Free Kasasa Saver® 











Enjoy automatic, high-paying savings. Free Kasasa Saver® connects to your equally free Kasasa Cash® or Kasasa Cash Back® checking to make saving easy!


When you earn cash rewards in your Kasasa® checking, those rewards transfer into Kasasa Saver. Your Kasasa Saver also pays up to 1.01% Annual Percentage Yield (APY)! All for doing easy banking basics that you’re probably already doing anyway.

Benefits
•    Free account that makes saving effortless
•    Connects to your free Kasasa Cash or Kasasa Cash Back checking
•    Automatic transfers of Kasasa Cash or Kasasa Cash Back rewards
•    1.01% APY on balances up to $85,000
•    1.01% to 0.52% APY on balances over $85,000 depending on balance in account
•    0.03% APY if qualifications are not met
•    No minimum balance to earn rewards
•    No monthly service fee
•    Free Online Banking
•    Free Mobile Banking 
•    Free eStatements 
•    $10 minimum deposit to open

It’s So Easy to Qualify For Rewards
Qualifying for your Kasasa Cash and Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. Just have the following transactions and activities post and settle to your free Kasasa Cash or Kasasa Cash Back account each monthly qualification cycle:

•    At least 12 check card purchases 
•    At least 1 direct deposit or automatic payment (ACH)
•    Be enrolled and agree to receive eStatements 

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

Qualifications Information
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 F&M Bank as ATM transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current Statement Cycle through one (1) day prior to the close of the current Statement Cycle. “Statement Cycle” means the period of time for which F&M Bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.

Reward Information
When your Kasasa Cash or Kasasa Cash Back account qualifications are met during a Monthly Qualification Cycle, the following rewards will be distributed to your account(s) on the last day of the statement cycle:

Kasasa Saver
Balances up to $85,000 in your account receive a APY of 1.01%; and balances over $85,000 earn .25% APY on the portion of the balance over $85,000 resulting in a range from 1.01% to .5994% APY depending on the account’s balance.

Kasasa Cash
Balances up to $15,000 receive APY of 2.01%; and balances over $15,000 earn .25% APY on the portion of balance over $15,000 resulting in a range from 2.01% to .3491% APY depending on the account’s balance.

Kasasa Cash Back
When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive (1) 2.0% cash back on up to a total of $400.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $8.00 cash back may be earned per Monthly Qualification Cycle.  You will also receive reimbursements up to $4.99 per single transaction for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. An ATM receipt must be presented within thirty (30) calendar days of transaction for reimbursements of individual ATM fees of $5.00 or higher.

When Kasasa Cash and Kasasa Cash Back qualifications are not met,
Kasasa Saver:  All balances earn .03% APY.
Kasasa Cash:  All balances earn .03% APY
Kasasa Cash Back:  No cash back payments are made.

When linked to the Kasasa Saver account, the interest/rewards earned within the Kasasa Cash and Kasasa Cash Back accounts do not compound since it is automatically transferred to the Kasasa Saver account the day after being credited to your Kasasa account(s).  The Kasasa Saver APYs may be less than the Kasasa Cash APYs. APY = Annual Percentage Yield.  APYs accurate as of May 11, 2015. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information 
Monthly ACH credit/debit is a condition(s) of having your Kasasa Cash account. You must have a Kasasa Cash or Kasasa Cash Back account in order to open a Kasasa Saver account, and the Kasasa 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.

If Saver Is Established As A Savings Account: 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 pre-authorized transfers or withdrawals; via 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, excluding sole proprietors and not-for-profits, and there is a limit of one account(s) per social security number. Enrollment in electronic services (e.g. online banking, electronic statements), are required to meet some of these account’s qualification

F&M Bank reserves the right to determine if the account is being maintained for a purpose other than day-to-day, primary use. Accountholders who persist in making debit card transactions in a calculated and limited fashion in order to meet their monthly qualifications may have their accounts converted to a different checking account or closed altogether. We also reserve the right to convert the account to a different checking account if the account does not have consistent active use over three (3) consecutive Statement Cycles. The attached Kasasa Saver account will also be closed if the Kasasa Cash Back or Cash account is converted or closed.

There are no recurring monthly service charges or fees to open or close this account. Contact an F&M Bank service representative for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC. Kasasa, Kasasa Cash, Kasasa Cash Back and Kasasa Saver are trademarks of BancVue, Ltd., registered in the U.S.A.