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Older couple dancing together in a kitchen, representing retirement planning and IRA savings with Market USA Federal Credit Union.

IRAs & ESAs

Save for retirement or a college education.

 

Grow your future with tax-advantaged savings for retirement and education

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
  • In 2026, contribute up to $7,500 for the year (up to $8,600 if you're over age 50)
  • Earn competitive dividends through IRA Savings accounts or IRA Certificates (open an Accumulator with just $100. Our other IRA Certificates have a low $500 minimum opening deposit)
  • 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

To open an IRA, please contact us. A Market USA representative can help you choose the option that best fits your retirement goals.

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
  • Earn competitive dividends through ESA Savings accounts or ESA Certificates (open an Accumulator with just $100. Our other ESA Certificates have a low $500 minimum opening deposit)
  • 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

To open a Coverdell Education Savings Account, please contact us to get started. 

Features & Benefits

  • Competitive Rates

  • Low Minimum Deposit

  • Secure Investment

Regular, IRA, & ESA Certificate Rates
Account Term Base APY Preferred APY*
10 Month Special 3.80% 3.90%**
12 Month Accumulator 2.25% 2.60%
3 Months 2.25% 2.60%
6 Months 2.90% 3.25%
12 Months 3.40% 3.75%
18 Months 3.15% 3.50%
24 Months 3.20% 3.55%
36 Months 2.90% 3.25%
48 Months 3.00% 3.35%
60 Months 3.10% 3.45%

Rates effective as of 9/30/2026. $500 minimum to open. $100 minimum to open on the 12 Month Accumulator. Dividends are compounded daily and credited monthly.

*PREFERRED APY: The Preferred APY includes a 0.35% premium. Direct Deposit and eStatements are required to receive this premium. Your APY will decrease if you discontinue these services.

**PREFERRED APY: 10 Month Special - APY includes a 0.10% premium. eStatements are required to receive this premium. Your APY will decrease if you discontinue eStatements.

If applicant is under 18 years old, a parent or guardian who is 18 or older must be a joint owner.

Rate Disclosures

IRA/ESA Savings Rate
Balance APY
$0.01 0.10%

Rates effective as of 9/30/2026. Dividends are compounded and credited monthly.

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.

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A Traditional IRA allows individuals to make tax-deductible contributions, and earnings grow tax-deferred until withdrawals are made during retirement. Taxes are paid on withdrawals, typically at retirement age when the individual's tax rate is potentially lower.

A Roth IRA allows individuals to contribute after-tax income, and qualified withdrawals (including earnings) are tax-free during retirement. Contributions can be withdrawn at any time without penalty.

Yes, individuals can have multiple IRAs, including different types (Traditional, Roth, etc.). However, annual contribution limits apply collectively across all IRAs of the same type.

Withdrawals from a Traditional IRA before age 59½ may be subject to a 10% early withdrawal penalty in addition to ordinary income tax unless an exception applies. Roth IRAs have more flexibility, allowing penalty-free withdrawals of contributions (but not earnings) at any time.

Required Minimum Distributions (RMDs) from Traditional IRA must be taken the year you turn age 73. Roth IRAs do not require RMDs during the account holder’s lifetime.