Skip to main content

UMass Amherst Branch Closed May 20, 2022. Please note our UMass Amherst campus branch will be closed for the remainder of the week. Members are welcome to visit our Hadley Branch for any of your banking needs, and are encouraged to schedule an appointment in advance. As always, our online and mobile banking services remain available for your convenience, which includes the ability to deposit checks using our mobile banking app.

IRA Savings


Give your retirement a head start

Saving for your retirement is important, and we've got options to fit your goals.

Hero Image Full

Traditional IRA Retirement Savings Accounts

With Traditional IRA accounts, your earnings (dividends) are tax-deferred and your contributions are often tax-deductible (consult your tax professional to see if you are eligible).

Roth IRA Retirement Savings Accounts

With Roth IRA accounts, your contributions are made after tax, and those contributions will be tax-free when withdrawn from retirement. Your earnings (dividends) are tax-deferred and may be tax-free when withdrawn after five years and a qualifying event, such as turning 59 ½. Regular contributions may be withdrawn tax-free at any time.

IRA Savings Rates

Get the same great rates whether you choose a Traditional or Roth IRA account:

Product Minimum Balance Dividend Rate Annual Percentage Yield
IRA Share Account No Minimum Balance 0.03% 0.03%
90 Days Fixed Over $500 0.03% 0.03%
6 Month Fixed Over $500 0.10% 0.10%
9 Month Fixed Over $500 0.15% 0.15%
12 Month Fixed Over $500 0.20% 0.20%
15 Month Fixed Over $500 0.20% 0.20%
18 Month Fixed Over $500 0.25% 0.25%
22 Month Fixed Over $500 0.25% 0.25%
24 Month Fixed Over $500 0.30% 0.30%
29 Month Fixed Over $500 0.35% 0.35%
36 Month Fixed Over $500 0.40% 0.40%
48 Month Fixed Over $500 0.50% 0.50%
60 Month Fixed Over $500 0.60% 0.60%
Rates subject to change at any time. Rates effective as of April 1, 2022.

For disclosures and additional details visit here.