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Massachusetts Credit Union IRA CD Rates 2018

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 - April 22, 2018

Advertiser Disclosure
BANKS APY Term MIN MILES ?
Direct
Restrictions
2.55% 21 $100,000 -
2.55% 28 $50,000 -
Ukrainian
Restrictions
2.52% 60 $500 -
Central One
Restrictions
2.50% 30 $1,000 -
Direct
Restrictions
2.50% 21 $250 -
2.40% 28 $500 -
Jeanne D'arc
Restrictions
2.35% 29 $250 -
St. Jean's
Restrictions
2.30% 25 $500 -
Southbridge
Restrictions
2.30% 20 $500 -
Rockland
Restrictions
2.25% 20 $500 -
Rtn
Restrictions
2.25% 35 $50,000 -
Baxter
Restrictions
2.25% 65 $500 -
Central One
Restrictions
2.25% 18 $1,000 -
2.24% 50 $500 -
City Of Boston
Restrictions
2.20% 58 $500 -
Align
Restrictions
2.20% 34 $25,000 -
Sharon
Restrictions
2.15% 59 $250 -
Ukrainian
Restrictions
2.12% 36 $500 -
Usalliance
Restrictions
2.07% - $500 -
Direct
Restrictions
2.05% 11 $100,000 -
Align
Restrictions
2.05% 34 $500 -
2.05% 35 $500 -
Brotherhood
Restrictions
2.02% - $500 -
Service
Restrictions
2.00% 18 $1,000 -
Direct
Restrictions
2.00% 11 $250 -
First Citizens'
Restrictions
2.00% 10 $500 -
Align
Restrictions
2.00% 21 $100,000 -
Pioneer Valley
Restrictions
1.95% 13 $1,000 -
American Airlines
Restrictions
1.87% - $1,000 -
Ukrainian
Restrictions
1.87% 12 $500 -
Ukrainian
Restrictions
1.86% - $500 -
1.85% 14 $500 -
City Of Boston
Restrictions
1.85% 46 $500 -
First Technology
Restrictions
1.85% - $500 -
Baxter
Restrictions
1.80% 18 $500 -
Umassfive College
Restrictions
1.76% 18 $500 -
Merrimack Valley
Restrictions
1.75% 15 $500 -
Taunton
Restrictions
1.75% 18 $250 -
Transportation
Restrictions
1.71% - $1,000 -
Jeanne D'arc
Restrictions
1.70% 11 $250 -
1.66% - $500 -
Southern Mass
Restrictions
1.65% 17 $10,000 -
Crescent
Restrictions
1.65% 16 $50,000 -
Naveo
Restrictions
1.61% 20 $1,000 -
Leominster
Restrictions
1.60% 27 $1,000 -
Align
Restrictions
1.60% 21 $25,000 -
1.56% 24 $1,000 -
St. Jean's
Restrictions
1.55% - $500 -
1.51% - $1,000 -
Naveo
Restrictions
1.51% 14 $1,000 -
Premier Source
Restrictions
1.51% 24 $1,000 -
Quincy
Restrictions
1.51% - $1,000 -
Umassfive College
Restrictions
1.51% 15 $500 -
Central One
Restrictions
1.50% - $1,000 -
City Of Boston
Restrictions
1.50% 34 $500 -
Leominster
Restrictions
1.50% 15 $1,000 -
Service
Restrictions
1.50% - $1,000 -
Taunton
Restrictions
1.50% 13 $250 -
Southbridge
Restrictions
1.50% 15 $500 -
Align
Restrictions
1.45% 21 $500 -
Sharon
Restrictions
1.45% 15 $250 -
1.41% - $1,000 -
Direct
Restrictions
1.40% 8 $100,000 -
Bridgewater
Restrictions
1.38% - $1,000 -
Athol
Restrictions
1.37% 12 $500 -
Southern Mass
Restrictions
1.35% 11 $1,000 -
Direct
Restrictions
1.35% 8 $250 -
1.31% 18 $1,000 -
Worcester
Restrictions
1.25% - $500 -
St. Mary's
Restrictions
1.25% 15 $100,000 -
Merrimack Valley
Restrictions
1.25% - $500 -
Workers
Restrictions
1.21% - $500 -
Bridgewater
Restrictions
1.18% 6 $1,000 -
Arrha
Restrictions
1.15% 12 $1,000 -
Baxter
Restrictions
1.15% - $500 -
Rtn
Restrictions
1.15% - $1,000 -
Athol
Restrictions
1.11% - $500 -
Hanscom
Restrictions
1.10% - $500 -
St. Mary's
Restrictions
1.05% 15 $500 -
I-c
Restrictions
1.05% - $500 -
Align
Restrictions
1.05% - $500 -
Members Plus
Restrictions
1.01% - $500 -
Digital
Restrictions
1.00% - $500 -
Metro
Restrictions
1.00% - $500 -
Allcom
Restrictions
1.00% - $500 -
Jeanne D'arc
Restrictions
1.00% - $250 -
Rockland
Restrictions
1.00% - $500 -
Southbridge
Restrictions
1.00% - $500 -
1.00% - $1,000 -
First Priority
Restrictions
1.00% - $1,000 -
1.00% - $500 -
New Bedford
Restrictions
0.95% - $1,000 -
0.95% - $1,000 -
Freedom
Restrictions
0.95% 12 $500 -
River Works
Restrictions
0.90% - $500 -
Holyoke
Restrictions
0.90% - $1 -
Shrewsbury
Restrictions
0.90% - $1 -
0.85% - $500 -
Webster First
Restrictions
0.85% - $100 -
Premier Source
Restrictions
0.85% - $1,000 -
Gfa
Restrictions
0.80% - $500 -
Umassfive College
Restrictions
0.75% - $500 -
0.75% - $500 -
Alden
Restrictions
0.75% - $1,000 -
West Springfield
Restrictions
0.75% - $500 -
Arrha
Restrictions
0.75% - $1,000 -
Southcoast
Restrictions
0.75% - $500 -
Pioneer Valley
Restrictions
0.75% - $500 -
Millbury
Restrictions
0.70% - $200 -
City Of Boston
Restrictions
0.70% - $500 -
Southern Mass
Restrictions
0.70% - $500 -
Tremont
Restrictions
0.70% - $500 -
Mass Bay
Restrictions
0.70% - $500 -
Luso
Restrictions
0.65% - $250 -
Franklin First
Restrictions
0.60% - $500 -
Taunton
Restrictions
0.60% - $250 -
Liberty Bay
Restrictions
0.60% - $1,000 -
Leominster
Restrictions
0.60% - $1,000 -
0.55% - $500 -
Polish National
Restrictions
0.51% - $250 -
Direct
Restrictions
0.50% - $250 -
Crescent
Restrictions
0.50% - $1,000 -
First Citizens'
Restrictions
0.45% - $500 -
St. Mary's
Restrictions
0.40% - $500 -
Everett
Restrictions
0.40% - $100 -
Naveo
Restrictions
0.35% - $500 -
Sharon
Restrictions
0.35% - $250 -
Homefield
Restrictions
0.35% - $1,000 -
Greylock
Restrictions
0.35% - $500 -
0.35% - $500 -
0.20% - $500 -
Westport
Restrictions
0.15% - $1,000 -
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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