Enjoy interest and automatic reward transfers when linked with Kasasa® checking. Free Kasasa Saver® is saving simplified. This account links to your free Kasasa Cash® or Kasasa Cash Back® checking to build your savings automatically every month.
 

Kasasa Saver®    

Open Kasasa Saver for Cash

Open Kasasa Saver for Cash Back
 

Kasasa Saver is available to you only when you have a Kasasa Cash or Kasasa Cash Back checking account.  When you earn cash rewards in your Kasasa® checking, those earnings transfer into your Kasasa Saver. Kasasa Saver also pays up to 1.00% APY!* Thatís Kasasa at Bank of Galesville ó free accounts that reward you for banking locally. 
 
Benefits
  • 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
  • 1.00% APY* on balances up to $25,000
  • Balances over $25,000 earn .25% interest rate on the portion of balance over $25,000, resulting in a range from .25% to 1.00% APY* depending on the accountís balance
  • 0.01% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No minimum balance to earn rewards
  • No monthly service fee
  • NO limits on check writing
  • $50 minimum deposit to open
Itís so easy to earn your rewards ó just do banking basics!
Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:
 
  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive e-Statements
  • Be enrolled in and log into online or mobile banking
And if you donít meet these qualifications, your accounts are still free.
There are no penalties. Plus, youíll still earn our base rate on Kasasa Saver ó and you can get right back to earning your full rewards the very next cycle that you qualify.
*Kasasa Saver Disclaimer

 

Regular Savings

Making it easy to save. Open this account with $100 and receive a variable rate of interest calculated on a daily available balance.

  • NO minimum deposit needed to open for minors
  • Interest compounded and credited quarterly.
  • Direct Deposit into account at no charge
  • Set up automatic payments or transfers from account.
  • Five free in-bank withdrawals per month, thereafter, a charge of $0.50 each
  • You may not make more than six transfers and withdrawals from your account per month by means of a pre-authorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties. After 6 there will be a charge of $1 for each transaction.
  • Calculate your Savings

Bright Future

For parents and others wishing to assure a Bright Future for their children. This account offers an easy way to set aside regular amounts and watch it grow to meet their educational or other goals.

  • Account offers a preferred rate with two rate levels
  • Can set up regular automatic deposits into the account
  • Low opening deposit
  • No maintenance fee
  • Custodial ownership
  • Quarterly statement
  • Can easily transfer to your choice of Certificates of Deposit or
    investment products
  • Can remain in account until age 21
  • Calculate your Savings

Money Market Plus

For smart investors who want liquidity of their money. Offers market-based interest rates without the concern of a time-deposit and early withdrawal penalties. Open with just $2500.

  • This account has five rate levels. Interest is paid on the daily balance, so as your balance grows so does your rate of earnings.

    Rate levels are:
    • Up to $5,000
    • $ 5,000.01 -$ 10,000
    • $10,000.01 - $25,000
    • $25,000.01 - $50,000
    • $50,000.01 +
  • No monthly fee with a $2,500 daily balance or $10 per month if balance falls below $2,500 any day of the month.
  • Receive a monthly statement showing activity and interest credited.
  • Receive free checks to draw against the account when you choose. First six checks paid monthly are free, thereafter, there will be a $10 per check fee.
  • You may not make more than six transfers and withdrawals from your account per month by means of a pre-authorized or automatic transfer or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order payable to third parties.
  • Calculate your Savings

Health Savings Account

The Health Savings Account (HSA) is a tax-free interest bearing account that can be used to pay for medical expenses. To qualify, the individual must have a high-deductible health insurance plan. (For 2017, the annual deductible on an individual plan must be at least $1,300 and at least $2,600 for a family plan and the annual out-of-pocket
expenses (deductibles, co-payments, and other amounts, but not premiums) do
not exceed $6,550 for self-only coverage or $13,100 for family coverage. )

Benefits:

  • Annual contributions into an interest-bearing checking account are tax-deductible. Contributions can be made all at once or throughout the year.
  • Interest is earned tax-free.

Features:

  • For 2017, the annual contribution limit for an individual is $3,400 and $6,750 for a family contribution.
  • Contributions can be made annually. You have up until April 15th or your tax-filing deadline to contribute for the prior year.
  • Write checks to withdraw money for medial expenses throughout the year. Amounts distributed are not taxable provided they are used for medical expenses.
  • Or, you can pay your medical expenses out-of-pocket and let the HSA balance accumulate tax-free. There are no withdrawal requirements.
  • You select primary and secondary beneficiaries who will receive the HSA in the event of your death.
  • A minimum deposit of $100 is required to open the account. If the balance falls below $100, there is a $3 fee for that month.