Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Roth IRA Retirement Savings

Plan now and save for retirement with UMassFive. Roth Individual Retirement Accounts (IRAs) offer unique tax advantages for your retirement savings.

Tax Advantages:

Your contributions are made after tax, and those contributions will be tax-free when withdrawn from retirement. Your earnings (dividends) are tax-deferred and may be tax-free when withdrawn after five years and a qualifying event, such as turning 59 ½. Regular contributions may be withdrawn tax-free at any time.

An Easy Way to Save for Retirement

Saving even a small amount on a regular basis can really add up. This account allows you to systematically save through payroll deduction, allowing you to save on a regular basis.

You can also save for retirement through Term Share Certificates.

Roth IRA Rates

Product Minimum Balance Dividend Rate Annual Percentage Yield
IRA Share Account Balances over $100 0.10% 0.10%
90 Day Fixed Balances over $500 0.30% 0.30%
6 Month Fixed Balances over $500 0.55% 0.55%
9 Month Fixed Balances over $500 0.60% 0.60%
12 Month Fixed Balances over $500 0.75% 0.75%
15 Month Fixed Balances over $500 1.30% 1.31%
18 Month Fixed Balances over $500 1.40% 1.41%
22 Month Fixed Balances over $500 0.95% 0.95%
24 Month Fixed Balances over $500 1.00% 1.00%
29 Month Fixed Balances over $500 1.15% 1.16%
36 Month Fixed Balances over $500 1.35% 1.36%
48 Month Fixed Balances over $500 1.60% 1.61%
60 Month Fixed Balances over $500 1.85% 1.87%

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Rates subject to change at any time. Dividend Rates Effective as of November 2, 2017.

For questions or assistance, contact a friendly UMassFive representative today!