Rates and terms are subject to change without notice – please confirm before mailing your deposit!
Dividends are paid from Shambhala CU earnings on loans made within your community.
Deposit Accounts
When you open a savings account at Shambhala Credit Union, you get more than just a safe place to invest your money and a market rate of return – you’re supporting the Shambhala community’s development too. When you hold deposits here, we are able to provide more loans to meditators, their families, local businesses, and Shambhala Centers.
Each individual depositor is insured up to $250,000 (and higher for IRA accounts) by NCUSIF, the National Credit Union Share Insurance Fund. Administered by the NCUA, the National Credit Union Administration, the NCUSIF is backed by the “full faith and credit” of the U.S. Government.
Share Savings Accounts *
| Minimum To Open | Minimum Term | Current APR* as paid 1/31/22 | APY as paid 1/31/22 | Activity |
|---|---|---|---|---|
| $20 minimum | No limit on deposit frequency | 0.05% | 0.05% | 3 free withdrawals per month. Great for your automatic savings deposits. |
* Variable dividend paid quarterly
Certificate of Deposit (CD)
| Minimum Deposit | Minimum Term | Annual % Rate | Compounded Annual % Yield | Penalty for Early Withdrawal (may reduce principal) |
|---|---|---|---|---|
| $2,000 Min $10,000 Max | 12 months | 0.30% | 0.30% | 60 Days Interest |
| $2,000 Min $50,000 Max | 24 months | 0.40% | 0.40% | 150 Days Interest |
| $2,000 Min $75,000 Max | 36 months | 0.50% | 0.50% | 200 days Interest |
| $2,000 Min $100,000 Max | 48 months | 0.55% | 0.55% | 300 Days Interest |
| $2,000 Min $150,000 Max | 60 months | 0.65% | 0.65% | 400 Days Interest |
IRA Accounts **
Build your retirement nest egg!
- Traditional, Roth, and SEP IRAs
- Annual Service Fee of $35
- Bankruptcy Proof!
| Minimum To Open | Minimum Term | Current APR as paid 12/31/12 | APY | Penalty for Early Withdrawal (may reduce principal) |
|---|---|---|---|---|
| $250 | 24 months | 1.850% | 1.867% | Rates are reset each month Early withdrawal penalty may be 18 days interest, AND additional IRS penalties may apply. |
