Opening an Account

Savings Account

Certificates of Deposit

IRA's

Deposit Accounts

Opening an Account

When you open an account at Ashoka Credit Union, you get more than just a safe place to invest your money and a market rate of return – you're supporting Ashoka Credit Union's community development too. When you or your organization set up an account, we are able to provide more loans to meditators, their families, business, and nonprofit organizations.

Accounts are open to all members of the Shambhala Buddhist Community and Ashoka Credit Union's affiliate nonprofit organizations. Ashoka Credit Union Members share a commitment to community development and wealth-building for contemplative people.

Each separately-named deposit is insured to $100,000 (and higher for IRA accounts) by NCUA, Federal Deposit Insurance Agency.

Rates and terms subject to change without notice - please call before mailing your deposit!

Share Savings Accounts *

• No minimum balance
• Good place for rainy day cash
• Draw on these funds quickly without penalty

Share Savings Interest Rates

Minimum To Open	Minimum Term	Current APR* as paid 6/30/08	APY as paid 6/30/08	Activity
No minimum	No limit on deposit frequency	1.0 %	1.01 %	Up to 3 free withdrawals per month. Great for your automatic savings deposits.

Certificate of Deposit (CD)

• $2,500 minimum investment
• Add to the CD principal any time before maturity by mailing in a new deposit or transferring funds from an Ashoka Credit Union savings account
• $50,000 maximum per new depositor

Certificate of Deposit (CD) Guaranteed Interest Rates

Minimum Deposit	Minimum Term	Annual % Rate	Compounded Annual % Yield	Penalty for Early Withdrawal
$5,000 Min $50,000 Max	6 months 6 months	2.25 % 2.25 %	2.27 % 2.27 %	30 days interest 30 days interest
$2,500 Min $50,000 Max	12 months 12 months	2.50 % 2.50 %	2.53 % 2.53 %	60 days interest 60 days interest
$2,500 Min $50,000 Max	18 months 18 months	3.00 % 3.00 %	3.04 % 3.04 %	90 days interest 90 days interest
$2,500 Min $50,000 Max	24 months 24 months	3.25 % 3.25 %	3.30 % 3.30 %	90 days interest 90 days interest
$2,500 Min $50,000 Max	36 months 36 months	3.50 % 3.50 %	3.56 % 3.56 %	90 days interest 90 days interest
$5,000 Min $50,000 Max	48 months 48 months	3.75 % 3.75 %	3.81 % 3.81 %	90 days interest 90 days interest
$5,000 Min $50,000 Max	60 months 60 months	4.00 % 4.00 %	4.07 % 4.07 %	90 days interest 90 days interest

IRA Accounts *

Build your nest egg in your IRA !

• Automatic transfers available
• Traditional IRA
• Roth IRA
• Self-Employed Person's (SEP) IRA
• Plan for retirement
• Bankruptcy Proof!

IRA Interest Rates (Rates are Adjustable)

Minimum To Open	Minimum Term	Current APR	APY	Penalty for Early Withdrawal
$500 Min $50,000 Max	24 months	4.00 %	4.07 %	Annual maintenance fee. Early withdrawal penalty is 365 days interest, AND additional IRS penalties may apply.

Invest and grow with the Shambhala Sangha!