• 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 2012/2013

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

November 2013 - 10/31/2012 through 11/29/2012

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

January 2013 - 12/30/2012 through 01/30/2013

February 2013 - 1/31/2013 through 02/27/2013

March 2013 - 02/28/2013 through 03/29/2013

April 2013 - 03/30/2013 through 04/29/2013

May 2013 – 04/30/2013 through 05/30/2013

June 2013 - 05/31/2013 through 06/28/2013

July 2013- 06/29/2013 through 07/30/2013

August 2013 - 07/31/2013 through 08/30/2013

September 2013 - 08/31/2013 through 09/29/2013

October 2013 - 09/30/2013 through 10/30/2013

November 2013 - 10/31/2013 through 11/29/2013

December 2013 - 11/30/2013 through 12/30/2013

*APY=Annual Percentage Yield. APYs accurate as of 02/01/2013. Rates may change after account is opened. Minimum to open is $100 for Kasasa Cash and $50 for Kasasa Saver. For Kasasa Cash, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.50% dividend rate on the portion of the balance over $10,000, resulting in 2.01% - 0.64% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances earn 0.05% APY. Qualifying transactions must post to and settle Kasasa Cash account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Kasasa Cash APY is based on compounding dividends. Dividends earned in Kasasa Cash are automatically transferred to Kasasa Saver each statement cycle and do not compound. Actual dividend amount paid may be less than advertised Kasasa Cash APY. The Kasasa Saver APYs may be less than Kasasa Cash APYs. If qualifications in Kasasa Cash are met each monthly qualification cycle: (1) balances up to $50,000 in Kasasa Saver receive an APY of 1.01%; and (2) balances over $50,000 in Kasasa Saver earn 0.50% dividend rate on portion of balance over $50,000, resulting in 1.01% - 0.67% APY depending on the balance. If qualifications are not met on Kasasa Cash, all balances in Kasasa Saver earn 0.05% APY. Transfers between accounts and ATM transactions do not count as qualifying transactions. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Limit one account per SSN.

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 September 1, 2011 the Kasasa Cash account will pay 2.01% APY* on balances up to $10,000 and the Kasasa Saver will pay 1.01% 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 9/1/11, you will earn 1.01% 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.