Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Traditional IRA Retirement Savings

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

Tax Advantages:

Your earnings (dividends) are tax-deferred and your contributions are often tax-deductible (consult your tax professional to see if you are eligible).

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 regular basis.

You can also save for retirement through Term Share Certificates.

Traditional 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!