Individual Retirement Account (IRA)

Regardless of your current employer retirement plans, an IRA can offer additional retirement security for eligible members.  Both Traditional and Roth IRAs are available in a Savings or Certificate option, with MEFCU representatives ready to help explain your options.

Deposits for any tax year may be made until April 15th of the following year, and can be set up through payroll deduction.  As with any MEFCU deposit account, IRA deposits are insured up to $500,000.

Take a step toward freedom during retirement today!

Rates


IRAs/ESAs107/20/2018
Dividend Rate Annual Percentage Yield
IRA/ESA savings .40% .40%
1The rate is accurate as of specified date. Variable rate may change after account is open.

Certificates107/20/2018
3 months Dividend Rate Annual Percentage Yield
$1,000 - $9,999.99 .40% .40%
$10,000 - $24,999.99 .45% .45%
$25,000 - $49,999.99 .50% .50%
$50,000 - $99,999.99 .50% .50%
$100,000 + .55% .55%
6 months    
$1,000 - $9,999.99 .60% .60%
$10,000 - $24,999.99 .65% .65%
$25,000 - $49,999.99 .70% .70%
$50,000 - $99,999.99 .70% .70%
$100,000 + .75% .75%
1 year    
$1,000 - $9,999.99 .95% .95%
$10,000 - $24,999.99 1.00% 1.00%
$25,000 - $49,999.99 1.05% 1.05%
$50,000 - $99,999.99 1.05% 1.05%
$100,000 + 1.10% 1.11%
2 years    
$1,000 - $9,999.99 1.19% 1.19%
$10,000 - $24,999.99 1.24% 1.25%
$25,000 - $49,999.99 1.29% 1.30%
$50,000 - $99,999.99 1.29% 1.30%
$100,000 + 1.34% 1.35%
3 years    
$1,000 - $9,999.99 1.44% 1.45%
$10,000 - $24,999.99 1.49% 1.50%
$25,000 - $49,999.99 1.54% 1.55%
$50,000 - $99,999.99 1.54% 1.55%
$100,000 + 1.59% 1.60%
4 years    
$1,000 + 1.74% 1.75%
5 years    
$1,000 + 1.99% 2.01%
Youth Savings*    
$100 + 4.43% 4.50%
Teen Savings*    
$100 + 5.39% 5.50%
1Minimum opening balance is $1,000. A penalty may be imposed for early withdrawal. Rates are accurate as of specified date and are subject to change. *Youth Savings and Teen Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $10,000 for the Youth Savings and $15,000 for the Teen Savings. The minimum additional deposit is $100. The Youth Savings matures on the childs 13th birthday. The Teen Savings matures on the teens 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.