Investments

IRA Passbook

Share Certificate

IRA Share Certificate

Minimum Balance$100$1,000$1,000
Dividends QuarterlyMonthlyMonthly
Payroll Deduction/
Share Transfer Deposit


Dividends Transferrable


Term Length3 Months to 5 Years3 Months to 5 Years
Accumulated Balance Rate Increase


INDIVIDUAL RETIREMENT ACCOUNT

Prepare for your retirement years with an ASI IRA that earns higher yields on higher balances. Our IRAs offer eight different balance tiers, beginning with our IRA Passbook Account, which requires only $100 to open. From $200 to $200,000, let us help you select the retirement savings product that is the best fit for you. IRA certificates are secure, and depending on your income, tax filing status, and age, your yearly IRA contributions may be fully or partially tax deductible. ASI is your one-stop IRA center, offering a complete range of products:

  • Traditional IRAs provide a tax-deferred source of income
  • Roth IRAs pay your taxes up front, allowing added flexibility in retirement
  • All retirement accounts insured up to $250,000 by the National Credit Union Share Insurance Fund.
  • If you need to rollover IRA funds from a previous employer or transfer IRA funds from another financial institution, ASI can help. ASI allows you to move your funds to us easily and without a fee.

*$1,000 minimum deposit for IRA Share Certificate or Money Master Account

SHARE CERTIFICATES

Enjoy higher yields for the term of your choice, from three months to five years. A minimum deposit of $1,000 gets you started. This option may work for you if you will not need immediate access to your funds for a period of time. Because you agree to keep your money with us for a specified period of time, you earn a higher dividend rate from ASI. We provide tiered rates for higher balances. Early withdrawal penalties may apply if you need to withdraw your money before your deposit term matures (Terms of 3 months to 5 years available).

HEALTH SAVINGS ACCOUNTS

A Health Savings Account, known as an HSA, is an account allowing the account holder to save money for health care costs.Funds can be used to pay for qualified medical expenses such as doctor visits, prescription drugs, and qualified long-term care insurance. This account also offers tax advantages to the account holder. Members are eligible if they are covered under a High Deductible Health Care Plan and are not covered under another type of health care plan, if they are not enrolled in Medicare, and if they cannot be claimed as a dependent on another personís tax return. ASI does not provide tax advice; your tax advisor can recommend whether this particular account may be of benefit to you.


   

 

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