All dividends compounded and credited quarterly except Business Money Market Accounts, BAMM! Accounts, Kasasa Saver & Kasasa Cash accounts which are compounded and credited monthly. APY = Annual Percentage Yield.
*When your Kasasa Saver account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $250,000.00 in your Kasasa Saver account earn a dividend rate of 1.50% resulting in an APY of 1.51%; and daily balances over $250,000.00 earn a dividend rate of 0.25% on the portion of the daily balance over $250,000.00, resulting in a range from 1.51% to 1.14% APY depending on the account’s daily balance.
ELGA Elite Accounts: Requires minimum opening balance equal to lowest amount of each tier level (ex. $1,000-$4,999.99 minimum opening balance is $1,000). Minimum balance to earn dividends is the same as minimum opening balance on all ELGA Elite accounts. Balances below $1,000 on ELGA Elite will earn regular savings rate unless under $200 then will not earn interest.
BAMM! Accounts: To earn the Qualifying Rate, you must have a checking account with an average daily balance of $5,000 monthly OR an ELGA VISA Credit Card with monthly purchases totaling $2,500 or more in the calendar month. The checking account or ELGA VISA Credit Card must be held under the same account number as the BAMM! Account. If neither of these is attained in a calendar month, the rate will default to the Standard Rate until the next qualification cycle. Business accounts are excluded from this offer. Balance transfers and cash advances on the ELGA VISA Credit Card do not count toward the qualifying monthly purchase totals. Credit vouchers for returns will reduce your purchase total for the month. Rates are variable and may change after the account is opened.
For further details please see our Rate and Service Charges Disclosure.
Business Money Market Accounts: Only one is allowed per business member. Each dividend cycle begins on the first day of the calendar month and ends on the last day of the calendar month. Your dividend rate will only change on the first day of the month.
For further details please see our Rate and Service Charges Disclosure for businesses.
