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IRAs

The road to retirement starts with a smart savings plan.

 

Build up your nest egg with the help of tax advantages

Looking ahead to retirement, it's easy to focus on the exciting - or relaxing - things you can do with your free time. But it's important to understand that you won't be free of everyday expenses. The sooner you open a Market USA Individual Retirement Account, the more money you can set aside, the more dividends you can earn, and the more you can benefit from built-in tax advantages.

  • Choose Traditional or Roth IRAs

Contribute up to $6,500 per year (up to $7,500 if you're over age 50)

  • Earn competitive dividends through IRA Savings accounts or IRA Certificates
  • Works well with 401(k) or other employer-sponsored retirement plans
  • With Traditional IRAs, you may be able to take a tax deduction each year you make a contribution (Consult with your tax advisor.)
  • With Roth IRAs, all withdrawals are tax-free
  • With both Traditional and Roth IRAs, all annual dividends are tax-exempt
  • Consult a Market USA representative or your financial advisor for more details on IRAs and their benefits

Coverdell Education Savings Accounts

It's no secret that education costs can strain a family's finances. With Coverdell ESAs, you can save money over the years to cover college or private elementary and secondary school expenses.

  • Often called Education IRAs because they share many of the tax benefits as regular IRAs
  • Works well with 529 Plans or other education savings accounts

Contribute up to $2,000 per student per year

  • Any family member - including parents, grandparents, aunts and uncles - can contribute to a child's Coverdell account
  • Funds can be used for qualified education expenses, such as tuition, room and board, academic fees and equipment such as laptop computers
  • Annual dividends are tax-exempt and withdrawals for qualified educational purposes are tax-free

Features & Benefits


Regular & IRA Certificate Rates
Account Term Base APY Preferred APY* APY Balance Dividends Compounded / Credited
10 Month Special 4.40% 4.50%** $500 Daily / Monthly
12 Month Accumulator 2.15% 2.51% $100 Daily / Monthly
3 Months 2.15% 2.51% $500 Daily / Monthly
6 Months 2.65% 3.01% $500 Daily / Monthly
12 Months 3.65% 4.01% $500 Daily / Monthly
18 Months 3.85% 4.22% $500 Daily / Monthly
24 Months 3.80% 4.16% $500 Daily / Monthly
36 Months 3.55% 3.91% $500 Daily / Monthly
48 Months 3.55% 3.91% $500 Daily / Monthly
60 Months 3.55% 3.91% $500 Daily / Monthly

*PREFERRED APY: The Preferred APY includes a 0.35% premium. Direct Deposits and e-Statements are required to receive this premium.

**PREFERRED APY: 10 Month Special - APY includes a 0.10% premium. E-Statements are required to receive this premium.

Rate Disclosures


Retirement Savings Calculators


Market USA Federal Credit Union is a full-service financial institution with locations in Maryland and South Carolina as well as nationwide locations through the Shared Branch Network.