Kasasa Saver

Kasasa Saver – Truth In Savings Disclosure

This disclosure contains the rules that govern your Kasasa Saver deposit account as of
May 01, 2021 when it is linked to either a Kasasa Cash, Kasasa Cash Back or Kasasa
Tunes account. Please refer to both this AND the corresponding Kasasa Cash, Kasasa
Cash Back or Kasasa Tunes Truth In Savings disclosure to ensure you have all of the
information that is associated with your accounts.

Account Overview:

Kasasa Saver: Linked with a Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account,
this is a free, variable rate deposit account with no minimum balance that rewards
accountholders with dividends when they meet the minimum qualifications associated
with their linked account during that account’s Monthly Qualification Cycle. In addition,
the (a) dividends, (b) cash back dollars, (c) reimbursements of iTunes, Amazon.com and
Google Play purchases and (d) the nationwide ATM withdrawal fee refunds earned
through the linked checking account are transferred into the Kasasa Saver account at the
end of the cycle period to help the consumer save.

Dividend Rate & Annual Percentage Yield (APY)

• Compounding & Crediting:
  Dividends will be compounded on a monthly basis. Dividends will be credited to your
  Kasasa Saver account on the last day of the current statement cycle. If you close your account before the dividends are credited, you will not receive the accrued dividends. Dividends begin(s) to accrue on the business day you deposit noncash items (for example, checks).
  • “Business Day” means a calendar day other than a Saturday or a Sunday, January 1,
    the third Monday in January, the third Monday in February, the last Monday in May,
    July 4, the first Monday in September, the second Monday in October, November 11,
    the fourth Thursday in November, or December 25. If January 1, July 4, November 11, or December 25 falls on a Sunday, the next Monday is not a Business Day.
  • “Statement Cycle” means the period of time for which Upward Credit Union provides
    a summary of the financial activities and transactions that post and settle to the
    accountholder’s account.
• Balance Computation Method:
  We use the average daily balance method to calculate the dividends on your Kasasa
  Saver account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the Statement Cycle.
• Dividend Rate & Annual Percentage Yield:
  The dividend rate and Annual Percentage Yield (APY) associated with your Kasasa
  Saver account when linked to either a Kasasa Cash, Kasasa Cash Back or Kasasa
  Tunes account is documented below. Please refer to the appropriate Kasasa Cash,
  Kasasa Cash Back or Kasasa Tunes Truth In Savings Disclosure for specific account
  qualification information.
  • When your linked Kasasa Cash, Kasasa Cash Back or Kasasa Tunes qualifications are met during a Monthly Qualification Cycle:
    Kasasa Saver: average daily balances up to and including $25,000.00 in your Kasasa Saver account earn a dividend rate of 0.4988% resulting in an APY of 0.50% and average daily balances over $25,000.00 earn a dividend rate of 0.25% on the portion of the average daily balance over $25,000.00, resulting in a range from 0.30% to 0.50% APY depending on the Kasasa Saver account’s average daily balance.
  • When your linked Kasasa Cash, Kasasa Cash Back or Kasasa Tunes qualifications are not met during a Monthly Qualification Cycle: the entire average daily balance in the Kasasa Saver account earns 0.05% APY.

Dividends will be credited to your Kasasa Saver account on the last day of the current
statement cycle.

Kasasa Cash When Linked To Kasasa Saver: When linked to Kasasa Saver and
your Kasasa Cash account’s qualifications are met during a Monthly Qualification
Cycle, average daily balances up to and including $10,000.00 in your Kasasa Cash
account earn a dividend rate of 0.9954% resulting in a non-compounding APY* of
1.00%; and average daily balances over $10,000.00 earn a dividend rate of 0.25% on
the portion of the average daily balance over $10,000.00, resulting in a noncompounding range from 0.32% to 1.00% APY depending on the account’s average
daily balance.

When your linked Kasasa Cash account’s qualifications are not met during a Monthly
Qualification Cycle: ATM withdrawal fees are not refunded and the entire average
daily balance in the account earns a dividend rate of 0.05% resulting in a noncompounding APY of 0.05%. Dividends will be credited to your Kasasa Cash account
on the last day of the current statement cycle.

* Dividends in Kasasa Cash do not compound because it is automatically transferred
to the Kasasa Saver account within one day. Note: Automatic transfer may cause an
overdraft to your Kasasa Cash account, if the account’s balance is less than the
transferred amount when transfer occurs.

APY = Annual Percentage Yield. APY calculations are based on an assumed balance of
$10,000.00 + $100,000 in your Kasasa Cash account and $25,000.00 + $100,000 in your
Kasasa Saver account and an assumed statement cycle of thirty-one (31) days. Rates,
rewards, and bonuses, if any, are variable and may change after account is opened
without notice to you. No minimum balance is required to earn or receive the account’s
rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. You
will automatically qualify for the account’s rewards during your account’s first statement
cycle. If the account is closed before rewards are credited, you will forfeit the rewards.

Reward Distribution:

Kasasa Cash Back When Linked To Kasasa Saver: The cash back payments and
nationwide ATM withdrawal fee reimbursements earned in your Kasasa Cash Back
account will be credited to your Kasasa Saver account on first processing day of the
following statement cycle.

Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and
other requirements apply. Qualifications and rewards may vary by account. Minimum
deposit is $100.00 is required to open Kasasa Saver. Enrollment in online banking and eStatements are conditions of Monthly Kasasa Saver’s linked Kasasa Cash, Kasasa Cash
Back or Kasasa Tunes account(s). See accompanying fee schedule for fees that may
apply to this account. Enrollment in electronic services (e.g. online banking, estatements) and log-ons may be required to meet some of Kasasa Saver’s linked Kasasa
Cash, Kasasa Cash Back or Kasasa Tunes account(s). Limit of 1 accounts per Primary
Members. There are no recurring monthly maintenance charges or fees to open or close
this account. This account is not to be used for commercial purposes. If the account is
closed, you will forfeit any rewards that have not been credited to your account. If, for
whatever reason the Kasasa Saver portion of your account is closed, your account will
automatically be converted to the associated standalone Kasasa Cash, Kasasa Cash Back
or Kasasa Tunes account and that account’s terms and conditions articulated within their
specific disclosure will apply.

Linked Accounts: You must have a linked Kasasa Cash, a linked Kasasa Cash Back, or
a linked Kasasa Tunes account in order to open a Kasasa Saver account, and the linked
Kasasa Cash, Kasasa Cash Back or Kasasa Tunes account must remain open throughout
the period that you hold the Kasasa Saver account. A linked Kasasa Saver account is
required for automatic savings.

Contact one of our credit union service representatives for additional information, details,
restrictions, reward calculations, processing limitations, cycle dates and enrollment
instructions. Federally insured by NCUA. Your account is insured to at least $250,000.
Kasasa, Kasasa Cash, Kasasa Cash Back, Kasasa Tunes and Kasasa Saver are trademarks of Kasasa, Ltd., registered in the U.S.A.