Our Hadley Branch remains closed as repairs continue. An exact reopening date is not yet available. The drive-up Smart ATM remains open for deposits and loan payments, but please use caution as traffic patterns may shift during construction. Check our website or social media next week for updates. All other branches remain open as usual. Access your accounts anytime through online and mobile banking.

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IRA Savings

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Give your retirement a head start

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

  • 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 determine if your contributions are eligible for deduction.

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    With Roth IRA accounts, your contributions are made after tax, and those contributions will be tax-free when withdrawn from retirement. Your earnings (dividends) are tax-deferred and may be tax-free when withdrawn after five years and a qualifying event, such as turning 59 ½. Regular contributions may be withdrawn tax-free at any time.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

ProductMinimum BalanceDividend RateDividend Rate with 2,500 Co-op PointsAnnual Percentage Yield (APY)APY with 2,500
Co-op Points
IRA Savings AccountNo Minimum Balance0.03% 0.03% 
90 Days FixedOver $5001.50% 1.75% 1.51%1.76%
6 Month FixedOver $5003.70% 3.95% 3.76%4.02%
9 Month FixedOver $5003.70% 3.95% 3.76%4.02%
12 Month FixedOver $5003.50% 3.75% 3.55%3.81%
15 Month FixedOver $5003.50% 3.75% 3.55%3.81%
18 Month FixedOver $5003.50% 3.75% 3.55%3.81%
22 Month FixedOver $5003.50% 3.75% 3.55%3.81%
24 Month FixedOver $5003.60% 3.85% 3.66%3.91% 
29 Month FixedOver $5003.60% 3.85%3.66%3.91% 
36 Month FixedOver $5003.75%4.00%3.81%4.07%
48 Month FixedOver $5003.75%4.00%3.81%4.07%
60 Month FixedOver $5003.75%4.00%3.81%4.07%
Rates subject to change at any time. Rates effective as of October 5, 2026.

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Disclosures and additional details

An IRA (Roth and Traditional) can be opened with as little as $100 in an IRA Share Account. 

IRA Term Share Certificate options earn a higher rate of interest and can be opened with a minimum of $500. IRA Certificate terms range from 90 days to five years. A penalty will be imposed for early withdrawal of Term Deposit principal. For Certificates less than 1 year in duration the penalty is 3 months interest. For Certificates equal to or greater than 1 year in duration the penalty is 6 months interest.

Traditional IRA Retirement Savings Details

Eligibility: Anyone who has earned compensation (i.e. wages, salaries, tips, etc.) during the year of the contribution is eligible to contribute to a Traditional IRA.

Traditional IRA Aggregate Annual Contribution Limits (per tax year):
Contributions up to $6,000 per year (or up to $7,000 for those 50 years of age or older).

 

Roth IRA Retirement Savings Details

Eligibility: Anyone who has earned compensation (i.e. wages, salaries, tips, etc.) and does not exceed the Modified Adjusted Gross Income (MAGI)* limit is eligible to contribute to a Roth IRA. (See below for Annual Contribution Limits).

Roth IRA Aggregate Annual Contribution Limits (per tax year):
Contributions up to $6,000 per year (or up to $7,000 for those 50 years of age and older).

IRA Resources

Financial Knowledge: