• 2.01 % APY* on balances up to $10,000 when you qualify
• 0.50% APY* on amount of balance over $10,000 when you qualify
• 0.05% APY on all balances when you do not qualify
• Unlimited ATM fee refunds nationwide
• Can link to Kasasa Saver, creating automatic savings deposits
• No monthly service fee
• No minimum balance requirement to earn rewards
• Unlimited check writing
• Free Visa® check card
• OceanLink online banking with bill pay
• Free Touch Tone Teller phone banking
• Automatic share overdraft protection
• Available to personal accounts only
• NCUA insured

Qualifying for your Kasasa Cash rewards is so easy, you're probably already doing it. All you have to do is the following every monthly qualification cycle:

• Receive online eStatements
• Have at least 12 debit card purchases post and clear
• Have at least one ACH direct deposit or automatic payment post and clear

If you don't qualify, you have nothing to worry about. Your checking account is still completely free, and even earns dividends at our base rate of 0.05% APY*. Best of all, you can get the 2.01% APY* and nationwide ATM fee refunds the very next cycle!

Qualification Cycle Dates for 2011/2012

November 2011 - 10/30/2011 through 11/29/2011

December 2011 - 11/30/2011 through 12/30/2011

January 2012 - 12/31/2011 through 01/30/2012

February 2012 - 1/31/2012 through 02/28/2012

March 2012 - 02/29/2012 through 03/30/2012

April 2012 - 03/31/2012 through 04/28/2012

May 2012 – 04/29/2012 through 05/30/2012

June 2012 - 05/31/2012 through 06/29/2012

July 2012- 06/30/2012 through 07/30/2012

August 2012 - 07/31/2012 through 08/30/2012

September 2012 - 08/31/2012 through 09/28/2012

October 2012 - 09/29/2012 through 10/30/2012

November 2012 - 10/31/2012 through 11/29/2012

December 2012 - 11/30/2012 through 12/29/2012

*Annual Percentage Yield (APY) accurate as of 2/1/11. Minimum to open account is $100. New member must meet $50 qualifying share requirement at time of account opening. Rate tiers are as follows: 2.01% APY applies to balances of $0.00 to $10,000 and 0.50% APY applies to balances over $10,001 if qualifications are met each monthly qualification cycle. 0.05% APY applies to all balances if qualifications are not met. All balances will earn 2.01% APY to 0.50% APY as long as qualifications are met. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear during the qualification cycle. Qualification cycle is 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. Check card purchase means any PIN or signature based transaction performed at any location other than an ATM. Purchases may take more than three business days to post and clear from the transaction date. Available to personal accounts only. Limit one account per social security number. **ATM fee refunds only if qualifications are met within qualification cycle

Ocean Communities Federal Credit Union has launched two exciting new products: Kasasa Cash and Kasasa Saver. Please use this document to help answer any questions you might have about the new Kasasa products.

Q: What are the new Kasasa Accounts?

A: Our Kasasa Cash account is a free, high-yield checking account. Kasasa Saver is a companion share (savings) account that also pays high interest.

Q: What rates will be paid on these accounts?

A: As of February 1, 2011 the Kasasa Cash account will pay 2.01% APY* on balances up to $10,000 and the Kasasa Saver will pay 1.25% APY* on balances up to $50,000.

Q: Are there minimum or maximum balances for the Kasasa accounts?

A: There are no minimum balance requirements for either account, so anyone can take advantage of these rates. However, there is a maximum balance of $10,000 in the Kasasa Cash and $50,000 in Kasasa Saver that will earn the above premium rates. Excess balances will earn 0.50% APY*.

Q: Are there other qualifications for earning these rates?

A: The qualifications are the same as OceanStar checking: make 12 debit card transactions, sign up to receive electronic statements, and set up one direct deposit or ACH transaction on the account during each qualification cycle.

Q: If I don't meet the qualifications, will I pay a penalty?

A: No. Just like OceanStar Checking, if you don't meet the qualifications for a specific cycle, you will not be charged a fee. For that month, you will earn .05% APY on your Kasasa Cash AND Kasasa Saver account balances, and you will not receive any ATM refunds. Simply meet the qualifications the following cycle, and both accounts will earn the maximum rate again.

Q: What is the difference between the Kasasa Cash account and OceanStar Checking?

A: Kasasa Cash will replace the OceanStar Checking accounts.

Q: What do I do if I have an OceanStar Checking account now?

A: OceanStar Checking accounts will automatically convert to a Kasasa Cash account. So if you only have one OceanStar checking account currently, you do not need to do anything to convert to Kasasa Cash.

Q: I don't have an OceanStar Checking account, but I do have a regular checking account. Will my checking account automatically convert to a Kasasa Cash account?

A: No, but all you will need to do is call us at 800-418-1486 or stop by any branch office and we can change the account over for you.

Q: What if I currently have more than one OceanStar Checking account?

A: There is a limit of one Kasasa Cash and one Kasasa Saver account per member social security number. If you have more than one OceanStar Checking account, please call 800-418-1486 to discuss options. NOTE: if you have more than one account with joint ownership, please read below.

Q: What happens if I am a joint owner of multiple OceanStar checking accounts?

A: The Kasasa accounts are limited to one Kasasa Saver and one Kasasa Cash account per social security number. In the case of jointly owned accounts, only the primary account owner's social security number is used. Therefore, if you jointly own more than one OceanStar checking account, it is OK to have more than one Kasasa account provided that you are the primary owner on only one. For example, if you and your spouse jointly have two OceanStar checking accounts, they will both convert to Kasasa Cash accounts provided that your spouse is the primary account holder on one and you are the primary account holder on the other.

Q: How do I open a Kasasa Saver account?

A: If you currently have an OceanStar checking account, simply call us at 800-418-1486 or stop by any branch office and we can help you open a Kasasa Saver account. If you have a regular checking account (a checking account that is not OceanStar), you can convert it to a Kasasa Cash by phone or in person. If you do not currently have a checking account, you will need to visit a branch office to open both a Kasasa Cash and Kasasa Saver account.

Q: If I don't have a Kasasa Cash Account can I still open a Kasasa Saver?

A: No. Kasasa Saver accounts are a special benefit for Kasasa Cash account holders.

Q: What is the advantage of having a Kasasa Saver versus a regular share account?

A: The primary advantage is the higher interest rate. As of 2/1/11, you will earn 1.25% APY* on all account balances up to $50,000. This can add up to significant savings over our regular share account rate. Additionally, when you have a Kasasa Saver account, all interest plus any ATM refunds earned per cycle on your Kasasa Cash account will be automatically deposited into your Kasasa Saver account.