View Welcome Notice

We're excited to announce that the MCU website has been rebuilt and redesigned for an improved banking experience. Discover the exciting changes and enhanced features by visiting our dedicated information page.

Click here for more details.

Fixed Icon
Fixed Rate IRAs

Open a Fixed Rate IRA Today.

Looking for a great retirement savings option with a return you can count on? MCU offers a fixed-rate account that earns interest at a fixed rate during the full term. Choose between 6, 12, 24, or 36 months—and start saving.

Join MCU Today

Set Yourself Up for a Stress-Free Retirement.

Your retirement should be a time of relaxation, not financial strain. Start saving now, and set yourself up for future financial stability and success.


Enjoy Tax-Deductible Deposits.

With a traditional fixed rate IRA, your contributions (deposits) will be subtracted from your total gross income—directly lowering the taxes you owe (income limits apply). And if you opt for a fixed rate Roth IRA, you’ll enjoy tax free withdrawals down the road.


No Surprises, Just

Enjoy the security of a fixed rate that yields higher interest rates—and ultimately higher returns—on every dollar you set aside for your future.


Switching Institutions? No Problem.

We make it simple and easy for you to transfer your existing IRA from another institution. Just speak with one of our member service representatives to get the ball rolling, and start building a secure financial future with MCU.

Why Do I Need an IRA?

An IRA, or Individual Retirement Account, is a retirement savings account that features tax-saving advantages and allows you to invest in your future financial health. The sooner you open a retirement account, the more time your money has to grow.


No Matter Where You Are in Life, We’re Right There with You.

At MCU, we believe that a credit union should be a lifelong source of financial education and support—from planning for college to saving for retirement and everything in between.

That’s why we have specialized recommendations for products and services designed to help you meet your goals (both short-term and down the road), based on your changing needs and priorities.

Show Me Products For My Life Right Now
top top

Make the Most of Your MCU Membership.

Membership in our community is about more than just banking. As an MCU member, you can access valuable information and resources to help you plan and reach your financial goals.

When Should You Take Social Security?

When Should You Take Social Security?

Filing for Social Security benefits as soon as you can  — or shortly thereafter —  a few years early may seem like a good idea at first. The money is ...
How To “Trick” Yourself Into Saving More

How To “Trick” Yourself Into Saving More

With inflation high and money tight for so many of us, there’s never been a better time to re-examine how we’re managing our finances and to make some moves to save more. ...
How Much Should You Save For Retirement?

How Much Should You Save For Retirement?

In a perfect world, you would start saving for retirement with your very first paycheck and keep at it until the day you left your job some 40 years later. But not everyone works ...

Get Answers to Our Frequently Asked Questions.

How do I apply to open an IRA?

To open an IRA through MCU, call us at (800) 323-6713 or visit your local branch. NYMCU Digital Banking does not allow members to open an IRA online at this time.

What’s the difference between a variable rate and a fixed rate?

A fixed-rate has the same interest for the duration of the loan, and variable rates have interest that changes with the fluctuating market.

At what point is the money in my account taxed?

It depends on what kind of IRA you choose to open. The money in a Traditional IRA is taxed upon withdrawal, while contributions to a Roth IRA are taxed upfront, allowing for tax-free withdrawals in retirement.

Can I take my money out of the account at any time?

You may deduct from your account at any time, but if you are under the age of 59 and a half you will be subject to penalty.

Will my rate ever change the duration of my term?

If you open a fixed IRA, your rate will be fixed in place for the duration of the term and is not subject to ever change. A flexible-rate IRA has rates that change with the fluctuating market.

Ready to Start Saving for Retirement?

Join now to get access to the competitive rates, savings products, and educational resources you need to secure an exceptional financial future.

Join MCU Today
Learn More About Membership

* APY = Annual Percentage Yield. Dividend Rates and Annual Percentage Yields are accurate as of the last dividend declaration date. Rates and Terms are subject to change without notice. For more details, see our Rates page.

Multiple accounts are only allowed for Share Certificates. All other deposit accounts are limited to one of each type.

You are now leaving the Municipal Credit Union website and entering a website hosted by another party. A link to this site is being made available for convenience and informational purposes only. Any products or services accessed through this link are not being provided by Municipal Credit Union and are solely the responsibility of the vendor or merchant hosting this other website. Please be advised that the vendor or merchant hosting this other website may have a privacy and information security policy that is different than that of Municipal Credit Union. Municipal Credit Union disclaims any responsibility for the content of the third-party website you are about to access.