Traditional IRA
Earn now, pay later. A Traditional IRA is an individual retirement account. Contributions may be tax-deductible and grow on a tax-deferred basis while you earn dividends like a certificate with fixed terms of 6-36 months.
- Open with $100 minimum deposit
- Contributions may be tax deductible
- Earnings are tax-deferred
- Up to 1.75% APY with dividends paid monthly
- Automatic renewal at maturity
Roth IRA
Pay now, save later. A Roth IRA is an individual retirement account. Fewer age restrictions allow you to keep contributing so your account can continue to grow with tax-free earnings and distributions.
- Earnings and distributions are tax-free
- No age limit on contributions
- No required distribution at age 72
- Up to 1.75% APY with dividends paid monthly
- Automatic renewal at maturity
Please consult your tax advisor for possible tax benefits associated with a Members 1st Credit Union Traditional or Roth IRA.
Rates
Interest is paid at the end of the month to the certificate or to a savings/flex checking account.
*May be subject to penalty for early withdrawal
IRA Amounts
APY
IRA Amounts
0.45%
0.60%
0.70%
0.80%
0.85%
0.45%
0.60%
0.70%
0.80%
0.85%
0.50%
0.65%
0.75%
0.85%
0.90%
0.55%
0.70%
0.80%
0.90%
0.95%
Interest is paid at the end of the month to the certificate or to a savings/flex checking account.
*May be subject to penalty for early withdrawal
Earn a rate of 1.75% APY* for 15 months or 1.00% APY* for 7 months
Get this limited-time IRA rate.Offer available for a limited time and subject to change. $100 minimum deposit. Penalty imposed for early withdrawal.
How to Open an IRA
- Visit your nearest branch to open your IRA
- Choose your desired term and APY
- Deposit money to fund your IRA
- Download the mobile app to track your savings progress