You are viewing fixed rate ira rates across Massachusetts

Massachusetts Credit Union IRA CD Rates 2020

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

MA - January 17, 2020

Advertiser Disclosure
Credit UnionS APY Months MIN Miles?
2.43% 15 $1,000 -
Melrose
Restrictions
2.42% - $5,000 -
Rtn
Restrictions
2.36% 35 $50,000 -
American Airlines
Restrictions
2.33% - $1,000 -
Rtn
Restrictions
2.30% 35 $1,000 -
2.25% 14 $2,500 -
Rtn
Restrictions
2.20% 18 $50,000 -
Freedom
Restrictions
2.20% 24 $500 -
Usalliance
Restrictions
2.15% - $500 -
City Of Boston
Restrictions
2.15% 58 $500 -
Align
Restrictions
2.15% 19 $500 -
2.12% 50 $500 -
Mass Bay
Restrictions
2.10% 16 $500 -
Rtn
Restrictions
2.10% 18 $1,000 -
Millbury
Restrictions
2.10% 60 $200 -
Brotherhood
Restrictions
2.07% - $500 -
River Works
Restrictions
2.05% - $500 -
Metro
Restrictions
2.05% 24 $500 -
2.02% 13 $10,000 -
2.02% 35 $500 -
Naveo
Restrictions
2.02% 48 $500 -
Align
Restrictions
2.00% 5 $500 -
Mass Bay
Restrictions
2.00% 17 $500 -
Rockland
Restrictions
2.00% - $500 -
Service
Restrictions
2.00% - $1,000 -
Transportation
Restrictions
1.97% - $1,000 -
Digital
Restrictions
1.97% - $500 -
Leominster
Restrictions
1.95% - $1,000 -
Metro
Restrictions
1.95% 18 $500 -
1.92% 14 $500 -
Naveo
Restrictions
1.92% 20 $500 -
City Of Boston
Restrictions
1.90% 46 $500 -
Align
Restrictions
1.90% - $500 -
First Technology
Restrictions
1.90% - $500 -
Central One
Restrictions
1.90% - $1,000 -
Greylock
Restrictions
1.85% 25 $500 -
Metro
Restrictions
1.85% 12 $500 -
Naveo
Restrictions
1.82% 14 $500 -
1.81% 24 $500 -
Tremont
Restrictions
1.81% - $500 -
St. Jean's
Restrictions
1.80% - $500 -
First Citizens'
Restrictions
1.80% 9 $500 -
Workers
Restrictions
1.77% - $500 -
1.76% - $1,000 -
Quincy
Restrictions
1.76% - $1,000 -
Metro
Restrictions
1.75% 9 $500 -
Hanscom
Restrictions
1.75% - $500 -
St. Mary's
Restrictions
1.75% 15 $500 -
1.75% - $500 -
Ukrainian
Restrictions
1.75% - $500 -
Athol
Restrictions
1.75% 6 $500 -
1.71% 9 $500 -
City Of Boston
Restrictions
1.70% 34 $500 -
City Of Boston
Restrictions
1.60% 13 $500 -
First Priority
Restrictions
1.55% - $1,000 -
Webster First
Restrictions
1.51% - $100 -
Jeanne D'arc
Restrictions
1.50% - $250 -
St. Mary's
Restrictions
1.50% 20 $500 -
Rtn
Restrictions
1.40% - $1,000 -
1.26% - $1,000 -
Mass Bay
Restrictions
1.25% 14 $500 -
Baxter
Restrictions
1.25% - $500 -
Arrha
Restrictions
1.25% 12 $1,000 -
Sharon
Restrictions
1.20% - $250 -
1.16% - $1,000 -
City Of Boston
Restrictions
1.15% - $500 -
Pioneer Valley
Restrictions
1.15% - $500 -
Crescent
Restrictions
1.15% - $1,000 -
Gfa
Restrictions
1.05% - $500 -
I-c
Restrictions
1.05% 12 $500 -
Members Plus
Restrictions
1.01% - $500 -
Holyoke
Restrictions
1.01% - $1 -
Arrha
Restrictions
1.01% - $1,000 -
Nesc
Restrictions
1.00% - $1 -
1.00% - $500 -
Southbridge
Restrictions
1.00% - $500 -
Metro
Restrictions
1.00% - $1 -
1.00% - $1,000 -
Franklin First
Restrictions
1.00% - $500 -
New Bedford
Restrictions
0.95% - $1,000 -
Freedom
Restrictions
0.95% - $500 -
Liberty Bay
Restrictions
0.95% - $1,000 -
Millbury
Restrictions
0.80% - $200 -
Alden
Restrictions
0.75% - $1,000 -
Southcoast
Restrictions
0.75% - $500 -
Umassfive College
Restrictions
0.75% - $500 -
0.75% - $500 -
Athol
Restrictions
0.70% - $500 -
Southern Mass
Restrictions
0.70% - $500 -
Mass Bay
Restrictions
0.70% - $500 -
Taunton
Restrictions
0.60% - $250 -
Luso
Restrictions
0.60% - $250 -
Homefield
Restrictions
0.50% - $1,000 -
First Citizens'
Restrictions
0.45% - $500 -
Polish National
Restrictions
0.41% - $250 -
St. Mary's
Restrictions
0.40% - $500 -
Greylock
Restrictions
0.40% - $500 -
Naveo
Restrictions
0.35% - $500 -
0.20% - $500 -
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION


Fixed Rate IRA CDs

Fixed Rate IRA CDs are CDs that are held within an Individual Retirement Account (IRA) or a Roth Retirement Account. In an IRA, the funds are deposited pre-tax and allowed to accumulate tax free. When the individual retires, they are withdrawn and all earnings are taxed at the prevailing tax rate. Because individuals generally have lower incomes upon retirement, the tax rate is lower than what it would have been during their working years.

With a Roth IRA, post-tax funds are deposited into the account and the money is allowed to accumulate and be withdrawn tax free.

If the funds are withdrawn before retirement age 59 1/2, the individual will be required to pay a 10% penalty on top of any taxes owed. There are some exceptions to this rule. Fund can be withdrawn penalty free if they are used to pay for education at an IRA qualifying institution or in the purchase of a house.

Advantages to a FIRA

  • Money grows in a tax-advantaged way.
  • Funds are FDIC insured, just like a regular CD.
  • Interest rates on FIRAs are often higher than the same terms for a CD.
  • Some flexibility in withdrawing the money early for first time homebuyers and education expenses.

Disadvantages to a FIRA

  • Returns may not be as high as stocks, bonds, mutual funds.
  • Funds cannot be withdrawn until 59 1/2 without penalty (except for IRS approved expenses).
  • If interest rates rise during the term of the FIRA, money will be stuck in lower yielding account.

Please click here for more information on fixed rate IRA CDs.

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