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Preparing for retirement? It’s never too late or too early to start.

We offer both Traditional Share Certificates (CDs) and Certificates for retirement including both a Traditional IRA or Roth IRA. All certificates have some things in common:

  • Share/IRA Share Certificate ($500 minimum) and a Jumbo/IRA Jumbo Share Certificate ($50,000 minimum)
  • Terms ranging from 12 to 60 months
  • Money grows over the selected term at a guaranteed rate
  • Dividends are compounded daily and paid monthly, and can be rolled into the certificate
  • No monthly fees

What's the difference between IRA Certificates and regular Certificates?

Share Certificates - help you reach shorter term financial goals

Individual Retirement Account (IRA/Traditional & Roth) Certificates - help you reach your retirement savings goals

What’s the difference between Traditional and Roth Certificates?

Traditional IRA - Contributions are tax-deductible in the year they are made, because deposits are made pre-tax

Roth IRA - Withdrawals in retirement are not taxed, because deposits are made after tax


Consult your tax adviser to assist with deciding which account is right for you. The road to a more secure financial future begins with saving strategies using MIT Federal Credit Union's IRAs and Share Certificates.

Share Certificates and Traditional/Roth IRA Certificates
Effective Date: Monday, September 20th, 2021
Minimum Daily Balance to EarnTermDividend RateAPY**
$500.00 12 Months 0.20% 0.20%
$500.00 18 Months 0.25% 0.25%
$500.00 24 Months 0.30% 0.30%
$500.00 36 Months 0.40% 0.40%
$500.00 48 Months 0.40% 0.40%
$500.00 60 Months 0.50% 0.50%

*A $5.00 balance is required to open a Savings Account, which is required for membership at MIT Federal Credit Union. To earn a dividend, you must maintain the Minimum Daily Balance listed above. No dividend will be paid on days when the balance falls below the required minimum. The rate may change after account opening. Fees could reduce earnings on the account.

** APY=Annual Percentage Yield. Share Certificate APY assumes dividends are retained in the Certificate; there may be a penalty for early withdrawal. The required Minimum Daily Balance must be maintained at all times. Other terms and conditions apply. Rates are accurate as of the current date. Rates are subject to change without notice. Please consult a Representative for complete savings information.

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