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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 at least $250,000 (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 *

  • Member Share Deposit minimum $20.00
  • 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 12/31/12
APY
as paid 12/31/12
Activity
$20 minimum No limit on
deposit
frequency
0.250 %
0.250 %
3 free withdrawals per month. Great for your automatic savings deposits.
* Variable dividends quarterly, from Ashoka C.U. earnings on loans within your sangha community.

Certificate of Deposit (CD)

Certificate of Deposit with Guaranteed Interest Rates*   (as of 3/1/13)
            *Certificates of Deposit are not available for IRA funds.

Minimum
Deposit
Minimum
Term
Annual % Rate Compounded
Annual %
Yield
Penalty
for Early Withdrawal

may reduce principal
$2,000 Min
$10,000 Max
12 months
12 months
0.750 %
0.750 %
0.753 %
0.753 %
60 days interest
60 days interest
$2,000 Min
$50,000 Max
24 months
24 months
1.000 %
1.000 %
1.005 %
1.005 %
150 days interest
150 days interest
$2,000 Min
$75,000 Max
36 months
36 months
1.250 %
1.250 %
1.258 %
1.258 %
200 days interest
200 days interest
$2,000 Min
$100,000 Max
48 months
48 months
1.500 %
1.500 %
1.511 %
1.511 %
300 days interest
300 days interest
$2,000 Min
$150,000 Max
60 months
60 months
1.650 %
1.650 %
1.664 %
1.664 %
400 days interest
400 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
as paid 12/31/12
APY Penalty for Early Withdrawal
may reduce principal
$250 24 months
1.750 %
1.765 %
Rates are reset each month

Annual Service Fee $35.

Early withdrawal penalty may be 18 days interest,

AND additional IRS penalties may apply.

**Variable dividends monthly, from Ashoka Credit Union earnings on loans within your sangha community. Deposits insured by NCUA, US Government agency. Coverage: At least $250,00 per separately named account. Rates and terms subject to change without notice - please call before mailing your deposit!

 

Invest and grow with your Shambhala Sangha!

 

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