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IRA Savings Accounts

IRA savings accounts provide a means of saving for retirement without having funds locked up for a set amount of time. Use the filter box below to customize your results.

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Deposit Amount | $1 $100,000
Currently Including:
109
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Connexus Credit UnionIRA Supreme Account w/Active Checking14 Reviews1.50%$10k-$375
DETAILS
PortAlliance Credit UnionIRA Account1.49%$20k-$372
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Valley Industrial Credit UnionIRA Savings Account1.46%--$365
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The Blue Grass Valley BankIndividual Retirement Account1.15%$100-$288
DETAILS
Central Virginia Credit UnionRoth IRA Account1.01%--$252
DETAILS
Beacon Credit UnionIRA1 Review0.95%--$238
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CIT BankIRA Savings Account47 Reviews0.95%$25k-$238
DETAILS
Virginia Heritage BankIRA Savings Account0.90%--$225
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Ally BankIRA Online Savings Account114 Reviews0.87%--$217
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Vantage Point Credit UnionIRA Shares0.85%$5k-$213
DETAILS
Cattaraugus County BankIndividual Retirement Account0.75%$100-$188
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Capital One 360IRA Savings12 Reviews0.75%--$188
DETAILS
Capital Educators Federal Credit UnionIRA Savings (59 1/2) Traditional0.75%--$188
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Piedmont Credit UnionIRA Share Account0.75%$50-$188
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HEW Credit UnionIRA Variable Rate Share7 Reviews0.75%$3,500-$188
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Communitywide Credit UnionI.R.A.Savings0.70%$2k-$175
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Alliant Credit UnionIRA Savings13 Reviews0.70%--$175
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Patelco Credit UnionTreasury IRA5 Reviews0.65%$25k-$163
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Call Credit UnionIRA Account0.60%--$150
DETAILS
North Country Savings BankIRA Advantage2 Reviews0.60%$25k-$150
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Lake Michigan Credit UnionRoth IRA Shares35 Reviews0.60%--$150
DETAILS
Self-Help Credit UnionIRA Savings3 Reviews0.55%--$138
DETAILS
Bank of the JamesCommunity Market IRA0.50%--$125
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Salem Va Medical Center Credit UnionIRA Account0.50%--$125
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NARFE Premier Federal Credit UnionIRA Savings0.50%--$125
DETAILS
Logix Federal Credit UnionIRA Savings2 Reviews0.50%$25k-$125
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State Department Federal Credit UnionIRA Share4 Reviews0.50%--$125
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Melrose Credit UnionIRA Share Account15 Reviews0.50%--$125
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Fort Lee Credit UnionIRA Share Account0.50%$300-$125
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Peoples Advantage Credit UnionIRA Share Accounts 0.50%$1k-$125
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Northwest Federal Credit UnionShare IRA9 Reviews0.50%--$125
DETAILS
Village Bank (VA)IRA Savings0.45%$100-$113
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Money One Federal Credit UnionIRA Savings Account3 Reviews0.45%$20k-$113
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TD Bank, National AssociationTD Relationship Savings IRA-With Linked Account35 Reviews0.45%$25k-$113
DETAILS
Chartway Federal Credit UnionIRA Share9 Reviews0.40%$100-$100
DETAILS
University Of Va Community Credit UnionRoth IRA0.40%$100-$100
DETAILS
Appalachian Community Credit UnionIRA Share0.35%--$87.50
DETAILS
Bank @LANTECRoth IRA1 Review0.35%$25-$87.50
DETAILS
Pen Air Credit UnionIRA Savings2 Reviews0.34%$25k-$85.00
DETAILS
Andrews Federal Credit UnionIRA Savings9 Reviews0.31%$100-$77.50
DETAILS

Displaying 1-40 of 109 Results



IRA Savings Accounts Trend

IRA Savings Accounts

What is an IRA?

One way to explain an IRA Savings Account is that it is a tax-deferred retirement investment vehicles that grow savings over time while keeping deposited funds fairly liquid and free. Banks and credit unions usually offer interest rates on these accounts that are very comparable to the rates offered on their savings accounts – some of which are high yield rates. The most common types of IRAs are the Traditional IRA and the Roth IRA, as you can see in the rate table above. When you decide to open an account, at most financial institutions you will have to select either the Traditional or Roth option.

The Traditional IRA

Traditional IRAs protect your earnings (called dividends by most credit unions) from taxes until they are withdrawn, as opposed to earnings from a non-IRA savings account that you must report to the IRS on a 1099-INT. Contributions up to a certain limit, which differs from year to year, are tax deductible in a Traditional IRA for the year in which they are made.

The Roth IRA

Roth IRA contributions cannot be deducted, on the other hand. Withdrawals (or distributions) are what give the Roth an advantage, though, as you can take a tax-free distribution for any reason after 5 years from the date of your first contribution. There are even several exceptions to the 5-year period that allow for tax-free distributions, including reaching the age of 59½, becoming disabled, or making a first-time home purchase. Unlike the Traditional IRA, the Roth version does not require distributions based on age. The Roth IRA is probably most similar to a standard savings account after 5 years, as you are able to deposit and withdraw in a similar fashion (usually 6 withdrawals a month).

Within those IRA options, banks and credit unions sometimes offer various features when it comes to the interest rate attached to the account, such as variable, fixed, and step-up rate features. Most interest rates are calculated daily and paid monthly.

An IRA Savings Account could be useful if you are moving earnings out of another IRA investment, such as an IRA CD. By moving earnings from an IRA CD that has reached maturity into an IRA Savings Account, you can avoid paying taxes on earnings. If and when you decide to open an IRA Savings Account, make sure there are no fees associated with account management. Also, remember to assign a beneficiary to the account.