are no recurring monthly maintenance charges or fees to open or close this account.

A Kasasa Cash or Kasasa Cash Back account is required to have a Kasasa Saver account.

Advertised information and rewards are based on all account qualifications being met during each cycle period.

Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Member FDIC.

Trademarks:

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