Free Kasasa Saver

At Newton Federal, we want to make saving as easy as possible — that’s why we offer free Kasasa Saver®, an account that connects to your equally free Kasasa Cash® or Kasasa Cash Back® checking.


  • 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
  • 0.50% APY* on balances up to $50,000
  • 0.50% to 0.33% APY on balances over $50,000 depending on balance in account*
  • 0.03% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free mobile banking
  • Free eStatements
  • $25 minimum deposit to open

Earning Your Rewards is Easy.

Qualifying for your Kasasa Cash or Kasasa Cash Back account 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 eStatements
  • Be enrolled in and log into online banking

That’s it. And even if you don’t meet your qualifications during the month, your Kasasa® accounts are still free — and you’ll still earn our base rate of interest on Kasasa Saver. Plus, you can get right back to earning your full rewards the very next month.


Free Kasasa Saver 

Qualification Information:  Qualifications to earn preferred rates to a Kasasa Cash account:

  • At least 12 debit card transactions post & settle during qualifying period
  • Be enrolled & receive monthly statement electronically
  • Be enrolled & log into Digital Banking at least one time per monthly qualification cycle

Monthly qualification cycle means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. 

Limit one Kasasa account per social security number. 

If qualifications are met, you will receive:
  • Daily Balances 0 – $50,000.00 =  .50% Interest Rate        .50% APY
  • Daily Balances $50,000.01 or more =  .25% Interest Rate 50%      .33% APY

APY range is based on a daily balance of $150,000.00.

If qualifications are not met, the interest rate paid on the entire balance will be .03% with an APY of .03%.

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 following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit and credit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit or credit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. “Monthly Qualification Cycle” means the current statement cycle. See our website or contact one of our branch service representatives for specific Monthly Qualification Cycle dates.

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Newton Federal Bank is a division of Affinity Bank. Newton Federal Bank and Affinity Bank are the same entity for the purpose of calculating FDIC insurance limits and deposits. Effective September 15, 2023, the Bank converted from a federal savings association to a national bank, and as a result, the Company became a bank holding company instead of a savings and loan holding company. Newton Federal is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. Please contact us with any concerns or comments. © 2023-2024 All Rights Reserved.