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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

Give a boost to your savings with our Certificate Specials1

Have some extra money? Put it to work for you with a certificate account – an easy way to earn dividends!

New money only1

Open an Account

Already a Member? Sign-in to open.

1CD Specials cannot be combined with any other offer. Federal Regulations require a substantial penalty on funds withdrawn prior to maturity for all Certificate of Deposit (CD) accounts. Fees could reduce earnings on the account. Please see MITFCU’s Truth in Savings for Certificates of Deposit. Account requires NEW MONEY ONLY; New money is considered funds not currently on deposit at MIT Federal Credit Union. Minimum to open and earn APY is $10,000.00. For online account opening only. If the CD is rolled over upon maturity, it will earn the base rate of interest in effect at that time.

Certificate Specials
Effective Date: Tuesday, October 4th, 2022
NameMinimum Daily Balance to EarnTermDividend RateAPY**
22 Month Special (1) $10,000.00 22 Months 2.71% 2.75%
15 Month Special (1) $10,000.00 15 Months 2.47% 2.50%
9 Month Special (1) $10,000.00 9 Months 1.73% 1.75%
6 Month Special (1) $10,000.00 6 Months 1.73% 1.75%


Share Certificates and Traditional/Roth IRA Certificates
Effective Date: Tuesday, October 4th, 2022
Minimum Daily Balance to EarnTermDividend RateAPY**
$500.00 12 Months 0.35% 0.35%
$500.00 18 Months 0.50% 0.50%
$500.00 24 Months 0.75% 0.75%
$500.00 36 Months 0.75% 0.75%
$500.00 48 Months 0.80% 0.80%
$500.00 60 Months 0.80% 0.80%


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.

*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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