Are you looking for a great way to grow your savings while enjoying a high rate of return? MMCCU is offering an awesome opportunity with its Kasasa Saver account, featuring 5.00% APY on the first $20,000. With only a $30 minimum to open, this high-yield account can significantly boost your savings compared to traditional accounts.
Why Choose Kasasa Saver?
Kasasa Saver is not your average savings account. With the ability to earn 5.00% APY on the first $20,000, it’s a high-yield account that can significantly boost your savings potential. Whether you’re saving for a big purchase, building an emergency fund, or simply wanting to grow your money, Kasasa Saver offers a smart way to make your savings work harder for you.
In comparison, most traditional savings accounts offer interest rates of 0.01% to 0.50%. While these accounts provide a safe place to store your money, they simply don’t offer the same potential for growth. Kasasa Saver’s 5.00% APY interest means your money grows faster, helping you reach your goals sooner.
Maximize Your Earnings with Kasasa Saver
Let’s break down how much you could potentially earn with Kasasa Saver compared to a traditional savings account.
Imagine you have $10,000 saved:
- With a traditional savings account offering 0.05% interest, you’d earn only approximately $5 in interest over a year.
- With Kasasa Saver’s 5.00% APY interest, you’d earn about $500 on the same amount over a year.*
Now, if you have $20,000 saved, Kasasa Saver could earn you up to $1,000 in interest annually, compared to just $10 with a standard savings account.*
How Kasasa Saver Works
Kasasa Saver is simple to use and rewards you for maintaining an active Kasasa Cash or Kasasa Cash Back checking account. When you meet the monthly qualifications for your checking account (such as making a few debit card transactions or having direct deposits), you automatically qualify for the 5.00% APY interest rate on your Kasasa Saver balance up to $20,000. Any balance over $20,000 still earns interest, just at a lower rate.
There are no monthly maintenance fees, and you can easily access your money whenever you need it.
Benefits of Saving with MMCCU
At MMCCU, we’re committed to helping our members achieve their financial goals by offering competitive rates and superior service. With the Kasasa Saver account, you’ll enjoy:
- High-yield earnings: Grow your savings faster with 5.00% APY interest on the first $20,000.
- Free to use: No hidden fees or account maintenance costs.
- Automatic savings: Link Kasasa Saver to your Kasasa Cash or Cash Back checking account to make saving effortless.
- Local advantage: By banking with MMCCU, you’re supporting a local, community-driven credit union that puts members first.
Example: How Much You Can Earn
Let’s look at an example. Suppose you open a Kasasa Saver account with $5,000 and deposit an additional $1,000 each month for a year, qualifying for the 5% interest rate.
- By the end of 12 months, your account balance would grow to approximately $17,000.
- Thanks to the 5.00% APY interest, you’d earn around $450 in interest that year!*
In comparison, a traditional savings account offering 0.05% would only earn you about $8.50 in interest. That’s a big difference!
Ready to Start Growing Your Savings?
Don’t settle for less when it comes to your savings. The Kasasa Saver account at MMCCU offers the perfect combination of high returns, ease of use, and local credit union values. Whether you’re looking to build a rainy-day fund, save for a big purchase, or just want to see your money grow faster, Kasasa Saver is the best way to do it.
Take advantage of the 5.00% APY interest rate today and start maximizing your savings with MMCCU. Contact us to learn more or open your Kasasa Saver account online now!
* Interest calculated
