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IMPORTANT NOTICE TO OUR KASASA ACCOUNT HOLDERS Since October 2008

Thursday, May 27, 2010 - 1:34 AMOcean Communities Federal Credit Union
IMPORTANT NOTICE TO OUR KASASA ACCOUNT HOLDERS


Since October 2008, when Ocean Communities introduced OceanStar Checking to its members, we have remained dedicated to paying the best rates in our market on your free checking account. The great rates that we offer got even better in February 2010 when we introduced Kasasa Cash and Kasasa Saver to you, thereby providing you with the opportunity to earn spectacular rates not only on your free checking account, but also on your savings account!

Recently, the Federal Reserve Open Market Committee reiterated its intent to maintain short-term market interest rates at their record low levels for an "extended period." In response to this longstanding and continuing low rate environment, we find it necessary to change some of our Kasasa rates, effective June 1, 2010:



 Kasasa™ Saver   Balance

Rate

APY*

Qualifying Accounts

<= $50,000.00

2.48%

2.51%

Qualifying Accounts

> $50,000

1.01%

1.01%

Non-Qualifying Accounts

All Balances

0.20%

0.20%

 



 Kasasa™ Cash Balance

Rate

APY*

Qualifying Accounts

<= $10,000.00

3.45%

3.51%

Qualifying Accounts

> $10,000

1.01%

1.01%

Non-Qualifying Accounts

All Balances

0.20%

0.20%

The qualifications for earning these great rates will remain the same, and your Kasasa accounts will continue to be free of any monthly service charges. Qualifying accounts will also continue to receive nationwide ATM fee refunds.

Even with these necessary rate changes, we are confident that you will still find that our Kasasa accounts offer the best returns in the market. If you have any questions, please feel free to visit us at any of our branch locations or call us at (800) 418-1486.

Thank you for your continued support of Ocean Communities!
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maineaccountmaineaccount2 posts since
Jan 25, 2010
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