ANCU Bond & Payroll Savings

 

 

The Anishinabek Nation Bond was introduced in 2002 and Payroll savings just last year for employees who like to have access to their monies.

The Anishinabek Nation Bond reflects the fact that deposits with the Anishinabek Nation Credit Union are put to work within our communities, helping individuals with their borrowing needs. Convenient payroll deductions are available or auto withdrawal set up on personal accounts. The interest rates and term length are determined each year, just prior to going on sale. Rates escalate each year throughout the term. All bonds will be compounding interest.

This new savings account is an alternative to the ANCU Bond. Some members’ need access to their savings, and by payroll deduction, they still have the same convenience & security offered by the Bond and members have the option to access their funds without penalty and still receive some interest on the deposit. This is account is unique, because interest is earned daily and paid on month end with a higher interest rate than other financial institutions. Our rate will be guaranteed for one year.  This product is available year round.

We look forward to building on the success these uniquely Anishinabek deposit products available between November 1 and April 1 of the following year for the Bonds and the payroll savings account being offered year round.

In order to take advantage of this offer, individuals must become members of the credit union, if they are not yet members. Payroll deductions may begin at any time between November 1 and April 1 of the following year. All bonds purchased via payroll deductions must be fully paid for by October 31 of each year, so the earlier that individuals begin their deductions, the more they will be able to save.

For rates 

  

Bond Application

Payroll Savings Application

Privacy & Consent Form