You are viewing fixed rate ira rates across Massachusetts

Massachusetts Credit Union IRA CD Rates 2017

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 - October 23, 2017

BANKS APY Term MIN MILES ?
CITY OF BOSTON
Restrictions
2.15% 58 $500 -
WORKERS'
Restrictions
2.07% 47 $500 -
SERVICE
Restrictions
2.05% 30 $1,000 -
SHARON
Restrictions
2.05% 59 $250 -
DIRECT
Restrictions
2.05% 30 $100,000 -
DIRECT
Restrictions
2.00% 30 $250 -
WORKERS'
Restrictions
1.87% 35 $500 -
RTN
Restrictions
1.85% 37 $1,000 -
BAXTER
Restrictions
1.85% 60 $500 -
CITY OF BOSTON
Restrictions
1.78% 46 $500 -
LEOMINSTER
Restrictions
1.75% 27 $1,000 -
WORKERS'
Restrictions
1.66% 23 $500 -
DIRECT
Restrictions
1.65% 18 $100,000 -
WORKERS'
Restrictions
1.61% 17 $500 -
DIRECT
Restrictions
1.60% 21 $250 -
1.60% 50 $500 -
LEOMINSTER
Restrictions
1.50% 15 $1,000 -
BAXTER
Restrictions
1.50% 30 $500 -
SERVICE
Restrictions
1.50% 11 $1,000 -
BROTHERHOOD
Restrictions
1.46% - $500 -
PIONEER VALLEY
Restrictions
1.45% 18 $5,000 -
CITY OF BOSTON
Restrictions
1.40% 34 $500 -
ROCKLAND
Restrictions
1.40% 15 $500 -
DIRECT
Restrictions
1.40% 15 $100,000 -
BRIDGEWATER
Restrictions
1.36% 18 $1,000 -
JEANNE D'ARC
Restrictions
1.35% 13 $250 -
SHARON
Restrictions
1.35% 15 $250 -
FIRST CITIZENS'
Restrictions
1.35% 11 $500 -
METRO
Restrictions
1.35% - $500 -
DIRECT
Restrictions
1.35% 15 $250 -
WORKERS'
Restrictions
1.35% 11 $500 -
USALLIANCE
Restrictions
1.31% - $500 -
AMERICAN AIRLINES
Restrictions
1.31% - $1,000 -
MERRIMACK VALLEY
Restrictions
1.26% 15 $500 -
ST. MARY'S
Restrictions
1.25% 15 $100,000 -
ST. JEAN'S
Restrictions
1.25% - $500 -
CRESCENT
Restrictions
1.25% 10 $1,000 -
1.21% - $500 -
WORKERS'
Restrictions
1.20% 9 $500 -
WORKERS'
Restrictions
1.15% 5 $500 -
ARRHA
Restrictions
1.15% 12 $1,000 -
1.11% 14 $500 -
BRIDGEWATER
Restrictions
1.11% - $1,000 -
ATHOL
Restrictions
1.11% - $500 -
TRANSPORTATION
Restrictions
1.10% - $1,000 -
I-C
Restrictions
1.05% - $500 -
ST. MARY'S
Restrictions
1.05% 15 $500 -
MERRIMACK VALLEY
Restrictions
1.01% - $500 -
QUINCY
Restrictions
1.01% - $1,000 -
1.00% - $1,000 -
ROCKLAND
Restrictions
1.00% - $500 -
1.00% - $1,000 -
WORKERS'
Restrictions
0.95% - $500 -
FREEDOM
Restrictions
0.95% 12 $500 -
RIVER WORKS
Restrictions
0.90% - $500 -
CENTRAL ONE
Restrictions
0.90% - $1,000 -
DIGITAL
Restrictions
0.86% - $500 -
HANSCOM
Restrictions
0.85% - $500 -
0.85% - $1,000 -
ALDEN
Restrictions
0.75% - $1,000 -
PIONEER VALLEY
Restrictions
0.75% - $500 -
UMASSFIVE COLLEGE
Restrictions
0.75% - $500 -
FIRST TECHNOLOGY
Restrictions
0.75% - $500 -
SOUTHBRIDGE
Restrictions
0.75% - $500 -
ARRHA
Restrictions
0.75% - $1,000 -
RTN
Restrictions
0.75% - $1,000 -
0.75% - $500 -
PREMIER SOURCE
Restrictions
0.75% - $1,000 -
0.75% - $500 -
0.70% - $500 -
WEBSTER FIRST
Restrictions
0.70% - $100 -
SOUTHERN MASS
Restrictions
0.70% - $500 -
NEW BEDFORD
Restrictions
0.70% - $1,000 -
BAXTER
Restrictions
0.70% - $500 -
HOLYOKE
Restrictions
0.70% - $1 -
ALIGN
Restrictions
0.70% - $500 -
SERVICE
Restrictions
0.70% - $1,000 -
EVERETT
Restrictions
0.70% - $100 -
TREMONT
Restrictions
0.70% - $500 -
FIRST PRIORITY
Restrictions
0.65% - $1,000 -
GFA
Restrictions
0.65% - $500 -
LUSO
Restrictions
0.65% - $250 -
JEANNE D'ARC
Restrictions
0.65% - $250 -
TAUNTON
Restrictions
0.60% - $250 -
CITY OF BOSTON
Restrictions
0.60% - $500 -
LEOMINSTER
Restrictions
0.60% - $1,000 -
LIBERTY BAY
Restrictions
0.60% - $1,000 -
0.60% 15 $500 -
MEMBERS PLUS
Restrictions
0.55% - $500 -
MILLBURY
Restrictions
0.55% - $200 -
POLISH NATIONAL
Restrictions
0.51% - $250 -
DIRECT
Restrictions
0.50% - $250 -
MASS BAY
Restrictions
0.50% - $500 -
0.50% - $500 -
FIRST CITIZENS'
Restrictions
0.45% - $500 -
FRANKLIN FIRST
Restrictions
0.45% - $500 -
ST. MARY'S
Restrictions
0.40% - $500 -
SHARON
Restrictions
0.35% - $250 -
HOMEFIELD
Restrictions
0.35% - $1,000 -
NAVEO
Restrictions
0.35% - $500 -
CRESCENT
Restrictions
0.35% - $1,000 -
GREYLOCK
Restrictions
0.35% - $500 -
0.30% - $500 -
0.20% - $500 -
WESTPORT
Restrictions
0.15% - $1,000 -


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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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