National ATMsIndividual Retirement Accounts (IRA)
Reliable growth you can actually see.
Invest your hard-earned money and earn higher dividends while having peace of mind knowing your money is safe and secure. Choose from various terms and tiered rates and meet your retirement goals.
Open an IRA account today!
Find a Local Branch Rates
IRA Savings:
- Traditional IRA, SEP IRA, Roth IRA, Simple IRA, Coverdell Education Savings Account*
- Earnings may be tax-free if account requirements are met and withdrawals are used for appropriate account purpose
- All IRA rules apply
- Minimum deposit to open account is $25.00
- Tiered Account to earn interest - Check rates
- Earns dividends (figured daily, compounded monthly)
- No monthly or yearly service charge or fees
IRA Certificate:
- Traditional IRA, SEP IRA, Roth IRA, Simple IRA, Coverdell Education Savings Account*
- Terms available include 12, 24, 36, 48, and 60 months
- Five rate tiers for each term available - Check rates
- Minimum deposit to open varies by rate tier
- Certificates are automatically renewable - 10 day grace period at maturity
- Early withdrawal fee is forgiven for a qualified distribution reason
- Earns dividends (figured daily, compounded monthly)
- No monthly or yearly service charge or fees
*Dividends are tax-deferred for Traditional, SEP and Simple IRA. Earnings on a ROTH are tax-free for account owners who meet a five year holding period and withdraw the funds for a qualified reason. Coverdell Education Savings Account: Earnings grow tax-free if used for education expenses.
Pick your IRA
What savings method is best for you?
Choose an IRA Savings account if...
- You want to start planning for retirement but may need access to the funds
- You prefer to contribute smaller amounts over a period of time instead of a large lump sum in the beginning
- You've started saving but want to grow your retirement nest egg
Choose an IRA Certificate if...
- You have a large lump sum of money to invest
- You are comfortable with not having access to your funds for a period of time
- You want to earn interest more quickly on your investment
IRA Certificate Rates
Effective Date5/16/2025
| Term | $500-$24,999 | $25,000-$49,999 | $50,000-$99,999 | $100,000-$149,999 | $150,000+ |
|---|---|---|---|---|---|
| 12 Month | 4.00% APY 3.928% Rate |
4.00% APY 3.928% Rate |
4.00% APY 3.928% Rate |
4.10% APY 4.025% Rate |
4.10% APY 4.025% Rate |
| 24 Month | 3.40% APY 3.348% Rate |
3.45% APY 3.397% Rate |
3.50% APY 3.445% Rate |
3.55% APY 3.494% Rate |
3.65% APY 3.590% Rate |
| 36 Month | 3.25% APY 3.203% Rate |
3.30% APY 3.251% Rate |
3.35% APY 3.300% Rate |
3.40% APY 3.348% Rate |
3.50% APY 3.445% Rate |
| 48 Month | 3.00% APY 2.960% Rate |
3.05% APY 3.008% Rate |
3.10% APY 3.057% Rate |
3.15% APY 3.105% Rate |
3.25% APY 3.203% Rate |
| 60 Month | 3.10% APY 3.057% Rate |
3.15% APY 3.105% Rate |
3.20% APY 3.154% Rate |
3.25% APY 3.203% Rate |
3.35% APY 3.300% Rate |
APY = Annual Percentage Yield.
Rates are subject to change without notice. Dividends compound monthly.
Penalty for early withdrawal: Terms of 12 months but less than 24 months = 180 Days' Dividends; Terms of 24 months or greater = 365 Days' Dividends.
For IRA Certificate accounts, the minimum opening deposit must be at least $500.00 per certificate.
IRA Savings Rates
Effective Date 9/16/2024
| Balance Tier | Dividend Rate | APY | Min Opening Deposit |
|---|---|---|---|
| $0 - $2,499 | 0.15% |
0.15% |
$25.00 |
| $2,500 - $9,999 | 0.15% |
0.15% |
$25.00 |
| $10,000 - $24,999 | 0.20% |
0.20% |
$25.00 |
| $25,000 - $49,999 | 0.25% |
0.25% |
$25.00 |
| $50,000 - $99,999 | 0.30% |
0.30% |
$25.00 |
| $100,000 - $149,999 | 0.35% |
0.35% |
$25.00 |
| $150,000+ | 0.40% |
0.40% |
$25.00 |
APY = Annual Percentage Yield.
Rates are subject to change without notice. Dividends compound monthly. Fees could reduce earnings.
Join the Magnifi Family!
At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.
