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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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Deposit Amount
$1 $100,000

107 Results


Nationwide Only
Self-Help FCUIRA Account
1.06%
$100-$265
Self-Help Credit UnionIRA Savings (Traditional, Roth, CESA)6 Reviews
1.06%
$100-$265
Ally BankIRA Online Savings Account (Traditional, Roth, SEP)329 Reviews
1.00%*
--$250
1.00%
--$250
1.00%
$100-$250
Garden Savings FCUIRA Accumulator
0.80%*
--$200
0.80%
--$200
Credit Union of AmericaFlexible IRA (Roth, CESA)
0.75%*
$10k-$188
Cattaraugus County BankIndividual Retirement Account1 Review
0.75%
$100-$188
Capital One 360IRA Savings (Traditional, Roth)191 Reviews
0.75%
--$188
Capital Educators FCUIRA Savings (59 1/2) Traditional1 Review
0.75%
--$188
Latino Credit UnionIRA Share Account
0.75%
$25-$188
Connexus Credit UnionIRA Supreme Accounts (Traditional, Roth, CESA)22 Reviews
0.75%*
$10k-$188
0.70%*
$2k-$175
Coastal FCUIRA Savings Account (Traditional, Roth, SEP)3 Reviews
0.65%
--$163
0.60%*
$25k-$150
Industrial FCUIRA Savings (Traditional, Roth)
0.60%
--$150
Hughes FCUContributory IRA
0.55%
$100-$138
0.50%
--$125
0.50%
--$125
Melrose Credit UnionIRA Share Account (Traditional, Roth)18 Reviews
0.50%
--$125
Signal Financial FCUIRA Share Account
0.50%
$2k-$125
0.50%
--$125
0.45%
--$113
Evansville Teachers FCUIRA Share Account (Traditional, Roth)1 Review
0.41%
$500-$102
0.40%
$100-$100
Northpointe BankLiquid IRA Account7 Reviews
0.40%*
$25k-$100
TruStone Financial Credit UnionTraditional IRA (Traditional, Roth)4 Reviews
0.40%
--$100
0.35%
--$87.50
0.35%
$100-$87.50
A+ FCUStartUP IRA1 Review
0.35%*
--$87.50
Service Credit UnionTraditional IRA Account (Traditional, Roth, CESA)13 Reviews
0.35%
$50-$87.50
0.34%*
$25k-$85.00
La Capitol FCUIRA Floating Rate Account2 Reviews
0.30%
--$75.00
Quorum FCUIRA Savings (Traditional, Roth)3 Reviews
0.30%*
$25k-$75.00
0.30%
$25-$75.00
0.30%*
$10k-$75.00
Alabama Credit UnionIRA Savings Account (Roth, CESA)
0.26%
--$65.00
Chevron FCUAccumulative IRA (Traditional, Roth)3 Reviews
0.25%
$25-$62.50
Michigan Community Credit UnionIndividual Retirement Accounts2 Reviews
0.25%
--$62.50

Displaying 1-40 of 107 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.




The rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products 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 data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY 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.