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UMassFive has been approved to be a lender of the SBA's Payroll Protection Program (PPP) as a part of the recently passed 2020 CARES Act, and will be eligible to process PPP loans through the SBA's loan delivery system as soon as this system is made available to us. Please email our Commercial Services Division for additional information.

IRA Savings


Give your retirement a head start

Saving for your retirement is important, and we've got options to fit your goals.


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Traditional IRA Retirement Savings Accounts

With Traditional IRA accounts, your earnings (dividends) are tax-deferred and your contributions are often tax-deductible (consult your tax professional to see if you are eligible).

Roth IRA Retirement Savings Accounts

With Roth IRA accounts, your contributions are made after tax, and those contributions will be tax-free when withdrawn from retirement. Your earnings (dividends) are tax-deferred and may be tax-free when withdrawn after five years and a qualifying event, such as turning 59 ½. Regular contributions may be withdrawn tax-free at any time.

IRA Savings Rates

Get the same great rates whether you choose a Traditional or Roth IRA account:

Product Minimum Balance Dividend Rate Annual Percentage Yield
IRA Share Account Over $100 0.05% 0.05%
90 Days Fixed Over $500 0.10% 0.10%
6 Month Fixed Over $500 0.25% 0.25%
9 Month Fixed Over $500 0.30% 0.30%
12 Month Fixed Over $500 0.35% 0.35%
15 Month Fixed Over $500 0.35% 0.35%
18 Month Fixed Over $500 0.40% 0.40%
22 Month Fixed Over $500 0.45% 0.45%
24 Month Fixed Over $500 0.50% 0.50%
29 Month Fixed Over $500 0.55% 0.55%
36 Month Fixed Over $500 0.60% 0.60%
48 Month Fixed Over $500 0.65% 0.65%
60 Month Fixed Over $500 0.70% 0.70%
Rates subject to change at any time. Rates effective as of April 1, 2020.

Plan for the Future!


For disclosures and additional details visit here.