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:

Nationwide Only
Latino Credit UnionIRA Share Account (Traditional, Roth, SEP)2 Reviews
3.05%
$25-$762
Communitywide FCUIRA - Quarterly (Traditional, Roth)4 Reviews
2.30%*
--$575
All America BankVariable IRA (Traditional, Roth)22 Reviews
2.25%
$100-$562
Self-Help FCUIRA Account (Traditional, Roth)2 Reviews
2.12%
$100-$530
Self-Help Credit UnionIRA Savings (Traditional, Roth)9 Reviews
2.12%
--$530
Alliant Credit UnionIRA Savings (Traditional, Roth, SEP)46 Reviews
2.10%
$100-$525
First Internet BankMoney Market IRA (Traditional, Roth)18 Reviews
2.02%
--$505
Bethpage FCUIRA Money Market9 Reviews
2.00%*
$1-$500
Signature FCUIRA Savings (Traditional, Roth, CESA)7 Reviews
2.00%
--$500
Ally BankIRA Online Savings Account (Traditional, Roth, SEP)698 Reviews
1.90%*
--$475
Spectrum Credit UnionMarketEdge IRA
1.85%*
$2.5k-$463
Digital FCU (DCU)Money Market IRA Account (Traditional, Roth, CESA, SEP, SIMPLE)35 Reviews
1.66%*
$25k-$415
Northpointe BankIRA - Ultimate Money Market36 Reviews
1.50%*
$25k$1m$375
Xceed Financial FCUXclusive IRA Money Market - New Money (Traditional, Roth, CESA)16 Reviews
1.50%*
$25k-$375
1.43%
$25k-$358
Wings Financial Credit UnionHigh Yield IRA (Traditional, Roth, CESA)35 Reviews
1.26%*
$10k-$315
U S Postal Service FCURegular IRA Savings (Traditional, Roth, CESA)7 Reviews
1.25%
--$312
Synchrony BankIRA Money Market Account (Traditional, Roth)314 Reviews
1.20%*
--$300
TIAA BankBasic Savings IRA (Traditional, Roth)20 Reviews
1.10%
--$275
Michigan State University FCUIRA Insured Money Management Account (Traditional, Roth, CESA, SEP)8 Reviews
1.10%*
$25k-$275
Premier America Credit UnionIRA Money Market Savings (Traditional, Roth)12 Reviews
1.05%*
$25k-$262
State Farm BankIRA Money Market (Traditional, Roth)31 Reviews
1.01%*
$5k$5m$252
Hughes FCUROTH IRA
1.01%
$100-$252
MAC FCUConverted Roth IRA Savings3 Reviews
1.00%
--$250
1.00%*
$25k-$250
Capital OneIRA Savings (Traditional, Roth)408 Reviews
1.00%
--$250
Hanscom FCUIRA Money Market (Traditional, Roth)6 Reviews
0.95%*
$25k-$238
Associated Credit UnionIRA Money Market Accounts5 Reviews
0.90%*
$10k-$225
Principal BankMoney Market IRA (Traditional, Roth)
0.90%*
$25k-$225
United States Senate FCUIRA Saving Account (Traditional, Roth, SEP)9 Reviews
0.86%
$5-$215
Garden Savings FCUIRA Accumulator (Traditional, Roth, CESA)3 Reviews
0.80%*
--$200
Lake Michigan Credit UnionIRA Money Market Savings (Traditional, Roth, SEP)63 Reviews
0.80%
--$200
Northrop Grumman FCUMoney Market IRA (Traditional, Roth, CESA)3 Reviews
0.80%
$2.5k-$200
State Department FCUIRA Share (Traditional, Roth)7 Reviews
0.75%
--$188
Connexus Credit UnionIRA Supreme Account (Traditional, Roth, CESA)43 Reviews
0.75%*
$10k-$188
Capital Educators FCUIRA Savings (59 1/2) Roth4 Reviews
0.75%
$10-$188
Ohio University Credit UnionIRA Money Max Savings (Traditional, Roth)2 Reviews
0.60%*
--$150
Pen Air FCUIRA Savings (Traditional, Roth)13 Reviews
0.60%*
$25k-$150
AndigoIRA Market (Traditional, Roth, CESA)4 Reviews
0.57%*
$25k-$142

Displaying 1-40 of 124 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 [email protected] 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.