Asides from its check deposit account which has one of the best interest rates, St. Martin Bank and Trust Company , based in Louisiana, has a high interest savings account called Kasasa Saver Account. The beauty of the Kasasa Saver is that it is links to your checking account. The 4.01% Annual Percentage Yield your check accounts accrues goes to your Kasasa Saver. The Kasasa Saver then accrues 2.00% on top of it.

This particular savings account would certainly interest people who would like to see their interest get more interest.  Asides from this, Kasasa account holders will be able to see their earnings and their ATM refunds in one place. There is also no maintaining balance for the Kasasa Saver.

Customers on the other hand need to be know that there are some monthly requirements they need to performe in order for their account to yield the 2.00% interest. They need to make ten purchases per month using their check card. Account holders will need to make billing payments through their St. Martin accounts. The E-statement function of the bank should be enabled and customers should be receiving e-statements. People should also be able to go on the Internet and check their accounts.

Interested customers can open a Kasasa Saver anytime as long as they have a Kasasa Cash account. People can go to one of their ten branches in Illinois or apply online at www.kasasa.com. Online applications require certain documents like the Kash Saver checkbook, previous address, Social Security Number, a valid State issued ID.

Customers who miss meeting the said requirements can still earn the base interest. The said base interest is 0.05% for the checking account. That percentage will be transferred to the Kasasa Saver account of the customer and it will also earn an interest rate of 0.05%. If the customer is able to meet the requirements during the next qualification cycle, she or he will again be eligible to gain the 4.01% APY for the checking and 2.00 APY% for the Kasasa Saver.

Aside from these requirements, customers must also take note of the rate tiers that St. Martin Bank and Trust Company applies. Checking Accounts which are $.01 to $15,000 are eligible for the best interest rate of  4.01% APY stipulated in the promotion. When that account goes beyond the maximum, the rates go down to 0.25% APY.  Kasasa Saver accounts have the benefit of getting the 2.00 APY% as long as they are within the balance range of 0.01$ to $50,000. Accounts which have gone beyond the limit get .25% APY.

Interested parties must take note of the following qualification and statement cycle ending dates to be able to qualify for the best interest rates.

Qualification Deadline  2010

* August 09 – Monday

* September 09 – Thursday

* October 12 – Tuesday

* November 09 – Tuesday

* December 09 – Thursday

Statement Cycle Deadline 2010

*August 10 -  Tuesday

* September 10 – Friday

* October 13 – Wednesday

* November 10 – Wednesday

* December 10 – Wednesday

St. Martin Bank and Trust Company has been serving the people of Louisiana since 1933. The bank’s headquarters is located in St. Martinville. It also has branches in Catahoula,  Parks, Parkway, Verot School Road, Johnston, Scott, Crowley, Jennings, Welsh and Elton for a total of ten branches. Its FDIC certificate number is 12610. Bankrate.com gives the bank a rating of 5 stars with an asset of around 252 million deposits.