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    ONLINE BANKING

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    Investing

    Fill that nest with plenty of eggs! Earn more and save more, with our flexible, higher-yielding investment products.

    INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

    A comfortable retirement doesn’t happen by accident. Plan ahead with an MCCU IRA Account.

    Open an IRA account online

    Traditional IRA

    • A good choice for anyone who doesn't have an employer-sponsored retirement plan
    • Allows for fully tax-deductible contributions of up to $5,500 annually, or $6,500 over age 50
    • Earnings grow tax-deferred
    • Earnings are taxed as ordinary income when withdrawn
    • Withdrawals prior to age 59½ are subject to a 10% penalty tax (unless certain exceptions are met)
    • Dividends are compounded monthly

    Roth IRA

    • Not initially tax-deductible, but offers the benefit of a tax-free withdrawal later
    • After five (5) years, withdrawals are tax-free, after age 59½
    • Maximum $5,500 annual contribution - or $6,500, if you are over age 50
    • Dividends are compounded monthly

    Certificate IRA (“IRA CD”)

    • Offers a higher rate of return and is renewable upon maturity
    • Similar tax benefits to the Traditional and Roth IRAs
    • Minimum deposit of $1,000
    • Choice of 24-, 36- or 60- month terms
    • Dividends compounded quarterly

    Check out our current IRA product rates

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