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.

ALERT: Due to the recent, emergency interest rate cuts by the Fed, we're detecting a high volume of deposit rate changes by banks and credit unions. If you're unable to find an account, it may be hidden temporarily while it is being reviewed for accuracy. Read more here.
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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:

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Latino Credit UnionIRA Share Account (Traditional, Roth, SEP)3 Reviews
1.26%
$25-$315
Puerto Rico FCUIRA Club Savings Account2 Reviews
1.00%
$20-$250
Ally BankIRA Online Savings Account (Traditional, Roth, SEP)722 Reviews
1.00%*
--$250
0.80%
--$200
Premier America Credit UnionIRA Money Market Savings (Traditional, Roth)12 Reviews
0.80%*
$25k-$200
Capital OneIRA Savings (Traditional, Roth)435 Reviews
0.80%
--$200
Alliant Credit UnionIRA Savings (Traditional, Roth, SEP)50 Reviews
0.75%
$100-$188
Connexus Credit UnionIRA Supreme Account (Traditional, Roth, CESA)43 Reviews
0.75%*
$10k-$188
TIAA BankYield Pledge Money Market IRA - 1st Year Intro Rate (Traditional, Roth)23 Reviews
0.75%*
-$250k$188
Self-Help FCUIRA Account (Traditional, Roth)2 Reviews
0.70%
$100-$175
Self-Help Credit UnionIRA Savings (Traditional, Roth)9 Reviews
0.70%
--$175
State Department FCUIRA Share (Traditional, Roth)9 Reviews
0.65%
--$163
Wings Financial Credit UnionHigh Yield IRA (Traditional, Roth, CESA)36 Reviews
0.60%*
$10k-$150
Synchrony BankIRA Money Market Account (Traditional, Roth)335 Reviews
0.60%*
--$150
Northrop Grumman FCUMoney Market IRA (Traditional, Roth, CESA)3 Reviews
0.60%
$2.5k-$150
Greenwood Credit UnionDay-to-Day IRA (Traditional, Roth, CESA, SEP)17 Reviews
0.50%
$100-$125
Garden Savings FCUIRA Accumulator (Traditional, Roth, CESA)3 Reviews
0.50%*
--$125
Lafayette FCUIRA Savings (Traditional, Roth, CESA)4 Reviews
0.50%
--$125
Cadets FCUIRA Share Account
0.50%
$1k-$125
Superior Choice Credit UnionPassbook IRA (Traditional, Roth)9 Reviews
0.50%
--$125
Vision Financial FCURoth and CESA IRA Account (Roth, CESA)
0.45%
--$113
AFFCUTraditional IRA Savings1 Review
0.45%*
$25k-$113
Spectrum Credit UnionAccumulative IRA (Traditional, Roth)2 Reviews
0.40%
$25-$100
TruStone Financial Credit UnionIRA Shares (Traditional, Roth)9 Reviews
0.40%
--$100
American Heritage FCUPlatinum IRA Share (Traditional, Roth, CESA)3 Reviews
0.36%
$4k-$90.00
Patelco Credit UnionMoney Market Select IRA (Traditional, Roth, CESA)19 Reviews
0.35%*
-$50k$147
Susquehanna Community BankEagle Premium IRA Account w/ $25k New Money (Traditional, Roth, CESA)5 Reviews
0.35%*
$25k-$87.50
Bellco Credit UnionIRA Account (Traditional, Roth, CESA)13 Reviews
0.35%*
$10k-$87.50
0.35%*
$25k-$87.50
Northwest FCUSavings IRA (Traditional, Roth, CESA)17 Reviews
0.34%
--$85.00
Ideal Credit UnionIRA High Yield Money Market (Traditional, Roth)5 Reviews
0.30%*
$25k-$75.00
Affinity FCUIRA Money Manager (Traditional, Roth, CESA)9 Reviews
0.30%*
$20k-$75.00
Matadors Community Credit UnionIRA Savings (Traditional, Roth)1 Review
0.30%
$100-$75.00
MTC FCUIRA Savings (Traditional, Roth, CESA)
0.30%
$250-$75.00
Fort Bragg FCUIRA Share Account (Traditional, Roth, CESA)5 Reviews
0.30%
$500-$75.00
Ohio University Credit UnionIRA Money Max Savings (Traditional, Roth)2 Reviews
0.26%*
--$65.00
Alabama Credit UnionIRA Savings Account (Traditional, Roth, CESA)1 Review
0.26%
--$65.00
Premier Members Credit UnionIRA Money Market Account (Traditional, Roth)3 Reviews
0.25%*
-$100k$110

Displaying 1-40 of 115 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.