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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, or click here to learn more about the primary types of IRA Savings Accounts.

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Include credit unions with membership based on any industries that you or immediate family members currently or have previously worked in:

135 Results

Nationwide Only
Apple FCUCoverdell Education Savings22 Reviews
4.00%
--$1,000
Ally BankIRA Online Savings Account (Traditional, Roth, SEP)659 Reviews
1.60%*
--$400
Self-Help FCUIRA Account (Traditional, Roth)2 Reviews
1.56%
$100-$390
Self-Help Credit UnionIRA Savings (Traditional, Roth)9 Reviews
1.56%
--$390
EverBankYield Pledge Money Market IRA - First Time Client (1st Yr) (Traditional, Roth)70 Reviews
1.50%*
-$250k$375
Alliant Credit UnionCoverdell ESA Savings42 Reviews
1.50%
$100-$375
Bethpage FCUIRA Money Market8 Reviews
1.50%*
--$375
Communitywide FCUIRA Savings (Traditional, Roth)5 Reviews
1.50%*
$2k-$375
U S Postal Service FCURegular IRA Savings - Relationship Rewards (Traditional, Roth, CESA)5 Reviews
1.41%
--$352
Spectrum Credit UnionMarketEdge IRA
1.40%*
$2,500-$350
First Internet BankMoney Market IRA (Traditional, Roth)15 Reviews
1.26%*
--$315
Latino Credit UnionIRA Share Account (Traditional, Roth, SEP)
1.16%
$25-$290
Synchrony BankIRA Money Market Account285 Reviews
1.05%*
--$262
nbkc bankIRA Savings (Traditional, Roth)
1.01%*
-$1m$252
Wings Financial Credit UnionHigh Yield IRA (Traditional, Roth, CESA)34 Reviews
1.00%*
$10k-$250
Capital OneIRA Savings (Traditional, Roth)380 Reviews
1.00%
--$250
Signature FCUIRA Savings (Traditional, Roth, CESA)5 Reviews
0.95%
--$238
Digital FCU (DCU)Money Market IRA Account (Traditional, Roth, CESA, SEP, SIMPLE)24 Reviews
0.95%*
$25k-$238
Union Bank (San Francisco, CA)Retirement Income IRA (Traditional, Roth, CESA)21 Reviews
0.91%
$25k-$228
Garden Savings FCUIRA Accumulator (Traditional, Roth, CESA)
0.80%*
--$200
Hanscom FCUIRA Money Market (Traditional, Roth)3 Reviews
0.80%*
$25k-$200
Lake Michigan Credit UnionIRA Money Market Savings62 Reviews
0.80%
--$200
Credit Union of AmericaFlexible IRA (Traditional, Roth, CESA)3 Reviews
0.75%*
$10k-$188
Connexus Credit UnionIRA Supreme Accounts (Traditional, Roth, CESA)28 Reviews
0.75%*
$10k-$188
Associated Credit UnionIRA Money Market Accounts5 Reviews
0.65%*
$10k-$163
US BankRetirement Money Market Savings - Bonus Rate96 Reviews
0.60%*
$5k-$150
Service Credit UnionIRA Account (Traditional, Roth, CESA)20 Reviews
0.60%
$50-$150
North Country Savings BankIRA Advantage (Traditional, Roth)5 Reviews
0.60%*
$25k-$150
Industrial FCUIRA Savings (Traditional, Roth)
0.60%
--$150
Hughes FCUROTH IRA (Rollover)
0.60%
$100-$150
Northrop Grumman FCUMoney Market IRA (Traditional, Roth, CESA)3 Reviews
0.55%
$2,500-$138
Northwest FCUSavings IRA (Traditional, Roth, CESA)16 Reviews
0.55%
--$138
Premier Members Credit UnionIRA Money Market Account (Traditional, Roth)1 Review
0.50%*
-$50k$217
Greenwood Credit UnionDay-to-Day IRA (Traditional, Roth, CESA, SEP)9 Reviews
0.50%
$100-$125
Nationwide BankIRA Money Market (Traditional, Roth, CESA, SEP)173 Reviews
0.50%*
--$125
MTC FCUIRA Savings (Traditional, Roth)
0.50%
$250-$125
Pen Air FCUIRA Savings (Traditional, Roth)11 Reviews
0.50%*
$25k-$125
Melrose Credit UnionIRA Savings Account (Traditional, Roth)20 Reviews
0.50%
--$125
State Department FCUIRA Share (Traditional, Roth)6 Reviews
0.50%
--$125
Signal Financial FCUIRA Share Account
0.50%
$2k-$125

Displaying 1-40 of 135 Results


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.




* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.