Once you have opened a Northwest Federal Kasasa Cash® or Kasasa Cash Back® checking account, be sure to open a Northwest Federal Kasasa Saver® account for an easy way to save. With a Kasasa Saver® the cash back you earn on everyday debit card purchases with your Northwest Federal Kasasa Cash Back® checking account or the higher dividends you earn from your Northwest Federal Kasasa Cash® checking account will automatically be deposited to your Kasasa Saver® account each month, making it a seamless way to save!
Kasasa, Kasasa Cash, and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.
Set aside money for taxes, vacations, holiday purchases, and more with our Savings Club Accounts.
- Set your start date
- Decide how long you want to save
- Make deposits at any time throughout the year(s)
- Money will be automatically transferred to your chosen account on the end date
Help your children learn the importance of saving money for their short- and long-term goals with one of our Youth Club Accounts. They’ll be rewarded with:
- Higher dividends on the first $1,500 saved
- Gift and membership kit at account opening
- Deposit rewards, including $25 bonus* to First Rewards account holders when $500 is saved
Complete a Youth Membership Application to open a Youth Club Account today!
*You will receive $25 as a bonus when your First Rewards savings account balance reaches $500. The $25 bonus will be credited to the savings account by close of business on the first day the balance reaches $500. Offer limited to one bonus per member. The bonus will be reported on the member’s year-end 1099-INT statement.
Financial Education Activities
Save - Spend - Share Jars
Watch Westie's Save-Spend-Share Jar Activity how-to video and download and print your own labels here!
Westie's Activity Book
Click here to download Westie's Activity Book and print your favorite pages!
Savings Rates
| ACCOUNT TYPE | OPENING BALANCE | BALANCE TO EARN DIVIDENDS | BALANCE | APY1 |
|---|---|---|---|---|
| SAVINGS ACCOUNT | $1 | $1 | 0.05% | |
| KASASA SAVER®2 | No minimum | $0.01 |
Up to $25,000
|
0.50%3
0.02% |
| YOUTH CLUB ACCOUNT | $1 | $1 |
Up to $1,500 |
2.27% |
| MONEY MARKET |
No minimum |
$0.01 |
Less than $2,500 |
0.64% |
| SAVINGS CLUB | No minimum | $0.01 | 0.05% | |
| SAVINGS IRA (TRADITIONAL, ROTH, AND EDUCATION) | No minimum | $0.01 | No minimum | 0.20% |
1 APY = Annual Percentage Yield. Rates and terms effective as of 9/1/23 and subject to change without notice. The rates may change after the account is opened. Fees may reduce earnings on the account. Dividends are paid from earnings after transfers to reserves.
2 Only members with a Kasasa Cash or Kasasa Cash Back account may open a Kasasa Saver account.
3 When the account qualifications for your Kasasa checking account are met during a Monthly Qualification Cycle, balances in your Kasasa Saver account less than or equal to $25,000 receive APY of 0.50%; and balances over $25,000 earn 0.25% APY on the portion over $25,000, resulting in a range from 0.50% to 0.31% APY depending on the account’s balance.
4 Balances up to $1,500 receive APY of 2.27%; and balances over $1,500 earn 0.25% on the portion over $1,500, resulting in a range from 2.27% to 0.37% APY depending on the account's balance.
View our Schedule of Fees.
Northwest Federal Savings and Money Market Accounts are non-transaction accounts, which means you may make no more than six (6) preauthorized, automatic, telephonic, or audio response transfers or withdrawals by check, debit card or similar order to another account of yours or to a third party during any calendar month. Learn more.