Kasasa Saver

‡Qualification Information Saver with Cash:

Transactions and activities may take one (1) or more Banking Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM processed transactions, transfers between accounts, and debit card transactions processed by merchants and received by Marshall Community Credit Union as ATM transactions. “Monthly Qualification Cycle" means the current Statement Cycle. If you close your account before the interest is credited, you will not receive the accrued interest.  Interest begins to accrue on the Business Day OF your deposit. “Business Day” means any business day on which an office of the credit union is open to the public for the purpose of carrying out substantially all of its banking functions. We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the Statement Cycle.

^Qualification Information Saver with Cash Back:

To earn your rewards all of the following transactions and activities must post and settle to your Kasasa Cash Back account during each Monthly Qualification Cycle: At least 12 debit card purchases, be enrolled in and agree to receive eStatements, and be enrolled in and log into MCCU online banking.

Transactions and activities may take one (1) or more Banking Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM processed transactions, transfers between accounts, and debit card transactions processed by merchants and received by Marshall Community Credit Union as ATM transactions. “Monthly Qualification Cycle"? means the current Statement Cycle.  “Statement Cycle” means the period of time for which Marshall Community Credit Union provides a summary of the financial activities and transactions that post and settle to the accountholder’s  account.

Reward Information:

You must have a Kasasa Cash or Kasasa Cash Back account in order to open a Kasasa Saver account, and the Kasasa Cash or Kasasa Cash Back account must remain open throughout the period that you hold the Kasasa Saver account. In the event that you or we close your Kasasa Cash or Kasasa Cash Back account, your Kasasa Saver account will be closed as well.

The number of transfers from Kasasa Saver to another account in your name or withdrawals that you make in person, by mail, or at an ATM are unlimited. Also, withdrawals made by telephone via check mailed to you and transfers into Kasasa Saver are unlimited. During each Statement Cycle, you may also make up to six transfers or withdrawals in the aggregate including transfers  or  withdrawals  to  another  account in  your  name  at this financial institution or to a third party via preauthorized transfers or withdrawals, telephone banking (including fax), and  online  banking  service. Included in the aggregate six transfers or withdrawals are transfers to a third party, if made by check, or at point of sale terminals using your ATM or debit card. These transactions are considered made on the date the transaction posts and settles to your account, not the date the withdrawal request was initiated.

If Kasasa Cash qualifications are met during monthly qualification cycle, balances in your Kasasa Saver account up to $25,000 receive APY* of 2.00%; and balances over $25,000 earn .25% interest rate on the portion of the balance over $25,000 resulting in range from .60% to 2.00%**APY depending on the account’s balance. ATM Transactions performed in the Kasasa Saver account are not eligible for reimbursements.

If Kasasa Cash Back qualifications are met during the monthly qualification cycle, balances in your Kasasa Saver account up to $25,000 receive an APY* of 2.00%; and balances over $25,000 earn .25% interest rate on the portion of the balance over $25,000, resulting in range from .60% to 2.00% APY** depending on the account’s balance. ATM transactions performed in the Kasasa Saver account are not eligible for reimbursements.

Additional Information:

No minimum deposit is required to open the account and no minimum balance is required to obtain the account’s rewards. The number of transfers from Kasasa Saver to another account in your name or withdrawals that you make in-person, by mail or at an ATM are unlimited. Also, withdrawals made by telephone via check mailed to you  and transfers into Kasasa Saver are unlimited. During each Statement Cycle, you may also make up to six transfers or withdrawals in the aggregate including transfers or withdrawals to another account in your  name  at the this financial institution or to a third party via pre-authorized transfers or withdrawals, telephone banking (including fax) and  online  banking  service. Included in the aggregate six transfers or withdrawals are transfers to a third party, if made by check, or at point of sale terminals using your ATM or debit card. These transactions are considered made on the  date  the  transaction  posts  and  settles  to your account, not the date the withdrawal request was initiated.

This account is not to be used for commercial purposes and there is a limit of 1 account per social security number. Enrollment in electronic services (e.g., MCCU online banking, electronic statements), may be required. There are no fees to open or close this account. There are no recurring monthly service charges associated with this account. Federally Insured by NCUA. The Kasasa Saver APYs may be less than the Kasasa Cash and Kasasa Cash Back APYs. *APY = Annual Percentage Yield. Rates and rewards may change after account is opened. Fees may reduce earnings.

Trademarks:

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