Savings

If you’re interested in our Kasasa Checking account, our Kasasa Saver account option is for you!

Here’s how it works: the high interest and ATM fee refunds you earn from your free Kasasa Checking are automatically transferred into Kasasa Saver each month. Even better, Kasasa Saver even earns its own high interest.

Earn 0.50% APY* on balances up to $50,000 when you meet the following monthly qualifications in your Kasasa Checking account:

  • Have at least 12 Debit Card Transactions (excluding ATM transactions) post and clear
  • Have at least 1 Direct Deposit or 1 ACH Auto Debit post and clear
  • Receive a Monthly Electronic Statement

Compare Savings Accounts


Centsible Saving

Are you looking for a way to build your savings faster? Add the Centsible Saving feature to any SENB Bank personal savings account for an effortless way to save! Whenever you make a debit card purchase, the total will automatically “round up” to the next dollar. We will deposit the difference in an account of your choice.

Benefits of Centsible Saving

SENB makes it easy to grow your savings when you make purchases with your debit card:

  • Everyday purchases add up to extra deposits in the account of your choice.
  • The more you use your enrolled debit card, the more change you’ll collect.

Enroll in Centsible Saving today!

Grow your savings faster with the everyday purchases you already make. To add the Centsible Saving feature to your savings account, visit one of our banking centers in the Quad Cities, the Stateline Region and neighboring communities or contact us today!


Kasasa Saver Only

Interest Rates and APY

The interest rate and APY that apply to your Kasasa Saver account will be determined based on whether you have met the qualification criteria for your Kasasa Cash Checking account.

When the Kasasa Cash Checking qualifications are not met, ATM withdrawals are not refunded and the interest rate on your Kasasa Saver account will be 0.05% and the annual percentage yield will be 0.05%.

When the Kasasa Cash Checking qualifications are met, the interest rate on your Kasasa Saver account and corresponding annual percentage yield will be tiered.  If the daily balance is less than $50,000.01 the interest rate paid on that portion of the balance will be 0.499%.  The annual percentage yield for this tier will be 0.50%.  If the daily balance is more than $50,000.00 the interest rate paid on that portion of the balance will be 0.249%.  The annual percentage yield will be 0.50%.  The annual percentage yield for this tier will range from 0.50% to 0.25%. Rates as of 05/22/2018

Interest will be compounded on your Kasasa Saver account on a monthly basis. Interest will be credited to your account of the last day of the statement cycle. If you close your account before interest is credited, you WILL NOT receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

The Kasasa Cash Checking APY is based on compounding interest. Please be aware that the interest earned in Kasasa Cash Checking is automatically transferred to Kasasa Saver each statement cycle and does not compound. As a result, the actual interest amount paid for Kasasa Cash Checking may be less than the APY disclosed for that account. The Kasasa Saver APY’s may be less than the Kasasa Cash Checking APY’s.

Qualifications

To qualify for Kasasa Cash Checking and Kasasa Saver Savings rates and receive reimbursements on your ATM fee surcharges, your Kasasa Cash Checking account must meet the following qualifications during the monthly qualification cycle

  • Have at least 12 debit card purchases post and clear
  • Have at least 1 ACH or direct deposit post and clear
  • Receive eStatements

Please note that transactions MUST post and clear to your account during the monthly qualification cycle. Transactions in a pending status do not qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and clear an account. The following transactions do not count toward account rewards: ATM-processed transactions, transfers between accounts, non-retail transactions, and purchases made with debit 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.

As indicated in the Truth in Savings disclosure for your Kasasa Cash Checking account, if you have met your qualifications for the month, we will reimburse you for all domestic ATM fees incurred in your Kasasa Cash Checking account.  ATM fee reimbursements credited to your Kasasa Cash Checking account will be transferred to your Kasasa Saver account automatically on the first business day following the day they were credited to your Kasasa Cash Checking account.  If an individual ATM fee is $5.00 or higher, you must contact us for reimbursement, with your receipt, within sixty (60) calendar days of the withdrawal transaction.  ATM fee reimbursements will be credited to your account on the last day of your statement cycle.  When Kasasa Cash qualifications are not met, no ATM fees will be refunded.

When you use an ATM not owned by us, you may be charged a fee by the ATM operator or network. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer or withdrawal.

Monthly Qualification Cycle and Monthly Statement Cycle Explanation

“Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the fighter preferred rate.

Cycle Date Information

Our Monthly Qualification Cycle dates are not the same as our Statement Cycle dates.  Please refer to your account’s Truth in Savings disclosure for your account’s specific qualifications.  To qualify for your account’s rewards, all of your account’s qualifying transaction must post and settle to your Kasasa Cash account within the Monthly Qualification Cycle dates.  Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account’s rewards.  Account transactions and activities may take one or more days to post and settle the account and all must do so during the Monthly Qualification Cycle in order to qualify for your account’s rewards.  Go to SENB.com to see your Kasasa Cycle Date Information.

Other Account Information

Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.

SENB reserves the right to limit the number of accounts to two (2) accounts per social security number.

