Traditional & Roth IRAs

Save without risking one penny of your hard-earned money.

Good retirement planning includes an Individual Retirement Account

Whether you're starting your first job around Baltimore, MD, or pivoting during a significant mid-career move, it's the perfect time to invest in a MECU Credit Union IRA. As you make steady contributions over the years, you can create retirement savings to enjoy your version of an ideal retirement.

Enjoy steady earnings and a variety of tax breaks*
No hidden fees
Track your savings growth with Online and Mobile Banking

Explore your IRA options

Choose between Traditional and Roth IRAs, both with specific tax advantages your financial advisor can explain in full detail. All IRA accounts are insured by the National Credit Union Administration, a federal government agency. 

Choose the accounts you’d like to compare

Traditional IRA

Roth IRA

Contribute up to $7,500 a year in 2026
($8,600 max if over age of 50)
Contribute up to $7,500 a year in 2026
($8,600 max if over age of 50)
Annual contributions may be tax-deductible
Investment interest and dividends grow tax-free; withdrawals are not taxed*
Must take annual distributions beginning at age 73
No mandatory distribution age
Early withdrawals (before age 59 ½) incur 10% tax penalty in many instances
No early withdrawal penalties in many instances for higher education or purchase of first home*

Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on IRA and other savings accounts.

RewardChecking
Earn More with Everyday Checking

Make the most of your daily spending while earning rewards on your everyday purchases.

Put an IRA in play for your retirement savings strategy.

*Consult a tax advisor for details.