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Savings
Whether you're saving for a new home, car, or any other goals, Aurora Schools Credit Union has a savings solution to help you reach your goals. All accounts are federally insured through NCUA for up to $250,000. Deposits are safe and secure at Aurora Schools Credit Union.
Share Savings Accounts
Saving at Aurora Schools Federal Credit Union means higher rates, security and begins your lifelong membership. Your share savings account is your primary account requiring a low $25 minimum deposit and a $10 membership fee. This account establishes your ownership and makes you eligible to take advantage of all the products that ASFCU offers. Start saving today and experience the benefits of credit union membership.
Holiday Club Accounts
If you find yourself wondering what happened to your budget after the holidays and you want to avoid high interest on credit card bills, then consider putting your holiday spending money into ASFCU's Holiday Club Account. You will earn a competitive interest rate and will be prepared for year-end gift giving.
Name-Your-Own Savings Accounts
To make saving for different goals easier, we have an additional savings account that you can name whatever you want. Call it "College Savings", or "Buying a Car", or any other name that makes sense to you. This account earns the same rate as our Share Savings Account and it's easy to transfer money online.
Youth Savings
At ASFCU, we want to meet the banking needs of your entire family, including your children. Whether they're newborn or graduating high school ASFCU has a student account to grow with their needs.
SMARTY Kids Club Savings
SMARTY, our Kids’ Savings Club mascot is proud to announce his Kids’ Savings Account. SMARTY’s Club Account is open to all kids between the ages of 0 – 12. An initial $5 deposit is all that is needed to start this account. It’s a great way to watch the money grow as the child grows. As a savings incentive, each time a deposit is made, the child will choose a Smarty Kid Club prize. SMARTY kids really are smarter, because they receive Report Card Rewards for earning good grades. Students K-12 can turn in their report cards each grading period to earn money for good grades. Our Report Card Rewards program pays $2 for each A (or the top grade available) and $1 for each B (or second highest grade available). Students can earn up to $15 per grading term. Rewards are posted for the current grading period, we will not post rewards for prior grading terms.
Teen Club Savings Accounts
For Teens, saving is especially important, our Teen Club Account is open to all teens between the ages of 13 - 18. An initial $5 deposit is all that is needed to start this account. Parents can transfer allowance online, and Teens can start managing their own money with your parental guidance. Students K-12 can turn in their report cards each grading period to earn money for good grades. Our Report Card Rewards program pays $2 for each A (or the top grade available) and $1 for each B (or second highest grade available). Students can earn up to $15 per grading term. Rewards are posted for the current grading period, we will not post rewards for prior grading terms.
Money Market Accounts
If investing is on your mind, our tiered money market accounts are worth checking out. These accounts are tiered into three levels: $1,000, $10,000 and $25,000+. You may make deposits into these accounts as often as you wish. Interest is paid monthly giving you greater earning potential, while offering you the flexibility of 6 pre-authorized drafts per month. Your funds are federally insured and these accounts do not have a maturity date.
Certificates of Deposit
Lock-in a competitive rate for a fixed period of time!
Share Certificate Accounts
This term-based account pays higher rates of interest for a fixed period of time. With terms from 3 months to 5 years and a low minimum opening balance of $500, this account is perfect for members who want to earn more interest and don't need immediate access to their funds. You may also build your savings with our Add-on Certificate with as little as $100. Whether you are saving for something or just want to earn higher rates, this account allows you to lock in a competitive rate and start saving today.
IRAs
Individual Retirement Accounts (IRAs)
Aurora Schools Federal Credit Union wants to help you prepare for a secure future. The credit union offers Traditional, Roth and Coverdell IRA Savings Accounts to meet your individual needs. IRAs are available for retirement and educational savings. With the help of our outstanding interest rates, it's never too late to begin thinking about your financial future.
Traditional IRA
Create a balanced, long-term savings plan. Contributions are deducted from your taxable income. You can reduce the amount of taxes you pay each year.
Roth IRA
Build a flexible retirement plan. Contributions are not deductible, but your earnings and distributions are tax-free. In some cases you can even use the funds for college or your first home purchase.
Coverdell Education Savings Account
Start planning your child's future today! This is a tax advantage savings account to cover your child's education expenses.
To open your IRA account, please come by the credit union office, or contact one of our IRA Specialists for more details at: 303-360-0987.