You must have a Kasasa Cash Checking account in order to open a Kasasa Saver account, and the Kasasa Cash Checking account must remain open throughout the period that you hold the Kasasa Saver account. In the event that you close your Kasasa Cash Checking account, we reserve the right to close your Kasasa Saver account.

Other Contract Terms

To receive your monthly statement electronically, the following minimum computer hardware and software requirements must be met: One of the following operating systems: Windows XP, Windows 2000 or Macintosh OSX. A secure session is established by using Secure Socket Layer (SSL) encryption and a compatible browser, such as: Internet Explorer 7.0, Netscape 7.2, Mozilla Firefox 1.0 or Safari 1.2.

If you choose not to have electronic delivery of eStatements, your account will be converted to an SENB Essential Checking account and Statement Savings account after three (3) monthly qualification cycles.

KASASA SAVER WITH KASASA CASH BACK DISCLOSURE ADDENDUM

Interest Rates and APY

The interest rate and APY that apply to your Kasasa Saver account will be determined based on whether you have met the qualification criteria for your Kasasa Cash Back Checking account.

When the Kasasa Cash Back Checking qualifications are not met, ATM withdrawals are not refunded, no cash back payments are made and the interest rate on your Kasasa Saver account will be 0.05% and the annual percentage yield will be 0.05%.

When the Kasasa Cash Back Checking qualifications are met, the interest rate on your Kasasa Saver account and corresponding annual percentage yield will be tiered.  If the daily balance is less than $50,000.01 the interest rate paid on that portion of the balance will be 0.499%.  The annual percentage yield for this tier will be 0.50%.  If the daily balance is more than $50,000.00 the interest rate paid on that portion of the balance will be 0.249%.  The annual percentage yield will be 0.50%.  The annual percentage yield for this tier will range from 0.50% to 0.25%. Rates as of 05/22/2018

Interest will be compounded on your KASASA SAVER account on a monthly basis. Interest will be credited to your account on the last day of the statement cycle. If you close your account before interest is credited, you WILL NOT receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks).

Qualifications

To qualify for Kasasa Cash Back rewards and Kasasa Saver Rates and receive reimbursements on your ATM fee surcharges, your Kasasa Cash Back Checking account must meet the following qualifications during the monthly qualification cycle:

  • Have at least 12 debit card purchases post and clear
  • Have at least 1 ACH or direct deposit post and clear
  • Receive eStatements

Please note that transactions MUST post and clear to your account during the monthly qualification cycle. Transactions in a pending status do not qualify as one of the qualifications. Transactions may take one or more banking days from the date the transaction was made to post and clear an account. The following transactions do not count toward account rewards: ATM-processed transactions, transfers between accounts, non-retail transactions, and purchases made with debit 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.

As indicated in the Truth in Savings disclosure for your Kasasa Cash Back Checking account, if you have met your qualifications for the month, we will reimburse you for all domestic ATM fees incurred in your Kasasa Cash Back Checking account.  ATM fee reimbursements will be credited directly to your Kasasa Saver Savings account on the last day of the current cycle.  If an individual ATM fee is $5.00 or higher, you must contact us for reimbursement, with your receipt, within sixty (60) calendar days of the withdrawal transaction.  When Kasasa Cash Back qualifications are not met, no ATM fees will be refunded.

When you use an ATM not owned by us, you may be charged a fee by the ATM operator or network. You may be charged a fee for a balance inquiry even if you do not complete a fund transfer or withdrawal.

Monthly Qualification Cycle and Monthly Statement Cycle Explanation

“Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate. The qualification cycle is the 21st of the month through the 20th of the next month. The qualification cycle may end earlier if the 20th falls on a weekend or holiday.

Cycle Date Information

Our Monthly Qualification Cycle dates are not the same as our Statement Cycle dates.  Please refer to your account’s Truth in Savings disclosure for your account’s specific qualifications.  To qualify for your account’s rewards, all of your account’s qualifying transaction must post and settle to your Kasasa Cash account within the Monthly Qualification Cycle dates.  Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning your account’s rewards.  Account transactions and activities may take one or more days to post and settle the account and all must do so during the Monthly Qualification Cycle in order to qualify for your account’s rewards.  Go to SENB.com to see your Kasasa Cycle Date Information.

Other Account Information

You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.

SENB reserves the right to limit the number of accounts to two (2) accounts per social security number.

Rates, rewards and bonuses are variable and may change after account is opened. Fees may reduce earnings.

You must have a Kasasa Cash Back Checking account in order to open a Kasasa Saver Savings account, and the Kasasa Cash Back Checking account must remain open throughout the period that you hold the Kasasa Saver Savings account. In the event that you close your Kasasa Cash Back Checking account, we reserve the right to close your Kasasa Saver Savings account.

Other Contract Terms

To receive your monthly statement electronically, the following minimum computer hardware and software requirements must be met: One of the following operating systems: Windows XP, Windows 2000 or Macintosh OSX. A secure session is established by using Secure Socket Layer (SSL) encryption and a compatible browser, such as: Internet Explorer 7.0, Netscape 7.2, Mozilla Firefox 1.0 or Safari 1.2.

If you choose not to have electronic delivery of eStatements, your account will be converted to an SENB Essential Checking account and Statement Savings account after three (3) monthly qualification cycles.

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